Range Resources Corporation (NYSE:RRC) has been given a $30.00 price objective by investment analysts at BMO Capital Markets in a report issued on Tuesday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target suggests a potential upside of 52.98% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Robert W. Baird cut their price objective on Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, August 11th. Scotiabank set a $35.00 price objective on Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and set a $25.00 price objective on shares of Range Resources Corporation in a research note on Tuesday. BidaskClub upgraded Range Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Piper Jaffray Companies cut their price objective on Range Resources Corporation from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Range Resources Corporation currently has an average rating of “Buy” and a consensus price target of $33.61.

Range Resources Corporation (NYSE RRC) opened at 19.61 on Tuesday. Range Resources Corporation has a 52-week low of $16.00 and a 52-week high of $39.92. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 132.50 and a beta of 0.95. The firm’s 50-day moving average price is $18.75 and its 200 day moving average price is $22.38.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $544.08 million. During the same quarter in the prior year, the firm posted ($1.35) earnings per share. Range Resources Corporation’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, equities research analysts forecast that Range Resources Corporation will post $0.50 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/11/range-resources-corporation-rrc-pt-set-at-30-00-by-bmo-capital-markets.html.

In related news, Director Steffen E. Palko purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the transaction, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Ralph Lowe purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $17.99 per share, for a total transaction of $179,900.00. Following the completion of the transaction, the director now directly owns 25,413 shares in the company, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Insiders have bought a total of 26,000 shares of company stock worth $449,800 over the last quarter. Insiders own 0.42% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Sentry Investment Management LLC raised its position in shares of Range Resources Corporation by 858.6% during the 2nd quarter. Sentry Investment Management LLC now owns 135,628 shares of the oil and gas exploration company’s stock worth $3,143,000 after purchasing an additional 121,479 shares during the period. Toronto Dominion Bank increased its position in Range Resources Corporation by 27.1% in the 2nd quarter. Toronto Dominion Bank now owns 64,474 shares of the oil and gas exploration company’s stock valued at $1,493,000 after acquiring an additional 13,740 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Range Resources Corporation by 57.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 26,545 shares of the oil and gas exploration company’s stock valued at $615,000 after acquiring an additional 9,704 shares during the period. Public Employees Retirement System of Ohio increased its position in Range Resources Corporation by 9.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 111,453 shares of the oil and gas exploration company’s stock valued at $2,582,000 after acquiring an additional 10,043 shares during the period. Finally, Kingfisher Capital LLC increased its position in Range Resources Corporation by 8.3% in the 2nd quarter. Kingfisher Capital LLC now owns 42,769 shares of the oil and gas exploration company’s stock valued at $991,000 after acquiring an additional 3,292 shares during the period. Institutional investors and hedge funds own 95.61% of the company’s stock.

About Range Resources Corporation

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.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

Receive News & Stock Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related stocks with our FREE daily email newsletter.