Range Resources Corp. Coverage Initiated by Analysts at Brean Capital (RRC)
Brean Capital initiated coverage on shares of Range Resources Corp. (NYSE:RRC) in a research note issued on Tuesday, Analyst Ratings News reports. The firm set a “buy” rating and a $113.00 price target on the stock. Brean Capital’s price objective indicates a potential upside of 27.86% from the company’s current price.
Range Resources Corp. (NYSE:RRC) traded up 0.37% during mid-day trading on Tuesday, hitting $88.38. The stock had a trading volume of 853,426 shares. Range Resources Corp. has a one year low of $72.54 and a one year high of $95.41. The stock’s 50-day moving average is $88.7 and its 200-day moving average is $83.47. The company has a market cap of $14.183 billion and a price-to-earnings ratio of 64.51.
Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.26. The company had revenue of $457.34 million for the quarter, compared to the consensus estimate of $486.70 million. During the same quarter last year, the company posted $0.33 earnings per share. Range Resources Corp.’s revenue was up 43.3% compared to the same quarter last year. On average, analysts predict that Range Resources Corp. will post $2.01 earnings per share for the current fiscal year.
RRC has been the subject of a number of other recent research reports. Analysts at Macquarie raised their price target on shares of Range Resources Corp. from $115.00 to $120.00 in a research note on Friday, May 2nd. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Range Resources Corp. in a research note on Thursday, May 1st. They now have a $106.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $95.27.
In other Range Resources Corp. news, VP Chad Stephens sold 12,806 shares of Range Resources Corp. stock on the open market in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $90.39, for a total transaction of $1,157,534.34. Following the completion of the sale, the vice president now directly owns 108,421 shares of the company’s stock, valued at approximately $9,800,174. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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