Range Resources (NYSE:RRC)‘s stock had its “hold” rating reaffirmed by SunTrust Banks in a report released on Friday. They currently have a $20.00 price objective on the oil and gas exploration company’s stock. SunTrust Banks’ price objective suggests a potential upside of 24.38% from the stock’s current price. SunTrust Banks also issued estimates for Range Resources’ Q2 2018 earnings at ($0.08) EPS and Q4 2018 earnings at ($0.06) EPS.

Other equities analysts also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of Range Resources from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Jefferies Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of Range Resources in a research note on Tuesday, October 10th. J P Morgan Chase & Co downgraded shares of Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Monday, October 23rd. Zacks Investment Research downgraded shares of Range Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Piper Jaffray Companies lowered their price objective on shares of Range Resources from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Range Resources has a consensus rating of “Buy” and a consensus target price of $31.27.

Range Resources (NYSE RRC) opened at $16.08 on Friday. The company has a market cap of $3,957.82, a PE ratio of 44.31 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 has a one year low of $15.91 and a one year high of $39.64.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RRC. Louisiana State Employees Retirement System grew its holdings in Range Resources by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after purchasing an additional 100 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Range Resources by 21.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,704 shares of the oil and gas exploration company’s stock worth $456,000 after purchasing an additional 3,494 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Range Resources by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 38,328 shares of the oil and gas exploration company’s stock worth $888,000 after purchasing an additional 701 shares during the period. NGAM Advisors L.P. grew its holdings in Range Resources by 10.0% in the second quarter. NGAM Advisors L.P. now owns 91,314 shares of the oil and gas exploration company’s stock worth $2,116,000 after purchasing an additional 8,317 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Range Resources by 22.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,367 shares of the oil and gas exploration company’s stock worth $982,000 after purchasing an additional 7,687 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

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Range Resources Company Profile

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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