Stephens Forecasts Strong Price Appreciation for Range Resources (NYSE:RRC) Stock

Range Resources (NYSE:RRCGet Free Report) had its target price hoisted by investment analysts at Stephens from $39.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas exploration company’s stock. Stephens’ price objective would indicate a potential upside of 14.62% from the company’s previous close.

A number of other equities analysts have also recently weighed in on RRC. Piper Sandler boosted their price target on Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group upgraded Range Resources from a “sell” rating to a “neutral” rating and boosted their price target for the company from $28.00 to $35.00 in a report on Monday, December 9th. StockNews.com upgraded Range Resources to a “sell” rating in a report on Wednesday, November 27th. Mizuho boosted their target price on shares of Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Range Resources currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Get Our Latest Stock Report on Range Resources

Range Resources Stock Down 0.2 %

Range Resources stock opened at $37.52 on Wednesday. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 18.95 and a beta of 1.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The stock’s fifty day moving average is $36.51 and its two-hundred day moving average is $32.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of Range Resources by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,719 shares of the oil and gas exploration company’s stock worth $3,243,000 after purchasing an additional 8,969 shares in the last quarter. Algert Global LLC bought a new position in Range Resources in the second quarter worth $818,000. Creative Planning boosted its stake in Range Resources by 5.3% during the second quarter. Creative Planning now owns 55,655 shares of the oil and gas exploration company’s stock worth $1,866,000 after buying an additional 2,792 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Range Resources in the 2nd quarter valued at $486,000. Finally, SG Americas Securities LLC raised its stake in shares of Range Resources by 853.0% in the 3rd quarter. SG Americas Securities LLC now owns 198,520 shares of the oil and gas exploration company’s stock valued at $6,106,000 after buying an additional 177,689 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

About Range Resources

(Get Free Report)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), 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. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.

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Analyst Recommendations for Range Resources (NYSE:RRC)

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