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Range Resources Corp. (NYSE:RRC) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, reports. The firm currently has a $99.00 target price on the stock, up from their previous target price of $90.00. Sanford C. Bernstein’s target price points to a potential upside of 13.92% from the stock’s previous close.

Shares of Range Resources Corp. (NYSE:RRC) traded down 1.99% on Wednesday, hitting $85.17. The stock had a trading volume of 2,130,603 shares. Range Resources Corp. has a 1-year low of $71.14 and a 1-year high of $89.19. The stock has a 50-day moving average of $84.85 and a 200-day moving average of $79.54. The company has a market cap of $13.615 billion and a P/E ratio of 101.40.

Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.04. The company had revenue of $461.00 million for the quarter, compared to the consensus estimate of $459.87 million. On average, analysts predict that Range Resources Corp. will post $1.39 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $89.83.

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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