Range Resources Corp. Given Average Recommendation of “Buy” by Analysts (NYSE:RRC)
Shares of Range Resources Corp. (NYSE:RRC) have been given an average rating of “Buy” by the twenty-eight analysts that are presently covering the company, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $92.95.
RRC has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Range Resources Corp. from $76.00 to $83.00 in a research note on Tuesday, April 22nd. They now have an “underweight” rating on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Range Resources Corp. in a research note on Tuesday, April 15th. They now have a $85.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Range Resources Corp. from $96.00 to $99.00 in a research note on Tuesday, April 1st.
Range Resources Corp. (NYSE:RRC) traded up 0.35% on Monday, hitting $92.05. The stock had a trading volume of 187,337 shares. Range Resources Corp. has a one year low of $71.43 and a one year high of $95.41. The stock’s 50-day moving average is $87.90 and its 200-day moving average is $82.6. The company has a market cap of $14.742 billion and a price-to-earnings ratio of 130.11.
Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings results on Wednesday, February 26th. 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. Analysts expect that Range Resources Corp. will post $2.15 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.