Raymond James Sticks to Their Hold Rating for Range Resources (RRC)

By Austin Angelo

Raymond James analyst John Freeman reiterated a Hold rating on Range Resources (RRCResearch Report) on February 19. The company’s shares closed last Friday at $10.17, close to its 52-week high of $11.60.

According to TipRanks.com, Freeman has 0 stars on 0-5 stars ranking scale with an average return of -3.2% and a 38.1% success rate. Freeman covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Continental Resources, and Northern Oil And Gas.

Currently, the analyst consensus on Range Resources is a Moderate Buy with an average price target of $10.83, representing a 3.9% upside. In a report issued on February 8, Piper Sandler also maintained a Hold rating on the stock with a $8.00 price target.

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Range Resources’ market cap is currently $2.61B and has a P/E ratio of -1.00. The company has a Price to Book ratio of 1.60.

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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.