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

Range Resources (NYSE:RRC - Get Free Report) had its price objective increased by analysts at UBS Group from $39.00 to $41.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas exploration company's stock. UBS Group's target price would suggest a potential upside of 6.00% from the company's previous close.

RRC has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on shares of Range Resources from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Barclays raised their target price on Range Resources from $34.00 to $40.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Mizuho raised their target price on Range Resources from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. StockNews.com upgraded Range Resources to a "sell" rating in a research report on Wednesday, November 27th. Finally, Truist Financial raised their price target on Range Resources from $31.00 to $35.00 and gave the company a "hold" rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Range Resources currently has a consensus rating of "Hold" and an average target price of $38.78.

Range Resources Stock Performance

NYSE RRC traded down $0.12 during trading hours on Thursday, hitting $38.68. The company had a trading volume of 2,199,815 shares, compared to its average volume of 2,545,791. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The business has a fifty day simple moving average of $37.17 and a 200-day simple moving average of $33.36. The firm has a market cap of $9.33 billion, a P/E ratio of 19.54 and a beta of 1.77.

Hedge Funds Weigh In On Range Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Range Resources by 276.8% in the third quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company's stock worth $71,000 after acquiring an additional 1,694 shares in the last quarter. Creative Planning lifted its holdings in shares of Range Resources by 2.0% in the third quarter. Creative Planning now owns 56,744 shares of the oil and gas exploration company's stock valued at $1,745,000 after purchasing an additional 1,089 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Range Resources by 107.8% during the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company's stock valued at $46,000 after buying an additional 705 shares in the last quarter. Raymond James & Associates raised its position in Range Resources by 4.2% during the third quarter. Raymond James & Associates now owns 260,043 shares of the oil and gas exploration company's stock valued at $7,999,000 after buying an additional 10,391 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Range Resources by 2,976.0% in the 3rd quarter. International Assets Investment Management LLC now owns 61,520 shares of the oil and gas exploration company's stock worth $2,000,000 after acquiring an additional 59,520 shares in the last quarter. Institutional investors and hedge funds 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.