Range Resources Corporation Share Price Target ‘$34.50’, now 7.3% Upside Potential

Broker Ratings
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Range Resources Corporation with ticker code (RRC) now have 24 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $44.00 and $22.00 and has a mean share price target at $34.50. (at the time of writing). Now with the previous closing price of $32.15 and the analysts are correct then we can expect a percentage increase in value of 7.3%. It’s also worth noting that there is a 50 day moving average of $30.49 and the 200 moving average now moves to $31.22. The company has a market cap of 7.76B. The stock price for Affirm Holdings, Inc. is $32.04 USD

The potential market cap would be $8,324,560,256 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 8.97, revenue per share of $10.77 and a 12.05% 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.

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