Range Resources (RRC) Receives a Hold from Raymond James
In a report issued on February 19, John Freeman from Raymond James reiterated a Hold rating on Range Resources (RRC). The company’s shares closed last Friday at $10.17, close to its 52-week high of $11.60.
According to TipRanks.com, Freeman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.2% and a 38.1% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.
Range Resources has an analyst consensus of Moderate Buy, with a price target consensus of $10.31, a -1.1% downside from current levels. In a report issued on February 8, Piper Sandler also maintained a Hold rating on the stock with a $8.00 price target.
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Range Resources’ market cap is currently $2.61B and has a P/E ratio of -1.00. The company has a Price to Book ratio of 1.60.
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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.