News articles about Range Resources Corporation (NYSE:RRC) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Range Resources Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the oil and gas exploration company an impact score of 47.8437246162744 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
A number of analysts have recently commented on RRC shares. Goldman Sachs Group, Inc. (The) lowered Range Resources Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $20.50 in a research note on Friday, September 8th. Citigroup Inc. cut their target price on Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Jefferies Group LLC set a $36.00 price objective on Range Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, July 17th. Finally, BMO Capital Markets decreased their price objective on Range Resources Corporation from $35.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.89.
Shares of Range Resources Corporation (NYSE RRC) traded up $0.33 during mid-day trading on Friday, reaching $19.23. 6,383,900 shares of the company’s stock were exchanged, compared to its average volume of 5,883,533. Range Resources Corporation has a 1 year low of $15.99 and a 1 year high of $39.64. The company has a market capitalization of $4,689.83, a PE ratio of 52.50 and a beta of 0.91. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72.
Range Resources Corporation (NYSE:RRC) last posted its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. analysts forecast that Range Resources Corporation will post 0.47 EPS for the current year.
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Range Resources Corporation Company Profile
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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