A number of firms have modified their ratings and price targets on shares of Range Resources Corporation (NYSE: RRC) recently:

  • 10/2/2017 – Range Resources Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $22.02 price target on the stock.
  • 9/20/2017 – Range Resources Corporation was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating. They now have a $19.00 price target on the stock, down previously from $23.00.
  • 9/19/2017 – Range Resources Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Range Resources has extensive oil and gas resources in the key regions like Marcellus and North Louisiana. It is to be noted that Range Resources’ total proved reserves for 2016 was recorded at 12,072 Bcfe, much higher than the previous two years. Most importantly, more than 65% of proved reserves recorded during 2016 was natural gas. Given the significant growth in proved reserves, we can expect considerable improvement in the company’s natural gas production. However, the company’s share price movement over the last three months is disappointing. Range Resources’ dividend yield is also lower than that of the broader industry.”
  • 9/18/2017 – Range Resources Corporation had its price target lowered by analysts at Piper Jaffray Companies from $40.00 to $35.00. They now have an “overweight” rating on the stock.
  • 9/14/2017 – Range Resources Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 9/8/2017 – Range Resources Corporation was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $20.50 price target on the stock, down previously from $35.00.
  • 9/8/2017 – Range Resources Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $32.00 price target on the stock.
  • 9/6/2017 – Range Resources Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/29/2017 – Range Resources Corporation was given a new $36.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 8/22/2017 – Range Resources Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $35.00 price target on the stock.
  • 8/15/2017 – Range Resources Corporation had its price target lowered by analysts at Citigroup Inc. from $34.00 to $30.00. They now have a “buy” rating on the stock.
  • 8/11/2017 – Range Resources Corporation had its price target lowered by analysts at Robert W. Baird from $29.00 to $22.00. They now have a “neutral” rating on the stock.
  • 8/10/2017 – Range Resources Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 8/9/2017 – Range Resources Corporation had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $18.00 price target on the stock, down previously from $20.00.

Range Resources Corporation (NYSE RRC) traded down 2.06% during mid-day trading on Tuesday, hitting $20.00. The company had a trading volume of 6,729,264 shares. Range Resources Corporation has a 12-month low of $16.00 and a 12-month high of $40.20. The company’s 50 day moving average price is $18.32 and its 200-day moving average price is $22.70. The firm has a market capitalization of $4.88 billion, a PE ratio of 135.14 and a beta of 0.94.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. The business had revenue of $565.00 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 business earned ($1.35) EPS. On average, analysts forecast that Range Resources Corporation will post $0.50 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, September 14th. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.

In related news, Director Steffen E. Palko purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the acquisition, the director now owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ralph Lowe purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $17.99 per share, with a total value of $179,900.00. Following the acquisition, 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 bought 26,000 shares of company stock worth $449,800 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

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.

Receive News & Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.