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Wells Fargo Issues a Hold Rating on Range Resources (RRC)
In a report released today, from Wells Fargo assigned a Hold rating to Range Resources, with a price target of $45.00.
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In addition to Wells Fargo, Range Resources also received a Hold from Citi’s Paul Diamond CFA in a report issued today. However, yesterday, Stephens assigned a Buy rating to Range Resources (NYSE: RRC).
Based on Range Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $833.57 million and a net profit of $195.32 million. In comparison, last year the company earned a revenue of $699.65 million and had a net profit of $237.58 million
Read More on RRC:
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- Range Resources price target lowered to $42 from $45 at Citi
- Range Resources Leans on Exports in Earnings Call
- Range Resources: Strong Operational Results Offset by Macro Caution as Price Target Cut from $39 to $36, Supporting Hold Rating
- Range Resources price target raised to $53 from $52 at Stephens
- Range Resources reports Q2 adjusted EPS 79c, consensus 65c
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