Range Resources Corporation – Consensus Indicates Potential 29.9% Upside

Broker Ratings

Range Resources Corporation with ticker code (RRC) have now 23 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 48 and 24 with a mean TP of 32.91. Now with the previous closing price of 25.34 this is indicating there is a potential upside of 29.9%. There is a 50 day moving average of 25.23 and the 200 moving average now moves to 28.44. The market cap for the company is $5,654m. Company Website: https://www.rangeresources.com

The potential market cap would be $7,343m based on the market concensus.

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Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

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