Range Resources Corporation (NYSE:RRC) target bumped up to $34.00, released a ratings update today by Barclays Capital
- Updated: October 2, 2016
Yesterday Range Resources Corporation (NYSE:RRC) traded 3.17% higher at $36.97. The company’s 50-day moving average is $39.53 and its 200-day moving average is $39.99. The last stock close price is down -3.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,425,039 shares of the stock were exchanged, up from an average trading volume of 3,584,740
Range Resources Corporation (NYSE:RRC) had its target price raised to $34.00 by Barclays Capital in a report released 09/28/2016. The new target price indicates a possible downside of -0.08% based on the company's last stock close price.
Previously on Wednesday September 21, 2016, Credit Suisse reported about Range Resources Corporation (NYSE:RRC) raised the target price from $0.00 to $49.00. At the time, this indicated a possible upside of 0.34%.
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Range Resources Corporation has a 52 week low of $19.21 and a 52 week high of $46.96 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 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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