Analyst Rating Update on Range Resources Corporation (RRC)

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. 11 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 23 Wall Street Analysts endorse the stock as a Buy with a rating of 2.04.

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. Also, BMO Capital downgrades its rating on Range Resources Corporation (NYSE:RRC). Analysts at the BMO Capital have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 29, 2016.


Range Resources Corporation (NYSE:RRC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.16 and $38.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.64, notching a gain of 4.39% for the day. The total traded volume was 3,009,885 . The stock had closed at $38.93 on the previous day.

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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