Range Resources Corporation (NYSE:RRC) Director Anthony V. Dub sold 2,897 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.06, for a total transaction of $46,525.82. Following the transaction, the director now owns 96,000 shares of the company’s stock, valued at approximately $1,541,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Range Resources Corporation (RRC) traded down $0.23 on Thursday, hitting $15.99. 6,071,231 shares of the stock traded hands, compared to its average volume of 5,918,253. Range Resources Corporation has a 1-year low of $15.91 and a 1-year high of $36.40. The stock has a market capitalization of $4,030.00, a P/E ratio of 45.40 and a beta of 0.91. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. sell-side analysts forecast that Range Resources Corporation will post 0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. Range Resources’s dividend payout ratio is currently -38.10%.

Several equities analysts have commented on RRC shares. Jefferies Group reiterated a “buy” rating and set a $25.00 price objective on shares of Range Resources in a research report on Tuesday, October 10th. Scotiabank reiterated a “buy” rating and set a $30.00 price objective on shares of Range Resources in a research report on Monday, October 9th. Stifel Nicolaus set a $21.00 price objective on shares of Range Resources and gave the company a “buy” rating in a research report on Thursday, October 5th. Cowen reiterated a “buy” rating and set a $35.00 price objective on shares of Range Resources in a research report on Tuesday, August 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $32.00 price objective on shares of Range Resources in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.98.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Range Resources by 26.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after acquiring an additional 990 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Range Resources by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after acquiring an additional 64 shares during the period. Capstone Investment Advisors Netherlands B.V. raised its stake in shares of Range Resources by 166.2% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 3,801 shares during the period. Stephens Inc. AR increased its stake in Range Resources by 5.6% in the 2nd quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after buying an additional 412 shares during the period. Finally, Westwood Holdings Group Inc. increased its stake in Range Resources by 240.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock worth $205,000 after buying an additional 6,250 shares during the period. 95.72% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Range Resources Corporation (RRC) Director Anthony V. Dub Sells 2,897 Shares” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/14/range-resources-corporation-rrc-director-anthony-v-dub-sells-2897-shares.html.

About Range Resources

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 (NYSE:RRC)

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