# Range Resources Corporation – Consensus ‘buy’ rating and 2.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/range-resources-corporation-consensus-buy-rating-and-2.4-upside-potential/4121129787
- Published: 2023-10-13T13:50:24+01:00
- Author: Charlotte Edwards

**Range Resources Corporation** which can be found using ticker (RRC) now have 25
market analysts covering the stock. The analyst consensus now points to a rating
of ‘buy’. The range between the high target price and low target price is between
49 and 21 and has a mean target at $35.24. Now with the previous closing price of
$34.40 and the analysts are correct then we can expect a percentage increase in 
value of 2.4%. The 50 day MA is $32.15 and the 200 day moving average is $28.07.
The company has a market capitalization of 8.41B. The stock price for the company
is currently 34.85 USD

 The potential market cap would be $8,616,504,798 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 5.14, revenue per share of 17.16
and a 21.44% return on assets.

Range Resources Corporation is an independent natural gas and natural gas liquids
producer with operations focused on projects in the Appalachian Basin. It is engaged
in the exploration, development and acquisition of natural gas and oil properties
in the United States. Its principal area of operations is the Marcellus Shale in
Pennsylvania. Its natural gas and oil operations are concentrated in the Appalachian
region of the United States, in the Marcellus Shale in Pennsylvania. Its properties
consist of interests in developed and undeveloped natural gas and oil leases. It
owns over 1,428 net producing wells in Pennsylvania. Its reserves are primarily 
in the Marcellus Shale formation but also include the Utica and Upper Devonian formations.
It has approximately 894,000 gross acres under lease. Its subsidiaries include Range
Resources-Appalachia, LLC, Range Resources-Pine Mountain, LLC, Range Production 
Company, LLC, Range Resources-Midcontinent, LLC and Range Resources-Louisiana, Inc.

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