Could Raging River Exploration Inc Gain Strenght? The Stock Reaches 52-Week Low

 Could Raging River Exploration Inc Gain Strenght? The Stock Reaches 52 Week Low

The stock of Raging River Exploration Inc (TSE:RRX) is a huge mover today! About 83,336 shares traded hands. Raging River Exploration Inc (TSE:RRX) has risen 10.00% since April 12, 2016 and is uptrending. It has outperformed by 5.31% the S&P500.
The move comes after 7 months negative chart setup for the $2.51B company. It was reported on Nov, 16 by Barchart.com. We have $9.84 PT which if reached, will make TSE:RRX worth $150.60 million less.

Raging River Exploration Inc (TSE:RRX) Ratings Coverage

Out of 6 analysts covering Raging River Exploration (TSE:RRX), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $14 is the highest target while $9 is the lowest. The $11.73 average target is 12.03% above today’s ($10.47) stock price. Raging River Exploration has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, July 21. The company was maintained on Thursday, February 4 by RBC Capital Markets. RBC Capital Markets maintained the shares of RRX in a report on Wednesday, November 9 with “Outperform” rating. The stock has “Sector Perform” rating given by Scotia Capital on Wednesday, November 9. Paradigm Research maintained Raging River Exploration Inc (TSE:RRX) on Wednesday, August 12 with “Buy” rating. TD Securities maintained the stock with “Buy” rating in Wednesday, November 9 report.

Another recent and important Raging River Exploration Inc (TSE:RRX) news was published by Bloomberg.com which published an article titled: “Raging River CEO Covets Troubled Canadian Rival’s Light Oil” on March 21, 2016.

Raging River Exploration Inc is a Canada gas and oil company. The company has a market cap of $2.51 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 251.62 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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