Range Resources (NYSE:RRC) had its price objective lifted by equities research analysts at UBS Group from $2.30 to $6.00 in a report released on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the oil and gas exploration company’s stock. UBS Group’s target price would indicate a potential upside of 6.57% from the company’s current price.
A number of other analysts also recently issued reports on the company. Cowen downgraded Range Resources from an “outperform” rating to a “market perform” rating and set a $2.00 price objective for the company. in a research report on Wednesday, March 11th. Piper Sandler lifted their target price on Range Resources from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Monday, May 4th. SunTrust Banks lifted their target price on Range Resources from $3.00 to $5.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Credit Suisse Group lifted their target price on Range Resources from $1.00 to $2.00 and gave the company an “underperform” rating in a research report on Friday, May 1st. Finally, MKM Partners downgraded Range Resources from a “buy” rating to a “neutral” rating and lifted their target price for the company from $5.00 to $6.00 in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.54.
NYSE RRC opened at $5.63 on Monday. Range Resources has a 52 week low of $1.61 and a 52 week high of $8.25. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $6.06 and its 200-day simple moving average is $4.37. The firm has a market cap of $1.32 billion, a PE ratio of -0.89 and a beta of 2.68.
Range Resources (NYSE:RRC) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas exploration company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. Range Resources had a positive return on equity of 0.50% and a negative net margin of 56.71%. The business had revenue of $693.90 million for the quarter, compared to analyst estimates of $608.45 million. During the same quarter in the previous year, the firm earned $0.36 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts expect that Range Resources will post -0.42 EPS for the current year.
A number of hedge funds have recently bought and sold shares of RRC. Wealth Alliance Advisory Group LLC purchased a new stake in Range Resources during the first quarter worth approximately $25,000. Pictet Asset Management Ltd. purchased a new stake in Range Resources during the first quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. purchased a new stake in Range Resources during the first quarter worth approximately $25,000. Orion Portfolio Solutions LLC purchased a new stake in Range Resources during the fourth quarter worth approximately $26,000. Finally, Cetera Advisor Networks LLC lifted its stake in Range Resources by 27.7% in the first quarter. Cetera Advisor Networks LLC now owns 14,521 shares of the oil and gas exploration company’s stock valued at $33,000 after buying an additional 3,150 shares during the last quarter.
Range Resources Company Profile
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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