After Today’s Huge Decline, Is Raging River Exploration Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Raging River Exploration Inc's Near Term Analysis Negative?

The stock of Raging River Exploration Inc (TSE:RRX) is a huge mover today! About 368,619 shares traded hands. Raging River Exploration Inc (TSE:RRX) has risen 18.66% since March 24, 2016 and is uptrending. It has outperformed by 15.19% the S&P500.
The move comes after 8 months negative chart setup for the $2.44 billion company. It was reported on Oct, 31 by Barchart.com. We have $10.00 PT which if reached, will make TSE:RRX worth $170.80M less.

Raging River Exploration Inc (TSE:RRX) Ratings Coverage

Out of 5 analysts covering Raging River Exploration (TSE:RRX), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Raging River Exploration has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Outperform”. The company was maintained on Wednesday, August 12 by Paradigm Research. The company was maintained on Thursday, July 21 by RBC Capital Markets.

More recent Raging River Exploration Inc (TSE:RRX) news were published by: Fool.ca which released: “The Best Oil Company Today: Raging River Exploration Inc.” on October 28, 2016. Also Bloomberg.com published the news titled: “Raging River CEO Covets Troubled Canadian Rival’s Light Oil” on March 21, 2016. Seekingalpha.com‘s news article titled: “Raging River Exploration: The Best E&P Play Today” with publication date: December 03, 2014 was also an interesting one.

Raging River Exploration Inc is a Canada gas and oil company. The company has a market cap of $2.44 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 161.92 P/E ratio. The Company’s area of activities is located in the Viking light oil fairway at the greater Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta.

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