Morgan Stanley Remains a Sell on Range Resources Corp

By Ryan Adsit

In a report released today, Evan Calio from Morgan Stanley maintained a Sell rating on Range Resources Corp (NYSE: RRC), with a price target of $12. The company’s shares closed yesterday at $14.24, close to its 52-week low of $11.93.

Calio has an average return of 16.2% when recommending Range Resources Corp.

According to TipRanks.com, Calio is ranked #3884 out of 4788 analysts.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.14.

The company has a one-year high of $28.76 and a one-year low of $11.93. Currently, Range Resources Corp has an average volume of 8.93M.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RRC in relation to earlier this year.

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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.