Shares of Range Resources Corporation (NYSE:RRC) traded today at $18.33, eclipsing its 52-week high. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 4.4 million shares.
Over the past year, Range Resources Corporation has traded in a range of $5.93 to $18.33 and is now at $18.31, 209% above that low.
Range Resources Corporation (NYSE:RRC) is currently priced 19.7% above its average consensus analyst price target of $14.70.
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2020, Range’s proved reserves totaled 17.2 trillion cubic feet equivalent, with net production of 2.2 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.
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