Analysts’ Recommendations Stocks Traders Alert: Range Resources Corp. (NYSE:RRC) & Ameren Corp (NYSE:AEE)
On Thursday, Shares of Range Resources Corp. (NYSE:RRC) lost -2.66% to $27.77. The share price is trading in a range of $27.66 – 28.68. The stock exchanged hands with 5.94 million shares contrast to its average daily volume of 4.95 million shares.
Range Resources Corp. (NYSE:RRC) have shown a low EPS growth of -65.80% in the last 5 years and has earnings growth of 65.60% yoy. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -40.76% below its 52-week highs and is down -7.12% for the last five trades.
Shares of Ameren Corp (NYSE:AEE) declined -0.72% to $54.99. The share price of the stock surged 17.69% for the year.
Ameren Illinois (AEE) residential customers will pay less for electric delivery service in 2018 under a plan filed recently with the Illinois Commerce Commission. The proposal would lower monthly bills for the typical residential customer by about $1.70 per month.
It’s the second successive rate decrease the company has filed for, and the fifth overall rate decrease proposal since the Energy Infrastructure Modernization Act (EIMA) – or Smart Grid Bill – was passed in 2011.
“Prudent cost administration, solid project execution and reduced energy supply costs have facilitated us to continue modernizing the electric grid with minimal impact on customer rates,” said Craig Nelson, senior vice president, Regulatory Affairs and Financial Services for Ameren Illinois. “We’re happy to report to the ICC and to our customers that Ameren Illinois electric delivery service rates will go down next year and our combined delivery and supply rates will remain well below the national average.”
Ameren Illinois, a partner of Ameren Corporation (AEE), anticipates to invest an additional $128.4 million on electric grid enhancements in 2017. Those project costs, together with other capital improvements of more than $300 million to maintain distribution equipment and install new technology to detect and reduce the frequency of power outages, will be recovered in 2018.
Analysts give AEE a mean recommendation of 2.40. The company has grown 6.70% in past 3 months and in the last five trades has moved up 0.51%. The stock has earnings growth of 6.00% yoy and showed a high EPS growth of 8.60% over the past five years. The stock’s price moved up its 200-day moving average of $51.68. The stock is presently trading up its SMA-50 of $54.81.