B.Riley FBR Thinks Range Resources Corp’s Stock is Going to Recover

By Austin Angelo

B.Riley FBR analyst Rehan Rashid reiterated a Buy rating on Range Resources Corp (RRCResearch Report) on December 21 and set a price target of $21. The company’s shares closed on Monday at $9.42, close to its 52-week low of $9.35.

According to TipRanks.com, Rashid has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.9% and a 26.9% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Lonestar Resources US, and Gulfport Energy Corp.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $21.67, representing a 130.0% upside. In a report issued on December 13, Jefferies also reiterated a Buy rating on the stock with a $24 price target.

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Range Resources Corp’s market cap is currently $2.35B and has a P/E ratio of 9.81. The company has a Price to Book ratio of 0.40.

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Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.