Research Analysts’ Recent Ratings Updates for Range Resources (RRC)

Several brokerages have updated their recommendations and price targets on shares of Range Resources (NYSE: RRC) in the last few weeks:

  • 3/19/2018 – Range Resources was given a new $24.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 3/14/2018 – Range Resources was given a new $28.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 3/9/2018 – Range Resources was given a new $17.00 price target on by analysts at B. Riley. They now have a “hold” rating on the stock.
  • 3/7/2018 – Range Resources is now covered by analysts at UBS. They set a “buy” rating and a $18.50 price target on the stock.
  • 3/1/2018 – Range Resources had its “buy” rating reaffirmed by analysts at KLR Group. They now have a $27.00 price target on the stock, up previously from $26.00.
  • 2/28/2018 – Range Resources was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.
  • 2/5/2018 – Range Resources is now covered by analysts at B. Riley. They set a “neutral” rating and a $16.00 price target on the stock.
  • 2/2/2018 – Range Resources was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/29/2018 – Range Resources had its “underperform” rating reaffirmed by analysts at Raymond James Financial.
  • 1/26/2018 – Range Resources was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Royal Bank of Canada to $28.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Credit Suisse Group AG from $24.00 to $23.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Range Resources had its price target lowered by analysts at Bank of America Corp from $23.00 to $22.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Range Resources was downgraded by analysts at Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating.
  • 1/24/2018 – Range Resources was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $11.00 price target on the stock.
  • 1/18/2018 – Range Resources was given a new $25.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.

Shares of Range Resources stock traded down $0.45 during trading on Monday, reaching $14.66. The company had a trading volume of 4,963,920 shares, compared to its average volume of 9,698,408. Range Resources Corp. has a 1-year low of $11.93 and a 1-year high of $30.30. The company has a market capitalization of $3,755.43, a P/E ratio of 10.94, a P/E/G ratio of 0.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.57 and a quick ratio of 0.54.

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Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $679.00 million during the quarter, compared to the consensus estimate of $659.71 million. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. The business’s revenue for the quarter was up 167.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. sell-side analysts anticipate that Range Resources Corp. will post 1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.02 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.55%. Range Resources’s dividend payout ratio (DPR) is presently 5.97%.

In other Range Resources news, Director Steffen E. Palko acquired 34,000 shares of Range Resources stock in a transaction on Tuesday, January 30th. The stock was purchased at an average price of $14.72 per share, for a total transaction of $500,480.00. Following the purchase, the director now directly owns 61,267 shares of the company’s stock, valued at $901,850.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.

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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