Price Target Update on Range Resources Corporation (NYSE:RRC)

Range Resources Corporation (NYSE:RRC) : The highest short term price target forecast on Range Resources Corporation (NYSE:RRC) is $62 and the lowest target price is $34. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $46.33 with a standard deviation of $6.62.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Range Resources Corporation (NYSE:RRC). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $45 per share to $40 per share. The rating by the firm was issued on June 14, 2016.

Range Resources Corporation (NYSE:RRC): On Thursdays trading session , Opening price of the stock was $45.73 with an intraday high of $46.22. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.17. However, the stock managed to close at $45.44, a loss of 0.02% for the day. On the previous day, the stock had closed at $45.45. The total traded volume of the day was 2,586,491 shares.

The company shares have dropped -10.95% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $51.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.69 and the 200 Day Moving Average price is recorded at $32.66. On the companys insider trading activities,The officer (Sr. VP & General Counsel) of Range Resources Corp, Poole David P sold 8,942 shares at $43 on May 25, 2016. The Insider selling transaction had a total value worth of $384,506. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Midcontinent regions of the United States. The Companys properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and, to a lesser extent, royalty and overriding royalty interests. The Companys activities in the Midcontinent region include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.

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