Range Resources Corp Gets a Buy Rating from Piper Jaffray

By Ryan Adsit

Piper Jaffray analyst David Kistler reiterated a Buy rating on Range Resources Corp (NYSE: RRC) on July 15 and set a price target of $27. The company’s shares closed yesterday at $16.45.

According to TipRanks.com, Kistler is a 5-star analyst with an average return of 14.3% and a 73.5% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Continental Resources, Gulfport Energy Corp, and Black Stone Minerals.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $18.20, representing a 10.6% upside. In a report issued on July 9, RBC Capital also reiterated a Buy rating on the stock with a $20 price target.

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Range Resources Corp’s market cap is currently $4.1B and has a P/E ratio of 19.35. The company has a Price to Book ratio of 0.70.

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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.