Jefferies Keeps a Buy Rating on Range Resources Corp (RRC)

By Ryan Adsit

In a report released today, Mark Lear from Jefferies reiterated a Buy rating on Range Resources Corp (RRCResearch Report), with a price target of $19. The company’s shares closed yesterday at $11.33.

According to TipRanks.com, Lear is ranked 0 out of 5 stars with an average return of -11.3% and a 27.1% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $16.25.

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The company has a one-year high of $18.60 and a one-year low of $9.22. Currently, Range Resources Corp has an average volume of 7.99M.

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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.