Recent Research Analysts’ Ratings Updates for Range Resources (RRC)

Range Resources (NYSE: RRC) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Range Resources is now covered by analysts at B. Riley. They set a “neutral” rating and a $16.00 price target on the stock.
  • 2/2/2018 – Range Resources was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/29/2018 – Range Resources had its “underperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 1/26/2018 – Range Resources was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Bank of America Corp from $23.00 to $22.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Royal Bank of Canada to $28.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Range Resources was downgraded by analysts at Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Credit Suisse Group AG from $24.00 to $23.00. They now have an “outperform” rating on the stock.
  • 1/24/2018 – Range Resources was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $11.00 price target on the stock.
  • 1/18/2018 – Range Resources was given a new $25.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 1/4/2018 – Range Resources was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 12/24/2017 – Range Resources had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $19.00 price target on the stock.

Range Resources Corp. (NYSE:RRC) opened at $12.71 on Monday. Range Resources Corp. has a twelve month low of $11.93 and a twelve month high of $34.09. The stock has a market capitalization of $3,153.85, a P/E ratio of -60.52, a price-to-earnings-growth ratio of 0.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47.

In related news, Director Steffen E. Palko purchased 34,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was bought at an average cost of $14.72 per share, with a total value of $500,480.00. Following the completion of the acquisition, the director now owns 61,267 shares of the company’s stock, valued at approximately $901,850.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Roger S. Manny sold 10,757 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total value of $176,629.94. Following the completion of the transaction, the chief financial officer now directly owns 143,703 shares of the company’s stock, valued at $2,359,603.26. The disclosure for this sale can be found here. Insiders sold 44,574 shares of company stock valued at $729,007 over the last three months. 0.42% of the stock is currently owned by corporate insiders.

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.

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