Range Resources Corp. VP Unloads $1,219,339 in Stock (RRC)
Range Resources Corp. (NYSE:RRC) VP David P. Poole sold 13,864 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $87.95, for a total value of $1,219,338.80. Following the transaction, the vice president now directly owns 8,796 shares in the company, valued at approximately $773,608. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on RRC. 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 company. The stock presently has an average rating of “Buy” and an average price target of $97.65.
Range Resources Corp. (NYSE:RRC) traded up 0.06% on Wednesday, hitting $87.85. The stock had a trading volume of 1,057,930 shares. Range Resources Corp. has a 52-week low of $72.54 and a 52-week high of $95.41. The stock’s 50-day moving average is $90.06 and its 200-day moving average is $86.37. 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 issued its quarterly earnings data 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 announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Thursday, June 12th.
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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