Range Resources Corp. Rating Reiterated by Barclays (RRC)
Range Resources Corp. (NYSE:RRC)‘s stock had its “underweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday. They currently have a $81.00 price objective on the stock, down from their previous price objective of $82.00. Barclays’ target price suggests a potential upside of 7.57% from the stock’s previous close.
Range Resources Corp. (NYSE:RRC) traded up 0.31% during mid-day trading on Monday, hitting $75.535. The stock had a trading volume of 176,116 shares. Range Resources Corp. has a 1-year low of $72.54 and a 1-year high of $95.41. The stock’s 50-day moving average is $82.58 and its 200-day moving average is $86.40. The company has a market cap of $12.483 billion and a P/E ratio of 49.38. Range Resources Corp. also was the target of some unusual options trading activity on Friday. Stock traders bought 9,946 call options on the company. This represents an increase of approximately 621% compared to the typical volume of 1,380 call options.
Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data 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 $1.85 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note on Thursday. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Range Resources Corp. in a research note on Thursday. They now have a $98.00 price target on the stock, down previously from $107.00. Finally, analysts at KLR Group cut their price target on shares of Range Resources Corp. from $83.00 to $1.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Range Resources Corp. currently has an average rating of “Buy” and a consensus target price of $93.09.
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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