Fintel reports that on September 11, 2023, Truist Securities maintained coverage of Range Resources (NYSE:RRC) with a Hold recommendation.
Analyst Price Forecast Suggests 8.44% Upside
As of August 31, 2023, the average one-year price target for Range Resources is 35.23. The forecasts range from a low of 20.20 to a high of $51.45. The average price target represents an increase of 8.44% from its latest reported closing price of 32.49.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Range Resources is 3,808MM, a decrease of 6.71%. The projected annual non-GAAP EPS is 5.15.
What is the Fund Sentiment?
There are 838 funds or institutions reporting positions in Range Resources. This is a decrease of 54 owner(s) or 6.05% in the last quarter. Average portfolio weight of all funds dedicated to RRC is 0.31%, an increase of 9.99%. Total shares owned by institutions increased in the last three months by 8.51% to 255,325K shares. 
The put/call ratio of RRC is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 22,796K shares representing 9.66% ownership of the company. In it's prior filing, the firm reported owning 3,898K shares, representing an increase of 82.90%. The firm increased its portfolio allocation in RRC by 1,264.26% over the last quarter.
TRVLX - T. Rowe Price Value Fund holds 7,416K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 1,094K shares, representing an increase of 85.24%. The firm increased its portfolio allocation in RRC by 636.14% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 7,319K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 7,455K shares, representing a decrease of 1.85%. The firm increased its portfolio allocation in RRC by 4.46% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,167K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 7,112K shares, representing an increase of 0.77%. The firm increased its portfolio allocation in RRC by 3.27% over the last quarter.
Exor Capital LLP holds 6,963K shares representing 2.95% ownership of the company. No change in the last quarter.
Range Resources Background Information
(This description is provided by the company.)
Range Resources Corporation is a leading U.S. independent natural gas and NGL producer with operations focused in stacked-pay projects in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas.
Additional reading:
- Range Announces Second Quarter 2023 Results
- Range Announces First Quarter 2023 Results
- Range Announces CEO Retirement and Succession Plan
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