Range Resources Corp. (NYSE:RRC) was up 3% during mid-day trading on Wednesday . The stock traded as high as $38.33 and last traded at $37.67, with a volume of 4,096,260 shares. The stock had previously closed at $36.58.

Several equities research analysts have recently issued reports on RRC shares. KLR Group upgraded shares of Range Resources Corp. from an “accumulate” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Thursday, July 28th. Zacks Investment Research upgraded shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Tuesday, July 12th. Vetr lowered shares of Range Resources Corp. from a “hold” rating to a “sell” rating and set a $44.39 price objective for the company. in a research note on Tuesday, June 21st. Imperial Capital upgraded shares of Range Resources Corp. from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $45.00 to $55.00 in a research note on Thursday, July 14th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $52.00 price objective on shares of Range Resources Corp. in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Range Resources Corp. has an average rating of “Buy” and an average target price of $44.28.

The firm’s market cap is $6.38 billion. The firm has a 50 day moving average price of $39.84 and a 200 day moving average price of $39.70.

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Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.07. Range Resources Corp. had a negative net margin of 71.00% and a negative return on equity of 14.57%. The business earned $362.67 million during the quarter, compared to analysts’ expectations of $327.40 million. During the same period last year, the company posted $0.01 EPS. The business’s revenue was down 10.4% on a year-over-year basis. On average, equities analysts expect that Range Resources Corp. will post ($0.26) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.21%. Range Resources Corp.’s payout ratio is currently -1.42%.

In other Range Resources Corp. news, COO Ray N. Walker, Jr. sold 13,350 shares of Range Resources Corp. stock in a transaction on Monday, September 19th. The shares were sold at an average price of $37.53, for a total value of $501,025.50. Following the completion of the transaction, the chief operating officer now directly owns 42,598 shares of the company’s stock, valued at approximately $1,598,702.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. raised its stake in Range Resources Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 7,965 shares of the oil and gas exploration company’s stock valued at $344,000 after buying an additional 64 shares during the period. Eagle Boston Investment Management Inc. raised its stake in Range Resources Corp. by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 10,919 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 122 shares during the period. Advantus Capital Management Inc raised its stake in Range Resources Corp. by 0.8% in the second quarter. Advantus Capital Management Inc now owns 16,370 shares of the oil and gas exploration company’s stock valued at $706,000 after buying an additional 127 shares during the period. World Asset Management Inc raised its stake in Range Resources Corp. by 0.9% in the second quarter. World Asset Management Inc now owns 15,999 shares of the oil and gas exploration company’s stock valued at $690,000 after buying an additional 136 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Range Resources Corp. by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,420 shares of the oil and gas exploration company’s stock valued at $578,000 after buying an additional 145 shares during the period.

Range Resources Corp. Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

5 Day Chart for NYSE:RRC

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