What’s Ahead for Raging River Exploration Inc After Today’s Huge Decline?

 What's Ahead for Raging River Exploration Inc After Today's Huge Decline?

The stock of Raging River Exploration Inc (TSE:RRX) is a huge mover today! About 317,420 shares traded hands. Raging River Exploration Inc (TSE:RRX) has declined 3.38% since April 25, 2016 and is downtrending. It has underperformed by 8.64% the S&P500.
The move comes after 6 months negative chart setup for the $2.16B company. It was reported on Nov, 29 by Barchart.com. We have $9.06 PT which if reached, will make TSE:RRX worth $108.00M 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 22.96% above today’s ($9.54) stock price. Raging River Exploration has been the topic of 20 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, November 9 by TD Securities. RBC Capital Markets maintained Raging River Exploration Inc (TSE:RRX) on Thursday, July 21 with “Outperform” rating. The firm earned “Sector Perform” rating on Wednesday, November 9 by Scotia Capital. Paradigm Research maintained the shares of RRX in a report on Wednesday, August 12 with “Buy” rating. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, February 4.

More news for Raging River Exploration Inc (TSE:RRX) were recently published by: Reuters.com, which released: “BRIEF-Raging River Exploration Inc announces $58 million Dodsland Viking p…” on November 28, 2016. Benzinga.com‘s article titled: “Raging River Exploration Inc. Announces $58 Million Dodsland Viking Property …” and published on November 28, 2016 is yet another important article.

Raging River Exploration Inc is a Canada gas and oil company. The company has a market cap of $2.16 billion. The Firm is engaged in oil and natural gas production, exploitation and acquisition in the Dodsland area of southwest Saskatchewan. It has a 229.27 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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