In a report issued on December 13, Mark Lear from Jefferies reiterated a Buy rating on Range Resources Corp (RRC), with a price target of $24. The company’s shares closed on Friday at $11.74, close to its 52-week low of $11.67.
According to TipRanks.com, Lear is ranked 0 out of 5 stars with an average return of -12.2% and a 27.5% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Range Resources Corp is a Moderate Buy with an average price target of $21.67.
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The company has a one-year high of $18.60 and a one-year low of $11.67. Currently, Range Resources Corp has an average volume of 7.33M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RRC in relation to earlier this year.
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Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.
