Range Resources Corp. COO Ray N. Walker, Jr. Sells 17,322 Shares (RRC)
Range Resources Corp. (NYSE:RRC) COO Ray N. Walker, Jr. sold 17,322 shares of the stock on the open market in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $86.92, for a total value of $1,505,628.24. Following the transaction, the chief operating officer now directly owns 15,975 shares in the company, valued at approximately $1,388,547. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Range Resources Corp. (NYSE:RRC) traded up 0.06% during mid-day trading on Wednesday, hitting $87.85. 1,057,930 shares of the company’s stock traded hands. Range Resources Corp. has a 1-year low of $72.54 and a 1-year high of $95.41. The stock has a 50-day moving average of $90.12 and a 200-day moving average of $86.36. The company has a market cap of $14.098 billion and a price-to-earnings ratio of 64.32.
Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.26. The company had revenue of $457.34 million for the quarter, compared to the consensus estimate of $486.70 million. During the same quarter last year, the company posted $0.33 earnings per share. Range Resources Corp.’s revenue was up 43.3% compared to the same quarter last year. Analysts expect that Range Resources Corp. will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of analysts have recently weighed in on RRC shares. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note on Tuesday. Finally, analysts at Barclays cut their price target on shares of Range Resources Corp. from $83.00 to $80.00 in a research note on Tuesday, May 20th. They now have an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Range Resources Corp. currently has an average rating of “Buy” and an average price target of $97.65.
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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