A report released today by Barclays PLC about Range Resources Corp. (NYSE:RRC) raises the target price to $34.00
- Updated: October 2, 2016
Boasting a price of $36.97, Range Resources Corp. (NYSE:RRC) traded 3.17% higher on the day. The last stock close price is down -3.11% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RRC has recorded a 50-day moving average of $39.53 and a 200-day moving average of $39.99. 4,425,039 shares of the stock traded hands, up from an average trading volume of 3,584,740
Range Resources Corp. (NYSE:RRC) had its target bumped up to $34.00 by Barclays PLC in an issued report announced Wednesday September 28, 2016. The bumped up target suggests a potential downside of -0.08% from the company's most recent stock price close.
On 09/21/2016, Credit Suisse released a statement for Range Resources Corp. (NYSE:RRC) bumped up the target price from $0.00 to $49.00 that suggested an upside of 0.34%.
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Range Resources Corp. has a 52 week low of $19.21 and a 52 week high of $46.96 Range Resources Corp.’s market capitalization is currently $0.
In addition to Barclays PLC reporting its stock price target, a total of 32 brokerages have issued a ratings update on the company. The average stock price target is $46.16 with 8 brokerages rating the stock a strong buy, 12 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Range Resources Corp. (NYSE:RRC)
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States. The Company's natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. Its reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. Its other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.
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