Range Resources Corporation (NYSE:RRC) Director Mary Ralph Lowe purchased 10,000 shares of Range Resources Corporation stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $17.99 per share, for a total transaction of $179,900.00. Following the transaction, the director now owns 25,413 shares in the company, valued at $457,179.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Range Resources Corporation (NYSE RRC) traded down 2.35% during mid-day trading on Monday, hitting $17.46. The stock had a trading volume of 1,223,103 shares. The firm has a market capitalization of $4.26 billion, a PE ratio of 117.97 and a beta of 0.92. The stock’s 50-day moving average is $22.18 and its 200-day moving average is $26.71. Range Resources Corporation has a 1-year low of $17.36 and a 1-year high of $43.60.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. The firm had revenue of $565 million during the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The company’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.35) earnings per share. Equities analysts expect that Range Resources Corporation will post $0.56 earnings per share for the current year.

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Several brokerages recently issued reports on RRC. Scotiabank set a $35.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $44.00 price target on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. BidaskClub downgraded shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research report on Thursday, July 27th. Finally, Barclays PLC reduced their price target on shares of Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Range Resources Corporation has an average rating of “Buy” and a consensus price target of $42.14.

Several large investors have recently added to or reduced their stakes in the stock. Harvey Capital Management Inc. purchased a new stake in Range Resources Corporation during the first quarter valued at approximately $1,492,000. Fox Run Management L.L.C. purchased a new stake in Range Resources Corporation during the first quarter valued at approximately $381,000. Skylands Capital LLC purchased a new stake in Range Resources Corporation during the first quarter valued at approximately $146,000. Amarillo National Bank purchased a new stake in Range Resources Corporation during the first quarter valued at approximately $246,000. Finally, Edge Wealth Management LLC purchased a new stake in Range Resources Corporation during the first quarter valued at approximately $803,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Range Resources Corporation 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.

Insider Buying and Selling by Quarter for Range Resources Corporation (NYSE:RRC)

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