Susquehanna Thinks Range Resources Corp’s Stock is Going to Recover

By Austin Angelo

In a report issued on February 8, Biju Perincheril from Susquehanna reiterated a Buy rating on Range Resources Corp (RRCResearch Report), with a price target of $13. The company’s shares closed yesterday at $10.35, close to its 52-week low of $9.22.

According to TipRanks.com, Perincheril is a 3-star analyst with an average return of 0.8% and a 41.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Jagged Peak Energy Inc, and Continental Resources.

Range Resources Corp has an analyst consensus of Moderate Buy, with a price target consensus of $16.31, which is a 57.6% upside from current levels. In a report issued on January 30, Jefferies also reiterated a Buy rating on the stock with a $19 price target.

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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 8.23M.

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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.