1 day Ago By ABMN Staff
Range Resources ( NYSE:RRC – Get Free Report ) had its target price decreased by Mizuho from $47.00 to $45.00 in a report issued on Monday, Benzinga reports.
The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Mizuho’s price objective points to a potential upside of 52.41% from the stock’s previous close.
RRC has been the topic of a number of other research reports. Piper Sandler downgraded Range Resources from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $31.
00 in a research report on Thursday, August 15th. Wolfe Research initiated coverage on Range Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock.
Jefferies Financial Group raised their target price on Range Resources from $34.00 to $35.00 and gave the company a “hold” rating in a research report on Monday, July 8th.
Scotiabank upgraded Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 target price on the stock in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company decreased their target price on Range Resources from $37.
00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock.
According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.58. Read Our Latest Research Report on RRC Range Resources Price Performance Range Resources ( NYSE:RRC – Get Free Report ) last issued its earnings results on Tuesday, July 23rd.
The oil and gas exploration company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.
05. The firm had revenue of $641.30 million for the quarter, compared to the consensus estimate of $610.
24 million. Range Resources had a return on equity of 13.93% and a net margin of 17.
62%. The company’s revenue was up 8.7% compared to the same quarter last year.
During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts predict that Range Resources will post 2.
07 EPS for the current year. Institutional Trading of Range Resources A number of hedge funds and other institutional investors have recently made changes to their positions in RRC. TFO Wealth Partners LLC increased its position in Range Resources by 302,571.
4% in the 4th quarter. TFO Wealth Partners LLC now owns 21,187 shares of the oil and gas exploration company’s stock valued at $645,000 after acquiring an additional 21,180 shares during the period. DRW Securities LLC increased its position in Range Resources by 150.
0% in the 4th quarter. DRW Securities LLC now owns 50,000 shares of the oil and gas exploration company’s stock valued at $1,522,000 after acquiring an additional 30,000 shares during the period. Norden Group LLC increased its position in Range Resources by 1,599.
9% in the 1st quarter. Norden Group LLC now owns 149,697 shares of the oil and gas exploration company’s stock valued at $5,154,000 after acquiring an additional 140,891 shares during the period. State Board of Administration of Florida Retirement System increased its position in Range Resources by 11.
6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 159,729 shares of the oil and gas exploration company’s stock worth $5,499,000 after purchasing an additional 16,619 shares during the period. Finally, Bridgewater Associates LP increased its position in Range Resources by 39.
1% during the 4th quarter. Bridgewater Associates LP now owns 528,042 shares of the oil and gas exploration company’s stock worth $16,074,000 after purchasing an additional 148,550 shares during the period. Institutional investors and hedge funds own 98.
93% of the company’s stock. Range Resources Company Profile ( Get Free Report ) Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region.
It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. Read More 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 .
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