Range Resources Corporation which can be found using ticker (RRC) have now 24 market analysts covering the stock. The analyst consensus now points to a rating of ‘hold’. The target price High/Low ranges between $48.00 and $30.00 calculating the mean target price we have $38.21. Given that the stocks previous close was at $36.97 and the analysts are correct then there would likely be a percentage uptick in value of 3.4%. It’s also worth noting that there is a 50 day moving average of $34.63 while the 200 day moving average is $32.48. The company has a market cap of 8.96B. The stock price is currently at: $36.91 USD
The potential market cap would be $9,255,732,561 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 18.46, revenue per share of $8.45 and a 7.3% return on assets.
Range Resources Corporation is an independent natural gas and natural gas liquids producer with operations focused on projects in the Appalachian Basin. It is engaged in the exploration, development and acquisition of natural gas and oil properties in the United States. Its principal area of operations is the Marcellus Shale in Pennsylvania. Its natural gas and oil operations are concentrated in the Appalachian region of the United States, in the Marcellus Shale in Pennsylvania. Its properties consist of interests in developed and undeveloped natural gas and oil leases. It owns over 1,428 net producing wells in Pennsylvania. Its reserves are primarily in the Marcellus Shale formation but also include the Utica and Upper Devonian formations. It has approximately 894,000 gross acres under lease. Its subsidiaries include Range Resources-Appalachia, LLC, Range Resources-Pine Mountain, LLC, Range Production Company, LLC, Range Resources-Midcontinent, LLC and Range Resources-Louisiana, Inc.
