Range Resources Corp. Director James Funk Unloads 1,952 Shares (RRC)
Range Resources Corp. (NYSE:RRC) Director James Funk unloaded 1,952 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $81.84, for a total transaction of $159,751.68. Following the sale, the director now directly owns 2,698 shares of the company’s stock, valued at approximately $220,804. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
RRC has been the subject of a number of recent research reports. Analysts at Iberia Capital initiated coverage on shares of Range Resources Corp. in a research note to investors on Tuesday, December 31st. They set an “outperform” rating and a $100.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Range Resources Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Finally, analysts at Oppenheimer downgraded shares of Range Resources Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 11th. They now have a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.50.
Range Resources Corp. (NYSE:RRC) traded down 1.56% on Thursday, hitting $81.23. The stock had a trading volume of 1,607,259 shares. Range Resources Corp. has a 52-week low of $63.19 and a 52-week high of $85.49. The stock’s 50-day moving average is $80.49 and its 200-day moving average is $78.0. The company has a market cap of $12.985 billion and a P/E ratio of 96.29.
Range Resources Corp. (NYSE:RRC) last released its earnings data on Wednesday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $433.00 million for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 47.4% on a year-over-year basis. Analysts expect that Range Resources Corp. will post $1.41 EPS for the current fiscal year.
Range Resources Corporation (NYSE:RRC) 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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