Range Resources (NYSE:RRC) had its price target upped by UBS Group from $2.30 to $6.00 in a report published on Monday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the oil and gas exploration company’s stock.
RRC has been the topic of several other reports. Cowen cut shares of Range Resources from an outperform rating to a market perform rating and set a $2.00 target price on the stock. in a report on Wednesday, March 11th. Morgan Stanley dropped their target price on shares of Range Resources from $3.00 to $2.00 and set an underweight rating on the stock in a report on Thursday, April 30th. TD Securities dropped their target price on shares of Range Resources from $3.75 to $2.50 and set a reduce rating on the stock in a report on Monday, March 2nd. MKM Partners cut shares of Range Resources from a buy rating to a neutral rating and raised their price target for the company from $5.00 to $6.00 in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut shares of Range Resources from a neutral rating to an underweight rating in a report on Wednesday, March 25th. Seven analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Range Resources presently has a consensus rating of Hold and an average price target of $4.54.
Shares of Range Resources stock opened at $6.12 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.95. Range Resources has a 1 year low of $1.61 and a 1 year high of $8.25. The firm’s 50-day moving average is $6.03 and its two-hundred day moving average is $4.38. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -0.97 and a beta of 2.66.
Institutional investors and hedge funds have recently bought and sold shares of the business. Shelton Capital Management purchased a new position in shares of Range Resources during the 4th quarter valued at approximately $90,000. Rhumbline Advisers increased its holdings in shares of Range Resources by 6.4% during the 4th quarter. Rhumbline Advisers now owns 527,894 shares of the oil and gas exploration company’s stock valued at $2,560,000 after purchasing an additional 31,794 shares in the last quarter. Madison Asset Management LLC purchased a new position in shares of Range Resources during the 4th quarter valued at approximately $2,154,000. Comerica Bank increased its holdings in shares of Range Resources by 2.1% during the 4th quarter. Comerica Bank now owns 236,231 shares of the oil and gas exploration company’s stock valued at $711,000 after purchasing an additional 4,801 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Range Resources during the 4th quarter valued at approximately $5,351,000.
About Range Resources
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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