Range Resources Corp. Receives Consensus Rating of “Buy” from Brokerages (NYSE:RRC)
Range Resources Corp. (NYSE:RRC) has earned an average recommendation of “Buy” from the twenty-six analysts that are covering the stock, AnalystRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $97.24.
A number of analysts have recently weighed in on RRC shares. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Range Resources Corp. in a research note on Thursday, August 14th. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Range Resources Corp. in a research note on Monday, August 4th. They now have a $81.00 price target on the stock, down previously from $82.00. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note on Thursday, July 31st.
Range Resources Corp. (NYSE:RRC) traded up 0.32% during mid-day trading on Thursday, hitting $78.268. The stock had a trading volume of 95,373 shares. Range Resources Corp. has a 1-year low of $72.54 and a 1-year high of $95.41. The stock has a 50-day moving average of $77.54 and a 200-day moving average of $85.3. The company has a market cap of $12.934 billion and a P/E ratio of 51.16.
Range Resources Corp. (NYSE:RRC) last announced its earnings results 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 in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Range Resources Corp. will post $1.77 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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