Range Resources Corporation (NYSE:RRC) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 37,319,650 shares, a growth of 10.4% from the August 31st total of 33,810,932 shares. Based on an average daily trading volume, of 8,465,807 shares, the short-interest ratio is currently 4.4 days. Currently, 15.2% of the company’s stock are short sold.

In related news, Director Steffen E. Palko bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $16.81 per share, with a total value of $252,150.00. Following the transaction, the director now directly owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mary Ralph Lowe bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was bought 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 $457,179.87. The disclosure for this purchase can be found here. Insiders purchased 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.

A number of hedge funds have recently bought and sold shares of RRC. Smithfield Trust Co. lifted its holdings in Range Resources Corporation by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 3,840 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Range Resources Corporation 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 worth $110,000 after purchasing an additional 990 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Range Resources Corporation 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 worth $117,000 after purchasing an additional 64 shares during the period. Financial Architects Inc lifted its holdings in Range Resources Corporation by 24.5% in the second 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 during the period. Finally, Capstone Investment Advisors Netherlands B.V. lifted its holdings in Range Resources Corporation 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 worth $141,000 after purchasing an additional 3,801 shares during the period. 95.61% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on RRC. BidaskClub raised shares of Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Scotiabank set a $35.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. BMO Capital Markets set a $35.00 target price 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 target price on the stock in a research report on Monday, July 17th. Finally, Citigroup Inc. dropped 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 research report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.85.

Shares of Range Resources Corporation (NYSE RRC) opened at 19.99 on Friday. The firm has a market cap of $4.88 billion, a PE ratio of 135.07 and a beta of 0.95. Range Resources Corporation has a 1-year low of $16.00 and a 1-year high of $40.20. The stock has a 50 day moving average of $18.64 and a 200 day moving average of $22.56.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.20. The business had revenue of $565.00 million during the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The company’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.35) earnings per share. Equities research analysts anticipate that Range Resources Corporation will post $0.50 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.40%. The ex-dividend date was Thursday, September 14th. Range Resources Corporation’s payout ratio is currently 100.01%.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/10/07/range-resources-corporation-rrc-short-interest-up-10-4-in-september.html.

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.

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