Raging River Exploration Inc (TSE:RRX) – Stock analysts at Clarus Securities boosted their FY2017 earnings estimates for shares of Raging River Exploration in a report released on Wednesday. Clarus Securities analyst R. Pare now forecasts that the firm will post earnings of $0.43 per share for the year, up from their previous forecast of $0.32.
RRX has been the topic of several other research reports. Scotiabank restated a “sector perform” rating and set a C$12.00 price objective on shares of Raging River Exploration in a research note on Tuesday, November 29th. CIBC upped their price objective on Raging River Exploration from C$13.00 to C$13.50 in a research note on Wednesday, January 25th. Royal Bank Of Canada restated an “outperform” rating and set a C$13.00 price objective on shares of Raging River Exploration in a research note on Wednesday, November 9th. TD Securities restated a “buy” rating and set a C$14.00 price objective on shares of Raging River Exploration in a research note on Wednesday, November 9th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a C$12.00 target price on shares of Raging River Exploration in a report on Tuesday, November 29th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$12.75.
Raging River Exploration (TSE:RRX) opened at 9.27 on Thursday. The company’s 50 day moving average is $9.74 and its 200-day moving average is $10.47. The company has a market capitalization of $2.14 billion and a price-to-earnings ratio of 215.58. Raging River Exploration has a 52-week low of $8.63 and a 52-week high of $11.87.
In other news, Director Kevin Olson purchased 10,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was purchased at an average cost of C$9.29 per share, with a total value of C$92,900.00. Also, Director Neil Jack Roszell purchased 100,000 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were purchased at an average cost of C$9.00 per share, with a total value of C$900,000.00.
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