Morgan Stanley Maintains Underweight Rating for Range Resources: Here's What You Need To Know

Morgan Stanley has decided to maintain its Underweight rating of Range Resources RRC and lower its price target from $24.00 to $21.00.

Shares of Range Resources are trading up 0.37% over the last 24 hours, at $24.56 per share.

A move to $21.00 would account for a 14.5% decline from the current share price.

About Range Resources

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 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.


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