Range Resources Corporation (RRC) Receives ‘Analyst’ Rating

Range Resources Corporation (RRC) : 10 brokerage houses believe that Range Resources Corporation (RRC) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Range Resources Corporation (RRC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Range Resources Corporation (RRC) : 20 Wall Street analysts covering Range Resources Corporation (RRC) believe that the average level the stock could reach for the short term is $49.7. The maximum price target given is $62 and the minimum target for short term is around $34, hence the standard deviation is calculated at $6.37.


Also, Major Brokerage house, BMO Capital downgrades its ratings on Range Resources Corporation (NYSE:RRC). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 29, 2016.

Range Resources Corporation (NYSE:RRC): After opening at $39.29, the stock dipped to an intraday low of $38.56 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.06 and the buying power remained strong till the end. The stock closed at $39.37 for the day, a gain of 0.20% for the day session. The total traded volume was 4,564,292. The stocks close on the previous trading day was $39.29.

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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