In a report released yesterday, Scotia Capital from Scotiabank maintained a Hold rating on Range Resources (RRC), with a price target of $7.50. The company’s shares closed last Wednesday at $7.79, close to its 52-week high of $8.25.
The word on The Street in general, suggests a Hold analyst consensus rating for Range Resources with a $6.33 average price target, implying a -18.3% downside from current levels. In a report issued on July 22, Mizuho Securities also initiated coverage with a Hold rating on the stock with a $5.50 price target.
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The company has a one-year high of $8.25 and a one-year low of $1.61. Currently, Range Resources has an average volume of 8.36M.
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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.
