Range Resources Corporation (NYSE:RRC) – Analysts at Seaport Global Securities upped their Q3 2017 earnings per share (EPS) estimates for shares of Range Resources Corporation in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings per share of $0.02 for the quarter, up from their previous forecast of ($0.04). Seaport Global Securities also issued estimates for Range Resources Corporation’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.44 EPS, Q2 2018 earnings at $0.00 EPS and FY2018 earnings at $0.40 EPS.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. lowered their price objective on shares of Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Range Resources Corporation in a research report on Thursday, August 10th. BMO Capital Markets set a $35.00 price objective on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Monday, June 26th. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, July 17th. Finally, Scotiabank set a $35.00 price objective on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.80.

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Range Resources Corporation (NYSE RRC) opened at 18.86 on Monday. The company has a 50-day moving average of $19.10 and a 200-day moving average of $21.95. Range Resources Corporation has a 1-year low of $15.99 and a 1-year high of $39.64. The company has a market capitalization of $4.60 billion, a P/E ratio of 127.43 and a beta of 0.95.

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, topping the Zacks’ consensus estimate of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The company had revenue of $565.00 million during the quarter, compared to the consensus estimate of $544.08 million. During the same period in the prior year, the firm earned ($1.35) earnings per share. Range Resources Corporation’s revenue was up 55.8% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smithfield Trust Co. boosted its holdings in Range Resources Corporation by 480.0% during the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Range Resources Corporation by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 990 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Range Resources Corporation by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 64 shares in the last quarter. Financial Architects Inc boosted its holdings in Range Resources Corporation by 24.5% during the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 1,200 shares in the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. boosted its holdings in Range Resources Corporation by 166.2% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 3,801 shares in the last quarter. 95.19% of the stock is currently owned by hedge funds and other institutional investors.

In other Range Resources Corporation news, Director Steffen E. Palko acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $16.81 per share, with a total value of $252,150.00. Following the acquisition, the director now directly owns 27,267 shares of the company’s stock, valued at $458,358.27. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ralph Lowe purchased 10,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the completion of 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 a total of 26,000 shares of company stock worth $449,800 over the last ninety days. Insiders own 2.40% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 14th. Range Resources Corporation’s dividend payout ratio (DPR) is currently 100.01%.

About Range Resources Corporation

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.

Earnings History and Estimates for Range Resources Corporation (NYSE:RRC)

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