Range Resources Corp. Receives Consensus Rating of “Buy” from Brokerages (NYSE:RRC)
Range Resources Corp. (NYSE:RRC) has been given a consensus recommendation of “Buy” by the twenty-six brokerages that are currently covering the company, ARN reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on 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.
Shares of Range Resources Corp. (NYSE:RRC) opened at 78.59 on Thursday. 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 $77.09 and a 200-day moving average of $85.21. The company has a market cap of $12.987 billion and a P/E ratio of 51.31.
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. On average, analysts predict that Range Resources Corp. will post $1.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.20%.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.