Brokerage Firm Rating on Range Resources Corporation (RRC)

Range Resources Corporation (RRC) : The consensus on Range Resources Corporation (RRC) based on 23 analyst recommendation on the company stock is 2.04, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 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. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Range Resources Corporation (RRC) : 21 investment research analysts covering Range Resources Corporation (RRC) have an average price target of $49.24 for the near short term. The highest target price given by the Brokerage Firm to the stock is $62 and the lowest target is $34 for the short term. Analysts expect the variance to be within $6.08 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Range Resources Corporation (NYSE:RRC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.32 and $37.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.51, notching a gain of 0.92% for the day. The total traded volume was 3,095,309 . The stock had closed at $38.16 on the previous day.

In a related news,The director of Range Resources Corp, Dub Anthony V sold 5,106 shares at $45.71 on June 21, 2016. The Insider selling transaction had a total value worth of $233,395. 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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