Jefferies Group Gives Hold Rating to Range Resources (RRC)

By admin | 6 years ago

Range Resources (NYSE: RRC)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group (NYSE: JEF) in a note issued to investors on Monday.

Shares of Range Resources opened at 63.56 on Monday. Range Resources has a 52 week low of $50.55 and a 52 week high of $77.24. The company has a market cap of $10.080 billion and a P/E ratio of 251.23.

Range Resources last announced its earnings results on Wednesday, April 25th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.02. On average, analysts predict that Range Resources will post $0.24 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Brean Murray cut their price target on shares of Range Resources from $84.00 to $76.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Range Resources in a research note to investors on Friday, April 27th. Finally, analysts at Canaccord Genuity raised their price target on shares of Range Resources from $52.00 to $59.00 in a research note to investors on Friday, April 27th.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.

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