Range Resources Corporation (NYSE:RRC) has been assigned a $30.00 target price by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target suggests a potential upside of 72.91% from the company’s current price.

RRC has been the subject of several other research reports. Robert W. Baird cut their target price on Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Citigroup Inc. cut their target price on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Morgan Stanley cut their target price on Range Resources Corporation from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research raised Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, July 17th. Finally, Jefferies Group LLC set a $36.00 target price on Range Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.89.

Shares of Range Resources Corporation (RRC) opened at $17.35 on Tuesday. The stock has a market capitalization of $4,610.43, a P/E ratio of 51.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.64.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. Range Resources Corporation’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. equities analysts expect that Range Resources Corporation will post 0.47 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in Range Resources Corporation in the third quarter worth $34,462,000. Madison Investment Holdings Inc. raised its holdings in Range Resources Corporation by 21.2% in the third quarter. Madison Investment Holdings Inc. now owns 391,200 shares of the oil and gas exploration company’s stock worth $7,656,000 after purchasing an additional 68,300 shares in the last quarter. Earnest Partners LLC raised its holdings in Range Resources Corporation by 8.8% in the third quarter. Earnest Partners LLC now owns 249,006 shares of the oil and gas exploration company’s stock worth $4,873,000 after purchasing an additional 20,242 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Range Resources Corporation by 41.5% in the third quarter. Janus Henderson Group PLC now owns 78,681 shares of the oil and gas exploration company’s stock worth $1,540,000 after purchasing an additional 23,061 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in Range Resources Corporation by 20.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 38,764 shares of the oil and gas exploration company’s stock worth $757,000 after purchasing an additional 6,529 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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