Truist Securities Maintains Hold Rating for Range Resources: Here's What You Need To Know

Truist Securities has decided to maintain its Hold rating of Range Resources RRC and raise its price target from $29.00 to $32.00.

Shares of Range Resources are trading down 1.88% over the last 24 hours, at $31.88 per share.

A move to $32.00 would account for a 0.38% increase 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.