Jefferies Thinks Range Resources Corp’s Stock is Going to Recover

By Austin Angelo

In a report released today, Michael Hsu from Jefferies reiterated a Buy rating on Range Resources Corp (NYSE: RRC), with a price target of $38. The company’s shares opened today at $25.16, close to its 52-week low of $24.67.

According to TipRanks.com, Hsu is a 1-star analyst with an average return of -4.5% and a 31.6% success rate. Hsu covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Continental Resources, and Gulfport Energy Corp.

Currently, the analyst consensus on Range Resources Corp is Strong Buy and the average price target is $42.25, representing a 67.9% upside.

In a report issued on May 15, BMO Capital also reiterated a Buy rating on the stock with a $38 price target.

The company has a one year high of $46.96 and a one year low of $24.67. Currently, Range Resources Corp has an average volume of 5.23M.

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Range Resources Corp. is an independent natural gas and oil company, which engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions of the United States. It operates through single segment which is the exploration and production of natural gas, natural gas liquids, and oil in the United States. The company was founded in 1976 and is headquartered in Fort Worth, TX.