A statement released earlier today by GMP Securities about Range Resources Corporation (NYSE:RRC) bumps the target price to $47.00
- Updated: October 2, 2016
GMP Securities bumped up the target of Range Resources Corporation (NYSE:RRC) to $47.00 stating a potential upside of 0.27%.
On 9/21/2016, Credit Suisse released a statement on Range Resources Corporation (NYSE:RRC) bumped up the target price from $0.00 to $49.00 that suggested an upside of 0.34%.
Boasting a price of $36.97, Range Resources Corporation (NYSE:RRC) traded 3.17% higher on the day. With the last close down -3.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Range Resources Corporation has recorded a 50-day average of $39.53 and a two hundred day average of $39.99. Volume of trade was up over the average, with 4,425,039 shares of RRC changing hands over the typical 3,584,740
With a total market value of $0, Range Resources Corporation has with a one year low of $19.21 and a one year high of $46.96 .
A total of 32 analysts have released a research note on RRC. Eight analysts rating the company a strong buy, twelve analysts rating the company a buy, sixteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $46.16.
More About Range Resources Corporation (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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