# Range Resources Corporation – Consensus ‘buy’ rating and -.7% Downside Potential

- Link: https://www.directorstalkinterviews.com/range-resources-corporation-consensus-buy-rating-and.7-downside-potential/4121131756
- Published: 2023-11-01T14:03:15+00:00
- Author: Charlotte Edwards

**Range Resources Corporation** with ticker code (RRC) now have 26 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $49.00 and $21.00 suggesting an average Analsyt target
price of $35.58. Now with the previous closing price of $35.84 this would indicate
that there is a downside of -.7%. Also worth taking note is the 50 day moving average
now sits at $32.75 and the 200 day moving average is $28.74. The company has a market
cap of 8.61B. The current share price for the company is: $35.69 USD

 The potential market cap would be $8,548,500,612 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 6.48, revenue per share of $12.95
and a 17.54% 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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