Range Resources Corp. Rating Reiterated by Cantor Fitzgerald (RRC)
A number of other firms have also recently commented on RRC. Analysts at Deutsche Bank cut their price target on shares of Range Resources Corp. from $100.00 to $90.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $97.77.
Shares of Range Resources Corp. (NYSE:RRC) traded down 2.74% on Wednesday, hitting $76.01. 1,820,317 shares of the company’s stock traded hands. 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 $83.57 and its 200-day moving average is $86.63. The company has a market cap of $12.823 billion and a price-to-earnings ratio of 50.98.
Range Resources Corp. (NYSE:RRC) last announced its earnings results on Monday, July 28th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Range Resources Corp. will post $1.93 earnings per share 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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