In a report released today, Roger Read from Wells Fargo maintained a Hold rating on Range Resources (RRC – Research Report), with a price target of $38.00. The company’s shares closed yesterday at $34.95.
According to TipRanks, Read is a 5-star analyst with an average return of 12.0% and a 63.77% success rate. Read covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Ovintiv.
Currently, the analyst consensus on Range Resources is a Hold with an average price target of $34.85, implying a -0.29% downside from current levels. In a report released on April 11, Scotiabank also downgraded the stock to a Hold with a $45.00 price target.
Based on Range Resources’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $609.72 million and a net profit of $49.43 million. In comparison, last year the company earned a revenue of $1.11 billion and had a net profit of $373.09 million
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 (RRC) Company Description:
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.
Read More on RRC:
- Scotiabank shakes up ratings and targets in North American natural gas
- Range Resources downgraded to Sector Perform from Outperform at Scotiabank
- Barclays starts U.S. Integrated Oil & E&P sector with Positive view
- Range Resources initiated with an Underweight at Barclays
- Range Resources price target lowered to $30 from $32 at Truist
