# Range Resources Corporation  Share Price Target ‘$35.04’, now -.3% Downside Potential

- Link: https://www.directorstalkinterviews.com/range-resources-corporation-share-price-target-35.04-now.3-downside-potential/4121150516
- Published: 2024-04-05T15:00:13+01:00
- Author: Charlotte Edwards

**Range Resources Corporation** with ticker code (RRC) have now 23 market analysts
covering the stock. The analyst consensus now points to a rating of ‘hold’. The 
target price High/Low ranges between $48.00 and $23.00 suggesting an average analyst
share price target price of $35.04. (at the time of writing). Now with the previous
closing price of $35.14 this would imply there is a potential downside of -.3%. 
Also worth taking note is the 50 day moving average now sits at $31.46 and the 200
day MA is $31.61. The total market capitalization for the company now stands at 
8.32B. The stock price for the company is currently $34.35 USD

 The potential market cap would be $8,291,947,415 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 9.62, revenue per share of $10.77
and a 12.05% 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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