Range Resources Corporation (NYSE:RRC)‘s stock had its “buy” rating restated by Stifel Nicolaus in a report issued on Thursday. They presently have a $20.00 price objective on the oil and gas exploration company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 6.50% from the stock’s current price.

Several other research analysts also recently issued reports on RRC. Citigroup Inc. dropped their price objective on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) downgraded shares of Range Resources Corporation from a “conviction-buy” rating to a “buy” rating and set a $42.50 price objective on the stock. in a report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $38.00 price objective on shares of Range Resources Corporation in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $44.00 price objective on shares of Range Resources Corporation and gave the stock a “buy” rating in a report on Saturday, June 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.33.

Shares of Range Resources Corporation (RRC) traded up 3.02% during mid-day trading on Thursday, hitting $18.78. The stock had a trading volume of 9,914,287 shares. The stock has a 50-day moving average price of $18.07 and a 200 day moving average price of $23.49. Range Resources Corporation has a 52 week low of $16.00 and a 52 week high of $40.20. The stock has a market cap of $4.58 billion, a P/E ratio of 126.89 and a beta of 0.94.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.08 by $0.20. The firm had revenue of $565.00 million for the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.35) EPS. On average, equities analysts forecast that Range Resources Corporation will post $0.51 EPS for the current fiscal year.

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In other news, Director Steffen E. Palko bought 15,000 shares of the stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $16.81 per share, with a total value of $252,150.00. Following the completion of the purchase, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Ralph Lowe bought 10,000 shares of the stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $17.99 per share, with a total value of $179,900.00. Following the purchase, the director now directly owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Insiders acquired 26,000 shares of company stock valued at $449,800 in the last ninety days. Insiders own 2.40% of the company’s stock.

A number of large investors have recently modified their holdings of RRC. BlackRock Inc. increased its position in shares of Range Resources Corporation by 2,153.9% during the first quarter. BlackRock Inc. now owns 13,133,750 shares of the oil and gas exploration company’s stock worth $382,193,000 after acquiring an additional 12,551,039 shares in the last quarter. State Street Corp increased its position in shares of Range Resources Corporation by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after acquiring an additional 1,805,404 shares in the last quarter. UBS Oconnor LLC increased its position in shares of Range Resources Corporation by 246.9% during the second quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock worth $52,680,000 after acquiring an additional 1,618,250 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Range Resources Corporation by 1,318.0% during the second quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration company’s stock worth $34,800,000 after acquiring an additional 1,395,999 shares in the last quarter. Finally, Stelliam Investment Management LP increased its position in shares of Range Resources Corporation by 21.9% during the first quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock worth $166,525,000 after acquiring an additional 1,027,500 shares in the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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