Roth MKM analyst Leo Mariani maintained a Hold rating on Range Resources today and set a price target of $35.00. The company’s shares closed today at $36.13.
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Mariani covers the Energy sector, focusing on stocks such as EQT, California Resources Corp, and Prairie Operating Co. According to TipRanks, Mariani has an average return of 26.8% and a 62.26% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Range Resources with a $42.50 average price target, which is a 17.63% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $42.00 price target.
Based on Range Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $699.65 million and a net profit of $237.58 million. In comparison, last year the company earned a revenue of $513.24 million and had a net profit of $28.7 million
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Disclaimer & DisclosureReport an Issue
- Range Resources price target lowered to $42 from $44 at Morgan Stanley
- Range Resources price target raised to $46 from $42 at Mizuho
- Range Resources price target raised to $46 from $45 at RBC Capital
- Range Resources price target lowered to $44 from $46 at JPMorgan
- Hold Rating for Range Resources Amidst Pricing Concerns and Market Valuation
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