BMO Capital Markets Analysts Give Range Resources Corporation (RRC) a $30.00 Price Target

BMO Capital Markets set a $30.00 target price on Range Resources Corporation (NYSE:RRC) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

RRC has been the subject of several other research reports. KeyCorp reissued a hold rating on shares of Range Resources Corporation in a research report on Monday. Robert W. Baird lowered their price objective on shares of Range Resources Corporation from $29.00 to $22.00 and set a neutral rating for the company in a research report on Friday, August 11th. Barclays PLC reissued an underweight rating and set a $18.00 price objective (down previously from $20.00) on shares of Range Resources Corporation in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a buy rating and set a $20.00 price objective on shares of Range Resources Corporation in a research report on Thursday, August 10th. Finally, Citigroup Inc. lowered their price objective on shares of Range Resources Corporation from $34.00 to $30.00 and set a buy rating for the company in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Range Resources Corporation has a consensus rating of Buy and a consensus price target of $31.89.

Shares of Range Resources Corporation (NYSE:RRC) traded up $0.83 during trading hours on Tuesday, reaching $18.03. 7,819,832 shares of the company’s stock traded hands, compared to its average volume of 5,899,543. Range Resources Corporation has a 1 year low of $15.99 and a 1 year high of $39.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The company has a market capitalization of $4,270.00, a P/E ratio of 48.19 and a beta of 0.91.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. equities analysts forecast that Range Resources Corporation will post 0.47 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Range Resources Corporation by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 64 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Range Resources Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after buying an additional 100 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of Range Resources Corporation by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock worth $2,114,000 after buying an additional 305 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Range Resources Corporation by 1.3% during the 2nd quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock worth $639,000 after buying an additional 360 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of Range Resources Corporation by 5.6% during the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after buying an additional 412 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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