Brokerage Firm Rating Update on Range Resources Corporation (RRC)

Range Resources Corporation (RRC) has an average broker rating of 2, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Range Resources Corporation (RRC) : The highest level Range Resources Corporation (RRC) is projected to reach is $62 for the short term and the lowest estimate is at $34. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $49.6 and the possibility the share price can swing is $6.51.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, BMO Capital downgrades its rating on Range Resources Corporation (NYSE:RRC).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 29, 2016.

Range Resources Corporation (NYSE:RRC): The stock opened at $42.5 and touched an intraday high of $42.5 on Wednesday. During the day, the stock corrected to an intraday low of $41.34, however, the bulls stepped in and pushed the price higher to close in the green at $41.81 with a gain of 0.55% for the day. The total traded volume for the day was 2,333,318. The stock had closed at $41.58 in the previous trading session.

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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