Range Resources Corp. Reaches New 1-Year High at $89.19 (RRC)
Range Resources Corp. (NYSE:RRC) shares reached a new 52-week high during trading on Monday , AR Network reports. The stock traded as high as $89.19 and last traded at $87.37, with a volume of 1,496,232 shares changing hands. The stock had previously closed at $85.67.
A number of analysts have recently weighed in on RRC shares. Analysts at Sanford C. Bernstein downgraded shares of Range Resources Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $90.00 price target on the stock, down previously from $99.00. Separately, analysts at RBC Capital downgraded shares of Range Resources Corp. from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 18th. They now have a $90.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Range Resources Corp. to $89.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.34.
The stock has a 50-day moving average of $84.68 and a 200-day moving average of $79.49. The company has a market cap of $13.992 billion and a price-to-earnings ratio of 99.96.
Range Resources Corporation (NYSE:RRC) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.
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