Range Resources Corporation (RRC) Shares are Up 4.26%

Range Resources Corporation (RRC) has been under a strong bear grip, hence the stock is down -2.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.29% in the past 1 week. The stock has risen by 4.26% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.77% in the past 4 weeks.

Range Resources Corporation is up 0.1% in the last 3-month period. Year-to-Date the stock performance stands at 64.35%. The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 4.18%.


Range Resources Corporation (NYSE:RRC): The stock opened at $40.53 on Friday but the bulls could not build on the opening and the stock topped out at $40.85 for the day. The stock traded down to $39.62 during the day, due to lack of any buying support eventually closed down at $40.40 with a loss of -0.96% for the day. The stock had closed at $40.79 on the previous day. The total traded volume was 3,036,465 shares.

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 (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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