Northland Securities assumed coverage on shares of Range Resources (NYSE:RRC) in a report released on Monday morning, Benzinga reports. The firm issued an outperform rating and a $14.00 price objective on the oil and gas exploration company’s stock.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group assumed coverage on Range Resources in a research report on Tuesday, August 4th. They issued a sell rating and a $4.00 target price on the stock. Mizuho assumed coverage on Range Resources in a research report on Wednesday, July 22nd. They issued a neutral rating and a $5.50 target price on the stock. Wells Fargo & Company assumed coverage on Range Resources in a research report on Thursday, June 25th. They issued an equal weight rating and a $11.00 target price on the stock. Morgan Stanley boosted their target price on Range Resources from $4.00 to $7.00 and gave the stock an underweight rating in a research report on Friday, August 21st. Finally, Scotiabank boosted their target price on Range Resources from $6.25 to $7.50 and gave the stock a sector perform rating in a research report on Wednesday, August 5th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Range Resources currently has a consensus rating of Hold and a consensus price target of $5.87.

Shares of Range Resources stock opened at $7.68 on Monday. The stock’s 50-day simple moving average is $7.64 and its 200-day simple moving average is $5.69. Range Resources has a 52 week low of $1.61 and a 52 week high of $9.37. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -1.04 and a beta of 2.81. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.36.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.07. The business had revenue of $376.55 million for the quarter, compared to the consensus estimate of $492.64 million. Range Resources had a negative return on equity of 0.43% and a negative net margin of 79.81%. The business’s revenue was down 55.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. On average, equities analysts expect that Range Resources will post -0.06 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of Range Resources during the second quarter valued at approximately $31,000. Macquarie Group Ltd. bought a new position in shares of Range Resources during the second quarter valued at approximately $49,000. Fox Run Management L.L.C. bought a new position in shares of Range Resources during the second quarter valued at approximately $58,000. HBK Sorce Advisory LLC bought a new position in shares of Range Resources during the second quarter valued at approximately $59,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Range Resources during the first quarter valued at approximately $25,000.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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Analyst Recommendations for Range Resources (NYSE:RRC)

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