KeyCorp reaffirmed their hold rating on shares of Range Resources Corporation (NYSE:RRC) in a research report sent to investors on Wednesday morning.

A number of other analysts have also weighed in on the stock. Cowen and Company reaffirmed a buy rating and set a $35.00 target price on shares of Range Resources Corporation in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Range Resources Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Monday, July 17th. Barclays PLC decreased their target price on shares of Range Resources Corporation from $20.00 to $18.00 and set an underweight rating on the stock in a report on Thursday, August 3rd. Citigroup Inc. decreased their target price 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. Finally, BMO Capital Markets set a $35.00 target price on shares of Range Resources Corporation and gave the stock a buy rating in a report on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $39.69.

Range Resources Corporation (NYSE RRC) opened at 18.32 on Wednesday. Range Resources Corporation has a one year low of $16.50 and a one year high of $43.60. The stock’s 50 day moving average is $18.72 and its 200 day moving average is $23.91. The company has a market capitalization of $4.47 billion, a PE ratio of 123.78 and a beta of 0.94.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.20. The company had revenue of $565 million for the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. Range Resources Corporation’s revenue was up 55.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.35) EPS. On average, analysts anticipate that Range Resources Corporation will post $0.51 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.08 annualized dividend and a yield of 0.44%. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.

In related news, Director Mary Ralph Lowe acquired 10,000 shares of the stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $179,900.00. Following the transaction, the director now owns 25,413 shares in the company, valued at approximately $457,179.87. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Steffen E. Palko acquired 15,000 shares of the stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the transaction, the director now owns 27,267 shares in the company, valued at approximately $458,358.27. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 30,000 shares of company stock worth $541,640. Insiders own 2.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Range Resources Corporation by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Range Resources Corporation by 6.7% during the 2nd quarter. Sanders Capital LLC now owns 14,812,151 shares of the oil and gas exploration company’s stock valued at $379,186,000 after buying an additional 932,706 shares in the last quarter. BlackRock Inc. lifted its position in shares of Range Resources Corporation by 6.8% during the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock valued at $324,936,000 after buying an additional 890,348 shares in the last quarter. State Street Corp lifted its position in shares of Range Resources Corporation by 15.0% during the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock valued at $321,059,000 after buying an additional 1,805,404 shares in the last quarter. Finally, Stelliam Investment Management LP lifted its position in shares of Range Resources Corporation by 21.9% during the 1st quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock valued at $166,525,000 after buying an additional 1,027,500 shares in the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.

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.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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