gutshot vs looking fishy player

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gutshot vs looking fishy player

Blinds: $0.02/$0.05 (6 Players) BN: $11.39 (Hero)
SB: $4.95
BB: $5.37
UTG: $4.63
MP: $5.90
CO: $9.86
Preflop ($0.07) Hero is BN with 8 7
2 folds, CO calls $0.05, Hero raises to $0.20, 2 folds, CO raises to $0.40, Hero calls $0.20
Flop ($0.87) 4 4 5
CO bets $0.42, Hero calls $0.42
Turn ($1.71) 4 4 5 9
CO bets $0.82, Hero calls $0.82
River ($3.35) 4 4 5 9 7
CO bets $1.61, Hero folds
Final Pot CO wins $3.21
Rake is $0.14

villain is 47/37 over 38 hands / 35% 3bet pf / never saw him limp

my question here is very simple, is there any merit in raising at one point in that hand. I just think that for example on the 9 on the turn hes definitly gonna have some air that are gonna fold to a raise + i have equity if called

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