Range Resources Corporation with ticker code (RRC) have now 22 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 45 and 21 with the average target price sitting at $32.45. Given that the stocks previous close was at $24.68 this indicates there is a potential upside of 31.5%. Also worth taking note is the 50 day moving average now sits at $25.30 and the 200 moving average now moves to $27.69. The market cap for the company is $6,030m. You can visit the company’s website by visiting: https://www.rangeresources.com
The potential market cap would be $7,928m based on the market consensus.
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. The company was founded in 1976 and is headquartered in Fort Worth, Texas.
The company has a dividend yield of 1.3% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.19, revenue per share of 22.15 and a 16.09% return on assets.
