Equities research analysts at Credit Suisse Group assumed coverage on shares of Range Resources (NYSE:RRC) in a report released on Monday. The brokerage set an “outperform” rating and a $24.00 price target on the oil and gas exploration company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 46.79% from the company’s current price.

Several other brokerages have also issued reports on RRC. KeyCorp reaffirmed a “hold” rating on shares of Range Resources in a research report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a $25.00 target price on shares of Range Resources in a research report on Tuesday, October 10th. BMO Capital Markets set a $30.00 price objective on Range Resources and gave the stock a “buy” rating in a report on Tuesday, October 10th. Scotiabank set a $27.00 price objective on Range Resources and gave the stock a “buy” rating in a report on Saturday, November 25th. Finally, Cowen reissued a “buy” rating and issued a $35.00 price objective on shares of Range Resources in a report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.98.

Shares of Range Resources (RRC) opened at $16.35 on Monday. Range Resources has a 12-month low of $15.91 and a 12-month high of $36.89. The stock has a market capitalization of $3,990.08, a price-to-earnings ratio of 44.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. The firm had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. During the same period last year, the firm posted ($0.06) EPS. The business’s revenue was up 16.7% compared to the same quarter last year. sell-side analysts predict that Range Resources will post 0.48 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of RRC. State Street Corp grew its holdings in Range Resources by 15.0% during the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock valued at $321,059,000 after buying an additional 1,805,404 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Range Resources during the 3rd quarter valued at about $34,462,000. UBS Oconnor LLC grew its holdings in Range Resources by 246.9% during the 2nd quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock valued at $52,680,000 after buying an additional 1,618,250 shares in the last quarter. Vanguard Group Inc. grew its holdings in Range Resources by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock valued at $537,603,000 after buying an additional 976,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Range Resources by 72.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,322,750 shares of the oil and gas exploration company’s stock valued at $53,825,000 after buying an additional 973,814 shares in the last quarter. 95.72% of the stock is owned by institutional investors and hedge funds.

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About Range Resources

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.

Analyst Recommendations for Range Resources (NYSE:RRC)

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