Range Resources Corporation (NYSE:RRC) Director Anthony V. Dub sold 2,897 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total value of $46,525.82. Following the transaction, the director now directly owns 96,000 shares of the company’s stock, valued at approximately $1,541,760. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Range Resources Corporation (RRC) traded down $0.36 during trading on Friday, hitting $15.63. The company had a trading volume of 15,361,932 shares, compared to its average volume of 5,926,111. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. The stock has a market cap of $3,967.75, a P/E ratio of 44.42 and a beta of 0.91. Range Resources Corporation has a 52 week low of $15.33 and a 52 week high of $36.40.
Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) EPS. research analysts predict that Range Resources Corporation will post 0.44 earnings per share for the current fiscal year.
A number of research firms have commented on RRC. Credit Suisse Group began coverage on Range Resources in a research report on Monday, December 11th. They set an “outperform” rating and a $24.00 price target for the company. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Range Resources in a research report on Friday, December 8th. ValuEngine raised Range Resources from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Scotiabank set a $27.00 price target on Range Resources and gave the company a “buy” rating in a research report on Saturday, November 25th. Finally, BMO Capital Markets set a $30.00 price target on Range Resources and gave the company a “buy” rating in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Range Resources presently has a consensus rating of “Buy” and an average target price of $30.23.
Institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its stake in shares of Range Resources by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Range Resources by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 64 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. grew its stake in shares of Range Resources by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 3,801 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Range Resources by 5.6% in the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after buying an additional 412 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Range Resources by 240.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock worth $205,000 after buying an additional 6,250 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.
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Range Resources Company Profile
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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