Short Term Price Target on Range Resources Corporation (RRC)

Range Resources Corporation (NYSE:RRC) : The consensus price target for Range Resources Corporation (NYSE:RRC) is $46.33 for the short term with a standard deviation of $6.62. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $34.

Range Resources Corporation has dropped 5.06% in the last five trading days, however, the shares have posted positive gains of 0.14% in the last 4 weeks. Range Resources Corporation is up 33% in the last 3-month period. Year-to-Date the stock performance stands at 75.49%. Also, Brokerage firm Deutsche Bank maintains its rating on Range Resources Corporation (NYSE:RRC). As per the latest information, the brokerage house lowers the price target to $40 per share from a prior target of $45. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016.

Range Resources Corporation (NYSE:RRC) : The consensus on Range Resources Corporation (NYSE:RRC) based on 22 analyst recommendation on the company stock is 2.18, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Range Resources Corporation (NYSE:RRC): The stock opened at $43.75 on Thursday but the bulls could not build on the opening and the stock topped out at $44.14 for the day. The stock traded down to $42.76 during the day, due to lack of any buying support eventually closed down at $43.14 with a loss of -1.93% for the day. The stock had closed at $43.99 on the previous day. The total traded volume was 3,670,138 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Range Resources Corp, Dub Anthony V had sold 5,106 shares worth of $233,395 in a transaction dated June 21, 2016. In this transaction, 5,106 shares were sold at $45.71 per share.

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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