Range Resources Corporation (RRC): Price Target and June Short Interest Disclosure

Range Resources Corporation (RRC) : 19 Wall Street analysts covering Range Resources Corporation (RRC) believe that the average level the stock could reach for the short term is $47.42. The maximum price target given is $62 and the minimum target for short term is around $34, hence the standard deviation is calculated at $6.66.

Range Resources Corporation (RRC) encountered a drop of 1.9% or -401,005 shares in the short positions. The number dropped from 21,119,272 on June 15,2016 to 20,718,267 on June 30,2016. The final interest is 12.5% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 3,609,389 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Stifel Nicolaus upgrades its rating on Range Resources Corporation (NYSE:RRC).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on July 8, 2016.


Range Resources Corporation (NYSE:RRC): On Thursdays trading session , Opening price of the stock was $45.07 with an intraday high of $45.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $42.7212. However, the stock managed to close at $43.02, a loss of 2.43% for the day. On the previous day, the stock had closed at $44.09. The total traded volume of the day was 3,035,801 shares.

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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