Range Resources Corp. Price Target Cut to $90.00 (RRC)
Analysts at Deutsche Bank lowered their price target on shares of Range Resources Corp. (NYSE:RRC) from $100.00 to $90.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 15.16% from the stock’s previous close.
RRC has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Range Resources Corp. from $97.00 to $90.00 in a research note on Tuesday. Separately, analysts at Stephens upgraded shares of Range Resources Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 23rd. They now have a $105.00 price target on the stock. Finally, 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, July 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $97.77.
Shares of Range Resources Corp. (NYSE:RRC) traded up 2.46% during mid-day trading on Tuesday, hitting $78.15. The stock had a trading volume of 3,986,957 shares. Range Resources Corp. has a 52-week low of $72.54 and a 52-week high of $95.41. The stock’s 50-day moving average is $83.97 and its 200-day moving average is $86.66. The company has a market cap of $12.542 billion and a P/E ratio of 55.88.
Range Resources Corp. (NYSE:RRC) last released its earnings data on Monday, July 28th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.05. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $483.22 million. During the same quarter last year, the company posted $0.34 earnings per share. Range Resources Corp.’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Range Resources Corp. will post $1.92 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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