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Morgan Stanley upgrades Range Resources stock rating and raises price target

Morgan Stanley upgraded Range Resources Corporation's stock rating from Underweight to Equalweight, raising the price target to $49 from $40, citing strong production growth and favorable natural gas prices. The company aims to increase production by 20% by 2027 while maintaining a disciplined capital expenditure plan of $650-$700 million. Additionally, Moody’s upgraded Range’s Corporate Family Rating to Ba1, reflecting improved leverage and operational performance, while the company announced a 12.5% increase in its quarterly cash dividend to $0.09 per share.

analysts adjust price targets for range resources amid mixed ratings

Truist Financial raised its price target on Range Resources from $31 to $35, maintaining a "hold" rating, while Stephens increased theirs from $43 to $44 with an "overweight" rating. Goldman Sachs also lifted its target from $39 to $43, giving a "neutral" rating. Currently, the stock has a consensus "Hold" rating with an average price target of $39.84, and institutional investors own nearly 99% of the shares. Range Resources recently reported a quarterly EPS of $0.68, exceeding estimates, and announced a dividend increase to $0.09 per share.

range resources price target raised amid mixed analyst ratings and market activity

Range Resources (NYSE:RRC) has seen its price target raised by UBS Group from $39.00 to $41.00, maintaining a "neutral" rating. Analysts have mixed views, with three sell ratings, eleven holds, and six buys, leading to an average rating of "Hold" and a consensus price target of $38.78. The stock traded up 0.8% to $38.77, with institutional investors holding 98.93% of shares.

Range Resources Corporation maintains neutral rating amid exploration in Appalachia

Range Resources Corporation is an independent company focused on the exploration, development, and acquisition of natural gas and oil properties, primarily in the Appalachian region, particularly the Marcellus Shale in Pennsylvania. With approximately 1,466 net producing wells and around 860,000 gross acres under lease, the company also holds unbooked resource potential in the Marcellus, Utica/Point Pleasant, and Upper Devonian formations. Its subsidiaries include several LLCs dedicated to various aspects of its operations across the continental United States.

Range Resources Corporation Upgraded to Neutral by UBS Amid Growth Potential

Range Resources Corporation is an independent company focused on the exploration, development, and acquisition of natural gas and oil properties, primarily in the Appalachian region, particularly the Marcellus Shale in Pennsylvania. With approximately 1,466 net producing wells and around 860,000 gross acres under lease, the company also holds unbooked resource potential in various formations, including the Utica/Point Pleasant and Upper Devonian. Its subsidiaries include several LLCs dedicated to different operational areas within the continental United States.
15:23 09.12.2024

UBS Upgrades Range Resources Corporation to Neutral Amid Positive Outlook

Range Resources Corporation is an independent company focused on the exploration, development, and acquisition of natural gas and oil properties, primarily in the Appalachian region, particularly the Marcellus Shale in Pennsylvania. With around 1,466 net production wells and approximately 860,000 gross acres under lease, the company has significant resource potential in the Marcellus, Utica/Point Pleasant, and Upper Devonian formations. Its subsidiaries include several LLCs dedicated to various aspects of its operations across the U.S.
15:23 09.12.2024

Range Resources Sees Increased Institutional Investment Amid Stock Rating Changes

Range Resources Corporation, an independent oil and gas company, saw significant institutional trading activity, with hedge funds increasing their stakes. UBS Group upgraded the stock to a "neutral" rating with a $35 price target, while analysts maintain an average "Hold" rating. The company reported a quarterly EPS of $0.48, exceeding estimates, and a revenue of $615.03 million, reflecting a 0.9% year-over-year increase.
15:19 09.12.2024
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