The firm said it raised its rating on the independent natural gas, natural gas liquids, and oil company based on its belief that Range Resources' shares will be less vulnerable to the oil price declines than most exploration and production companies.
Shares of Range Resources are higher by 0.43% to $55.64 at the start of trading this morning.
"Range is far less vulnerable than peers to weak oil prices. Assuming $65/bbl oil and including hedges, we estimate Range Resources' cash flow to increase 8% in 2015, compared to a 22% decrease for its peers. Excluding hedges, we estimate Range Resources' cash flow to decrease just 7% in 2015, compared to a 27% decrease for its peers," Barclays said.
Separately, TheStreet Ratings team rates RANGE RESOURCES CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate RANGE RESOURCES CORP (RRC) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."