Range Resources (RRC) Now Covered by Credit Suisse Group
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.
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.
ILLEGAL ACTIVITY NOTICE: “Range Resources (RRC) Now Covered by Credit Suisse Group” was published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/range-resources-rrc-now-covered-by-credit-suisse-group/1760420.html.
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.
Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.