Range Resources (NYSE:RRC) Target Raised by UBS Group AG to $6.00

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Range Resources stock has undergone multiple analysts rating changes in the recent past.  Range Resources stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $6.00. The analysts previously had $2.30 target price. UBS Group AG’s price target would indicate a potential upside of 12.15% from the stock’s previous close.

Shares of Range Resources traded up $0.38 on Monday, reaching $5.53. 100 shares of the stock traded hands, compared to its average volume of 10210326. Shares of were trading at $5.53 on Monday. The firm’s 50 day moving average is $$6.02 and its 200 day moving average is $4.27.Range Resources  has a 12 month low of $5.24 and a 12 month high of $8.25. While on yearly highs and lows, Range Resources today has traded high as $5.53 and has touched $5.24 on the downward trend.

Range Resources Earnings and What to expect: 

Range Resources last posted its quarterly earnings results on April 30th, 2020. The oil and gas exploration company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $693.90 million for the quarter, compared to analyst estimates of $608.45 million. Its revenue for the quarter was down 7.2% compared to the same quarter last year. Range Resources has generated $0.40 earnings per share over the last year. Range Resources has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for Range Resources are expected to grow in the coming year, from ($0.42) to $0.04 per share. The P/E ratio of Range Resources is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Range Resources is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Range Resources has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.85%
  • On 3/27/2020 Director James M Funk Buy 25,000 at average share price of $2.25 which equates to $56,250.00 in money value.
  • On 3/10/2020 CFO Mark Scucchi Buy 5,700 at average price of  $2.22 with total value of : Not Data Available
  • On 3/10/2020 Director Steffen E Palko Buy 903,128 at average price of  $2.20 with total value of : $1,986,881.60
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Range Resources

  • 6/25/2020 – Range Resources is now covered by analysts at Wells Fargo & Co. They set an “equal weight” rating and a $11.00 price target on the stock.
  • 5/21/2020 – Range Resources had its price target raised by analysts at Citigroup Inc from $2.50 to $6.00. They now have a “neutral” rating on the stock.
  • 5/4/2020 – Range Resources had its price target raised by analysts at Piper Sandler from $4.00 to $4.50. They now have a “neutral” rating on the stock.
  • 5/4/2020 – Range Resources was downgraded by analysts at MKM Partners from a “buy” rating to a “neutral” rating. They now have a $6.00 price target on the stock, up previously from $5.00.
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Suncor Energy had its price target raised by analysts at UBS Group AG from $24.50 to $42.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Media General had its price target raised by analysts at UBS Group AG to $4.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Cenovus Energy had its price target raised by analysts at UBS Group AG from $2.70 to $6.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Canadian Natural Resources had its price target raised by analysts at UBS Group AG from $28.00 to $37.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Range Resources (NYSE:RRC) Moving Average Technical Analysis

5 day Moving Average is $$5.55 And 5 day price change is -$0.51 (-8.44%)  with average volume for 5 day average is 13,015,900. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $6.40 and 20 day price change is -$0.70 (-11.24%) and average 20 day moving volume is 11,241,665. 50 day moving average is $6.02  and 50 day price change is $0.88 ( 18.92%)  and with average volume for 50 days is : 10,263,224. 200 day moving average is $4.27  and 200 day price change is $1.15 (26.26%)  and with average volume for 200 days is : 12,568,669.

See More Analyst Rating at: RATING