Range Resources Corp. (RRC) is Resumed by Credit Suisse to Outperform, Price Target at $49

Range Resources Corp. (RRC) was Resumed by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $49. Credit Suisse advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on Range Resources Corp.. Range Resources Corp. was Upgraded by KLR Group to ” Buy” on Jul 28, 2016. Company shares were Upgraded by Imperial Capital on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Stifel Upgraded Range Resources Corp. on Jul 8, 2016 to ” Buy”, Price Target of the shares are set at $52.

On the company’s financial health, Range Resources Corp. reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.19. The company had revenue of $331.40 million for the quarter, compared to analysts expectations of $319.11 million. The company’s revenue was down -28.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.

Range Resources Corp. closed down -0.57 points or -1.53% at $36.58 with 71,09,460 shares getting traded on Tuesday. Post opening the session at $37.53, the shares hit an intraday low of $36.58 and an intraday high of $37.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 19, 2016, Ray N Jr Walker (EVP and COO) sold 13,350 shares at $37.64 per share price. According to the SEC, on Jun 23, 2016, Anthony V Dub (director) sold 5,106 shares at $45.71 per share price. On May 27, 2016, David P Poole (Sr. VP & General Counsel) sold 8,942 shares at $43.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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.

Range Resources Corp.

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