Range Resources Corp. (NYSE:RRC) has been upgraded to Overweight in a statement by JPMorgan Chase & Co. earlier today.
- Updated: October 6, 2016
Boasting a price of $38.45, Range Resources Corp. (NYSE:RRC) traded 1.59% higher on the day. With the last stock price close down -2.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Range Resources Corp. has recorded a 50-day average of $39.52 and a two hundred day average of $40.16. Volume of trade was down over the average, with 348,254 shares of RRC changing hands under the typical 3,612,620
JPMorgan Chase & Co. has upgraded Range Resources Corp. (NYSE:RRC) to Overweight in a statement released on 10/07/2016.
On Monday October 03, 2016, Vetr Inc. released a statement for Range Resources Corp. (NYSE:RRC) bumped up the target price from $0.00 to $43.75 that suggested an upside of 0.13%.
With a total market value of $0, Range Resources Corp. has with a one year low of $19.21 and a one year high of $46.96 .
A total of 32 equity analysts have released a research note on RRC. Eight equity analysts rating the company a strong buy, twelve equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $46.16.
More About 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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