Range Resources (NYSE:RRC) PT decreased to $31.00

Range Resources (NYSE:RRC – Get Free Report) The price target was lowered by stock analysts at Susquehanna from $36.00 to $31.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas exploration company’s stock. Susquehanna’s price objective would indicate a potential upside of 9.31% from the stock’s current price.

A number of other research analysts have also issued reports on RRC. Royal Bank of Canada reiterated a “sector perform” rating and set a $39.00 target price on shares of Range Resources in a research report on Thursday, July 25th. Benchmark reiterated a “hold” rating on shares of Range Resources in a research report on Wednesday, July 24th. Wolfe Research initiated coverage on shares of Range Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Jefferies Financial Group boosted their price objective on shares of Range Resources from $34.00 to $35.00 and gave the company a “hold” rating in a report on Monday, July 8th. Finally, Wells Fargo & Company decreased their price target on Range Resources from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, July 29th . Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.83.

Check out our latest analysis on RRC

Range Resources Price Performance

Shares of RRC stock opened at $28.36 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58, and a quick ratio of 0.58. The company has a market cap of $6.88 billion, a P/E ratio of 14.40 and a beta of 1.88. Range Resources has a 12-month low of $27.29 and a 12-month high of $39.33. The stock has a fifty day moving average price of $31.44 and a 200 day moving average price of $33.67.

Range Resources (NYSE:RRC – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The oil and gas exploration company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $641.30 million during the quarter, compared to analysts’ expectations of $610.24 million. Range Resources had a net margin of 17.62% and a return on equity of 13.93%. Range Resources’s quarterly revenue was up 8.7% on a year-over-year basis. In the same quarter last year, the firm earned $0.27 EPS. On average, research analysts predict that Range Resources will post 2.08 earnings per share for the current year.

Institutional marketing of range resources

Large investors have recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its holdings in shares of Range Resources by 302,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 21,187 shares of the oil and gas exploration company’s stock valued at $645,000 after purchasing an additional 21,180 shares during the last quarter. DRW Securities LLC raised its stake in Range Resources by 150.0% during the 4th quarter. DRW Securities LLC now owns 50,000 shares of the oil and gas exploration company’s stock valued at $1,522,000 after acquired another 30,000 shares in the last quarter. Norden Group LLC boosted its holdings in shares of Range Resources by 1,599.9% in the first quarter. Norden Group LLC now owns 149,697 shares of the oil and gas exploration company’s stock valued at $5,154,000 after purchasing an additional 140,891 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Range Resources by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,931,670 shares of the oil and gas exploration company’s stock worth $180,568,000 after buying an additional 90,028 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Range Resources by 11.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 159,729 shares of the oil and gas exploration company’s stock worth $5,499,000 after buying an additional 16,619 shares during the period. 98.93% of shares are owned by institutional investors and hedge funds.

About Range Resources

(Get a free report)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGL), crude oil and condensate company in the United States. The Company engages in the exploration, development and acquisition of natural gas and crude oil properties located in the Appalachian region. Sells natural gas to utilities, marketing and midstream companies and industrial users; NGL to petrochemical end users, traders/traders and natural gas processors; and oil and condensate to crude processors, transporters and refining and marketing companies.

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