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Barclays Capital announced Range Resources Corporation (NYSE:RRC), bumping up its stock price target to $24.00 today

In a report released on 10/11/2017 Barclays Capital increased the stock price target of Range Resources Corporation (NYSE:RRC) from $18.00 to $24.00 indicating a possible upside of 0.21%.

Yesterday Range Resources Corporation (NYSE:RRC) traded 0.56% higher at $19.80. The company’s 50-day moving average is $18.75 and its 200-day moving average is $22.38. The last stock close price is down -11.89% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,582,052 shares of the stock were exchanged, down from an average trading volume of 7,022,120

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Range Resources Corporation (NYSE:RRC)

Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.92 with a P/E ratio of 151.69 The company’s market cap is currently $0.

In addition to Barclays Capital reporting its target price, a total of 32 firms have reported on the stock. The consensus target price is $46.16 with 8 firms rating the stock a strong buy, 12 firms rating the stock a buy, 16 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Range Resources Corporation (NYSE:RRC)

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. Its principal areas of operation are the Marcellus Shale of Pennsylvania and the Lower Cotton Valley formation of North Louisiana. Its properties consist of interests in developed and undeveloped natural gas and oil leases. Its properties in the Appalachian region are located in the Appalachian Basin in the northeastern United States, predominantly in Pennsylvania. The Company's other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of Western Oklahoma and the Nemaha Uplift of Northern Oklahoma and Kansas.

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