Stock Rating Update on the Shares of Range Resources Corp (NYSE:RRC)

Range Resources Corp (NYSE:RRC) shares traded -1.13% down during most recent session to reach at the closing price of $25.32. The stock exchanged hands 4.36 Million shares versus average trading capacity of 5.19 Million shares, yielding a market cap of $6.16 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $42.6 within the next 52-weeks. The mean target projections are based on 35 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Range Resources Corp (NYSE:RRC) high price target of $62 and with a conservative view have low price target of $27.

Wells Fargo “Upgrades” Range Resources Corp (NYSE:RRC) in a research note issued to investors on 4/28/17 to Outperform with price target of $0.

Additionally on 3/30/17 UBS “Upgrades” Range Resources Corp (NYSE:RRC) to Buy setting price target at $0 and on 2/06/17 Nomura “Upgrades” the stock to Buy at $0. Furthermore on 11/17/16 BMO Capital “Upgrades” the stock to Outperform at $44.

On the other hand the company has Relative Strength Index (RSI 14) of 36.38 along with Average True Range (ATR 14) of 0.84, Consequently Range Resources Corp (NYSE:RRC)’s weekly and monthly volatility is 3.02%, 3.17% respectively. The company’s beta value is at 1.

In terms of Buy, Sell or Hold recommendations, Range Resources Corp (NYSE:RRC) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Range Resources Corp (NYSE:RRC)’s minimum EPS for the current quarter is at $-0.12 and can go high up to $0.57. The consensus mean EPS for the current quarter is at $0.11 derived from a total of 32 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.14 earnings per share for the same quarter during last year.

Previously Range Resources Corp (NYSE:RRC) reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company posted an earnings surprise of 31.6%.

While considering growth estimates of the company, it has next quarter growth estimates of 383.3% whereas during current quarter it has 178.6% estimations over growth, comparing to the estimations of 2533.3% during current year and 41.8% for next year. Past 5 years growth of Range Resources Corp (NYSE:RRC) observed at -12.92%, looking forward for the next 5 years it has a strong prediction of 20% over growth.

Range Resources Corp (NYSE:RRC)’s revenue estimates for the current quarter are $537.14 Million according to 21 number of analysts, for the current quarter the company has high revenue estimates of $588.2 Million in contradiction of low revenue estimates of $500.39 Million. For the current year the company’s revenue estimates are $2.48 Billion compared to low analyst estimates of $2.24 Billion and high estimates of $2.71 Billion according to 26 number of analysts.

Currently Range Resources Corp (NYSE:RRC)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 93.2%. However the six-month change in the insider ownership was recorded -7.57%, as well as three-month change in the institutional ownership was recorded -0.71%.

Range Resources Corp (NYSE:RRC) 52-week high price stands at $46.88 and low price stands at $24.67, its price distance from 52-week high is -45.99% while its distance from 52-week low price is 2.63%. The stock hit its 52-week high on 06/21/16, and 52-week low on 05/04/17.

Range Resources Corp (NYSE:RRC)’s trailing twelve month revenues are $1.73 Billion, whereas its price to sales ratio for the same period is 3.6. Its book value per share for the most recent quarter is $22.82 while its price to book ratio for the same period is 1.11, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 12454.91. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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