Barclays Reaffirms Their Buy Rating on Range Resources Corp

By Carrie Williams

In a report issued on December 21, Thomas Driscoll from Barclays maintained a Buy rating on Range Resources Corp (NYSE: RRC), with a price target of $19. The company’s shares closed on Friday at $16.46, close to its 52-week low of $15.33.

According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 5.2% and a 56.7% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Gulfport Energy Corp.

Currently, the analyst consensus on Range Resources Corp is Moderate Buy and the average price target is $23.33, representing a 41.7% upside.

In a report issued on December 11, Credit Suisse also initiated coverage with a Buy rating on the stock with a $24 price target.

The company has a one-year high of $36.40 and a one-year low of $15.33. Currently, Range Resources Corp has an average volume of 6.52M.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.

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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.