Range Resources Corp. Given Consensus Rating of “Buy” by Brokerages (NYSE:RRC)
Range Resources Corp. (NYSE:RRC) has received a consensus recommendation of “Buy” from the twenty-seven analysts that are presently covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $98.30.
Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Range Resources Corp. from $113.00 to $114.00 in a research note on Monday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Range Resources Corp. in a research note on Friday. They now have a $100.00 price target on the stock, up previously from $99.00. Finally, analysts at Canaccord Genuity initiated coverage on shares of Range Resources Corp. in a research note on Wednesday, July 16th. They set a “buy” rating and a $107.00 price target on the stock.
Range Resources Corp. (NYSE:RRC) opened at 76.70 on Friday. Range Resources Corp. has a 52 week low of $72.54 and a 52 week high of $95.41. The stock has a 50-day moving average of $86.3 and a 200-day moving average of $86.80. The company has a market cap of $12.309 billion and a price-to-earnings ratio of 57.11.
Range Resources Corp. (NYSE:RRC) last posted its earnings results 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. Analysts expect that Range Resources Corp. will post $1.99 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.
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