Piper Sandler analyst Mark Lear maintained a Buy rating on Range Resources (RRC – Research Report) today and set a price target of $41.00. The company’s shares closed yesterday at $34.78.
According to TipRanks, Lear is a 5-star analyst with an average return of 8.2% and a 60.13% success rate. Lear covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Vital Energy.
Range Resources has an analyst consensus of Hold, with a price target consensus of $35.40, implying a 1.78% upside from current levels. In a report released on April 11, RBC Capital also maintained a Buy rating on the stock with a $36.00 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
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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:
- Range Resources price target raised to $38 from $34 at Wells Fargo
- 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
