Range Resources Corporation (RRC) Receives Price Target

Range Resources Corporation (RRC) : The consensus price target for Range Resources Corporation (RRC) is $49.6 for the short term with a standard deviation of $6.51. The most optimist securities analyst among the 20 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $34.

Range Resources Corporation (RRC) : The consensus on Range Resources Corporation (RRC) based on 22 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the BMO Capital downgrades the rating on Range Resources Corporation (NYSE:RRC). The brokerage firm has issued a Market Perform rating 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 Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.00 and $38.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.07, notching a gain of 1.30% for the day. The total traded volume was 2,397,122 . The stock had closed at $38.57 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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