Investment analysts at Barclays Capital boosted their target price on shares of Range Resources (NYSE: RRC) from $52.00 to $58.00 in a note issued to investors on Monday. The firm currently has an “equal weight” rating on the stock.

Shares of Range Resources traded up 0.61% during mid-day trading on Monday, hitting $79.32. Range Resources has a 52 week low of $53.09 and a 52 week high of $79.75. The stock’s 50-day moving average is currently $71.54. The company has a market cap of $12.643 billion and a P/E ratio of 997.97.

Range Resources last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.18. The company had revenue of $458.04 million for the quarter, compared to the consensus estimate of $399.53 million. During the same quarter last year, the company posted ($0.02) earnings per share. Range Resources’s revenue was up 51.1% compared to the same quarter last year. Analysts expect that Range Resources will post $1.33 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Range Resources from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $95.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Range Resources in a research note to investors on Wednesday, March 6th. They now have a $65.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Range Resources in a research note to investors on Tuesday, March 5th. They now have a $91.00 price target on the stock.

Fourteen investment analysts have rated the stock with a buy rating, five have issued an overweight rating, sixteen have issued a hold rating, and one has issued a sell rating to the company’s stock. The company currently has an average rating of “overweight” and a consensus target price of $79.23.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, March 13th.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.

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