BMO Capital Markets set a $30.00 price target on Range Resources Corporation (NYSE:RRC) in a report published on Tuesday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

RRC has been the subject of a number of other reports. Robert W. Baird reduced their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a neutral rating for the company in a report on Friday, August 11th. Citigroup Inc. reduced their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a buy rating for the company in a report on Friday, July 21st. Morgan Stanley reduced their target price on shares of Range Resources Corporation from $19.00 to $18.00 and set an equal weight rating for the company in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Range Resources Corporation from a hold rating to a buy rating and set a $25.00 target price for the company in a report on Monday, July 17th. Finally, Jefferies Group LLC set a $36.00 target price on shares of Range Resources Corporation and gave the stock a buy rating in a report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $31.89.

Range Resources Corporation (NYSE RRC) traded up $0.83 during trading on Tuesday, hitting $18.03. 7,812,341 shares of the stock traded hands, compared to its average volume of 5,899,543. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4,270.00, a PE ratio of 48.19 and a beta of 0.91. Range Resources Corporation has a twelve month low of $15.99 and a twelve month high of $39.64.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. equities research analysts forecast that Range Resources Corporation will post 0.47 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of RRC. State Street Corp grew its position in Range Resources Corporation by 15.0% in the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after purchasing an additional 1,805,404 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Range Resources Corporation in the 3rd quarter worth $34,462,000. UBS Oconnor LLC grew its position in Range Resources Corporation by 246.9% in the 2nd quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock worth $52,680,000 after purchasing an additional 1,618,250 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Range Resources Corporation by 1,318.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration company’s stock worth $34,800,000 after purchasing an additional 1,395,999 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Range Resources Corporation by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares during the last quarter. Institutional investors own 95.81% 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)

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