Range Resources Corporation with ticker code (RRC) have now 25 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 34 and 21 with the average target price sitting at 26.8. Now with the previous closing price of 18.47 this indicates there is a potential upside of 45.1%. The day 50 moving average is 19.74 and the 200 moving average now moves to 17.16. The company has a market capitalisation of $4,578m. Visit the company website at: https://www.rangeresources.com
The potential market cap would be $6,642m based on the market concensus.
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. As of December 31, 2020, the company owned and operated 1,310 net producing wells and approximately 781,000 net acres under lease located in the Appalachian region of the northeastern United States. 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 and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.
