Range Resources (NYSE:RRC) Price Target Raised to $41.00 at UBS Group

Range Resources (NYSE:RRC) had its price objective raised by analysts at UBS Group from $39.00 to $41.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas exploration company’s stock. UBS Group’s price target would indicate a potential upside of 5.74% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Wells Fargo & Company boosted their price objective on Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler boosted their price objective on Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America upgraded Range Resources from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $45.00 in a research report on Monday, January 13th. Finally, StockNews.com upgraded Range Resources to a “sell” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus price target of $38.78.

Range Resources Trading Up 0.8 %

NYSE:RRC traded up $0.29 on Thursday, hitting $38.77. 110,187 shares of the stock were exchanged, compared to its average volume of 2,564,462. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 19.58 and a beta of 1.77. Range Resources has a 52 week low of $27.29 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The company’s 50-day moving average price is $36.99 and its 200 day moving average price is $33.24.

Institutional Investors Weigh In On Range Resources

Institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Range Resources in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its stake in Range Resources by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company’s stock valued at $37,000 after acquiring an additional 471 shares in the last quarter. UMB Bank n.a. lifted its stake in Range Resources by 59.0% in the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after acquiring an additional 426 shares in the last quarter. Headlands Technologies LLC bought a new stake in Range Resources in the 4th quarter valued at approximately $42,000. Finally, Geneos Wealth Management Inc. bought a new stake in Range Resources in the 4th quarter valued at approximately $46,000. Institutional investors own 98.93% of the company’s stock.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.