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Range Resources Corp.’s Hold Rating Reaffirmed at TheStreet (RRC)

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Range Resources Corp. logoTheStreet reaffirmed their hold rating on shares of Range Resources Corp. (NYSE:RRC) in a report released on Friday, Analyst Ratings Network.com reports.

“Range Resources Corporation (RRC) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.,” TheStreet’s analyst wrote.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of Range Resources Corp. from an overweight rating to an equal weight rating in a research note to investors on Thursday, July 18th. They now have a $88.00 price target on the stock, up previously from $85.00. Separately, analysts at Macquarie reiterated an outperform rating on shares of Range Resources Corp. in a research note to investors on Friday, July 12th. They now have a $91.00 price target on the stock. Finally, analysts at Beaufort Securities reiterated a speculative buy rating on shares of Range Resources Corp. in a research note to investors on Wednesday, July 10th.

Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $83.55.

Shares of Range Resources Corp. (NYSE: RRC) traded down 0.90% during mid-day trading on Friday, hitting $77.28. Range Resources Corp. has a one year low of $58.76 and a one year high of $83.15. The stock’s 50-day moving average is currently $77.0. The company’s market cap is $12.358 billion.

Range Resources Corporation (NYSE: RRC) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.


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