Range Resources Corporation (NYSE:RRC) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $22.02 target price on the oil and gas exploration company’s stock. Vetr‘s price objective points to a potential upside of 10.10% from the company’s previous close.

Several other analysts have also issued reports on RRC. Robert W. Baird reduced their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Citigroup Inc. lowered their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 21st. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Monday, July 17th. Jefferies Group LLC set a $36.00 price target on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, BidaskClub lowered shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Range Resources Corporation has a consensus rating of “Buy” and an average price target of $34.81.

Shares of Range Resources Corporation (RRC) opened at 20.00 on Monday. The firm has a 50-day moving average of $18.41 and a 200-day moving average of $22.65. Range Resources Corporation has a 52 week low of $16.00 and a 52 week high of $40.20. The firm has a market cap of $4.88 billion, a PE ratio of 135.14 and a beta of 0.95.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. The company had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. Range Resources Corporation’s quarterly revenue was up 55.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.35) earnings per share. On average, analysts expect that Range Resources Corporation will post $0.50 EPS for the current year.

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In related news, Director Mary Ralph Lowe purchased 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 25,413 shares in the company, valued at approximately $457,179.87. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steffen E. Palko purchased 15,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost 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 disclosure for this purchase can be found here. Insiders have acquired a total of 26,000 shares of company stock valued at $449,800 in the last ninety days. Insiders own 0.42% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Smithfield Trust Co. grew its stake 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 valued at $107,000 after acquiring an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Range Resources Corporation by 26.4% in the 2nd 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 purchasing an additional 990 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Range Resources Corporation by 886.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after purchasing an additional 4,494 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in Range Resources Corporation by 166.2% in the 2nd 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 purchasing an additional 3,801 shares in the last quarter. Finally, Financial Architects Inc lifted its stake in Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 95.61% 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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