Range Resources Corp. PT Raised to $78.00 (RRC)
Equities research analysts at KLR Group lifted their price objective on shares of Range Resources Corp. (NYSE:RRC) from $6.00 to $78.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. KLR Group’s target price would suggest a potential downside of 8.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Range Resources Corp. from a “hold” rating to a “buy” rating in a research note on Thursday. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of Range Resources Corp. in a research note on Wednesday. Finally, analysts at Sanford C. Bernstein upgraded shares of Range Resources Corp. from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $99.00 price target on the stock, up previously from $90.00. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $89.98.
Range Resources Corp. (NYSE:RRC) traded up 2.20% on Thursday, hitting $86.81. The stock had a trading volume of 1,691,083 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 $84.93 and a 200-day moving average of $79.54. The company has a market cap of $13.877 billion and a P/E ratio of 99.11.
Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters 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 $1.87 earnings per share for the current fiscal year.
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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