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Piper Jaffray Sticks to Its Buy Rating for Range Resources Corp (RRC)


Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on Range Resources Corp (NYSE: RRC) on October 7 and set a price target of $22. The company’s shares closed yesterday at $17.91.

According to TipRanks.com, Harrison is a 3-star analyst with an average return of 4.1% and a 56.1% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Continental Resources.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $19.33, representing a 7.9% upside. In a report issued on October 1, Guggenheim also reiterated a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $20.28 and a one-year low of $11.93. Currently, Range Resources Corp has an average volume of 5.72M.

Based on the recent corporate insider activity of 51 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.