Range Resources (NYSE:RRC) had its price target raised by stock analysts at Royal Bank of Canada from $7.00 to $15.00 in a research note issued on Monday, The Fly reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 45.63% from the stock’s current price.
RRC has been the topic of several other reports. Morgan Stanley increased their price target on shares of Range Resources from $7.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Siebert Williams Shank assumed coverage on shares of Range Resources in a research report on Monday, February 1st. They issued a “hold” rating and a $10.00 price target on the stock. Tudor Pickering upgraded shares of Range Resources from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, January 12th. Bank of America downgraded shares of Range Resources from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 6th. Finally, Zacks Investment Research downgraded shares of Range Resources from a “hold” rating to a “sell” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, November 3rd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.68.
Shares of NYSE:RRC opened at $10.30 on Monday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -1.02, a price-to-earnings-growth ratio of 1.26 and a beta of 2.71. The company has a 50-day moving average price of $9.27 and a 200-day moving average price of $7.91. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.83. Range Resources has a 12 month low of $1.61 and a 12 month high of $11.60.
Range Resources Company Profile
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company 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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