Range Resources Corp. Receives Consensus Rating of “Buy” from Analysts (NYSE:RRC)
Range Resources Corp. (NYSE:RRC) has received an average rating of “Buy” from the twenty-seven ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $98.30.
A number of analysts have recently weighed in on RRC shares. 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 released its earnings data on Monday, April 28th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 43.3% on a year-over-year basis. 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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