Raging River Exploration Gets a Buy Rating from Desjardins

By Austin Angelo

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Raging River Exploration (TSX: RRX) received a Buy rating from Desjardins’ analyst Justin Bouchard, with a C$11 price target.

According to TipRanks.com, Bouchard is ranked #4246 out of 4743 analysts.

Raging River Exploration has an analyst consensus of Moderate Buy, with a price target consensus of C$10.20.

Based on Raging River Exploration’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$93.41 million and quarterly net profit of C$5.93 million. In comparison, last year the company earned revenue of C$89.18 million and had a net profit of C$18.99 million.

Raging River Exploration, Inc. is a junior oil and gas production company. It engages in the exploration and development of crude oil and natural gas properties in in southwest Saskatchewan. The company was founded on December 15, 2011 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$8.67.