Shares of Range Resources Corp. (NYSE:RRC) have been assigned an average rating of “Hold” from the twenty-nine brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.59.
RRC has been the topic of a number of analyst reports. Barclays reiterated a “buy” rating and issued a $19.00 price target on shares of Range Resources in a report on Sunday, December 24th. Cowen set a $25.00 price target on Range Resources and gave the company a “buy” rating in a report on Thursday, January 18th. Scotiabank set a $27.00 target price on Range Resources and gave the stock a “buy” rating in a research note on Saturday, November 25th. BMO Capital Markets set a $30.00 target price on Range Resources and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, ValuEngine upgraded Range Resources from a “hold” rating to a “buy” rating in a research note on Friday, January 26th.
Shares of Range Resources (RRC) traded down $0.39 during trading hours on Tuesday, hitting $13.16. The stock had a trading volume of 7,197,577 shares, compared to its average volume of 10,069,138. Range Resources has a twelve month low of $11.93 and a twelve month high of $30.30. The stock has a market cap of $3,320.00, a P/E ratio of -62.67, a PEG ratio of 0.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47.
Several hedge funds have recently modified their holdings of RRC. Ameritas Investment Partners Inc. lifted its holdings in shares of Range Resources by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 64 shares during the period. MHI Funds LLC acquired a new position in shares of Range Resources in the 4th quarter valued at about $122,000. Jolley Asset Management LLC acquired a new position in shares of Range Resources in the 4th quarter valued at about $125,000. Koch Industries Inc. acquired a new position in shares of Range Resources in the 4th quarter valued at about $187,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Range Resources in the 4th quarter valued at about $192,000. 99.67% of the stock is owned by institutional investors and hedge funds.
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About Range Resources
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.
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