Range Resources Corp. (RRC) Upgraded by Vetr Inc. to Hold
Range Resources Corp. (NYSE:RRC) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research report issued on Thursday. The brokerage currently has a $40.37 target price on the oil and gas exploration company’s stock. Vetr‘s price objective would indicate a potential downside of 2.98% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Drexel Hamilton initiated coverage on Range Resources Corp. in a research report on Thursday, February 18th. They set a “buy” rating and a $37.00 price objective on the stock. Jefferies Group raised their price target on Range Resources Corp. to $43.00 and gave the stock a “buy” rating in a report on Wednesday, March 2nd. SunTrust began coverage on Range Resources Corp. in a report on Tuesday, February 2nd. They issued a “neutral” rating for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Range Resources Corp. in a report on Tuesday, February 9th. Finally, Barclays raised their price target on Range Resources Corp. from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, February 29th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $44.28.
In other Range Resources Corp. news, CEO Jeffrey L. Ventura sold 7,044 shares of Range Resources Corp. stock in a transaction on Friday, March 11th. The stock was sold at an average price of $31.11, for a total value of $219,138.84. Following the sale, the chief executive officer now owns 294,151 shares in the company, valued at $9,151,037.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Range Resources Corp. (NYSE:RRC) traded down 3.23% during mid-day trading on Thursday, reaching $41.61. 4,565,843 shares of the company’s stock traded hands. The firm has a 50-day moving average of $39.89 and a 200 day moving average of $30.89. Range Resources Corp. has a 12-month low of $19.21 and a 12-month high of $56.36. The company’s market cap is $6.93 billion.
Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Thursday, April 28th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.09. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $319.11 million. Range Resources Corp.’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Equities analysts forecast that Range Resources Corp. will post ($0.53) EPS for the current year.
A number of large investors have bought and sold shares of the stock. Schaller Investment Group Inc. increased its stake in Range Resources Corp. by 478.2% in the fourth quarter. Schaller Investment Group Inc. now owns 132,400 shares of the oil and gas exploration company’s stock worth $3,258,000 after buying an additional 109,500 shares in the last quarter. Broadview Advisors LLC increased its stake in Range Resources Corp. by 310.6% in the fourth quarter. Broadview Advisors LLC now owns 106,350 shares of the oil and gas exploration company’s stock worth $2,617,000 after buying an additional 80,450 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Range Resources Corp. by 0.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 611,225 shares of the oil and gas exploration company’s stock worth $15,043,000 after buying an additional 5,076 shares in the last quarter. California State Teachers Retirement System increased its stake in Range Resources Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 322,598 shares of the oil and gas exploration company’s stock worth $7,939,000 after buying an additional 4,907 shares in the last quarter. Finally, KBC Group increased its stake in Range Resources Corp. by 90.4% in the third quarter. KBC Group now owns 158,907 shares of the oil and gas exploration company’s stock worth $5,105,000 after buying an additional 75,430 shares in the last quarter.
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.
To view Vetr’s full report, visit Vetr’s official website.