Range Resources Corporation (NYSE:RRC) traded up 5.8% on Tuesday . The company traded as high as $19.25 and last traded at $19.18. 11,544,395 shares traded hands during trading, an increase of 84% from the average session volume of 6,290,000 shares. The stock had previously closed at $18.13.

Several research firms have recently commented on RRC. Robert W. Baird lowered their price objective 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 price objective on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Morgan Stanley lowered their price objective on shares of Range Resources Corporation from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, July 17th. Finally, Jefferies Group LLC set a $36.00 price objective on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.89.

The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4,620.00, a price-to-earnings ratio of 52.69 and a beta of 0.91.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. equities analysts forecast that Range Resources Corporation will post 0.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Range Resources Corporation by 4.4% during 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 increased its position in Range Resources Corporation by 4.5% during the 3rd quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock worth $332,679,000 after purchasing an additional 673,214 shares in the last quarter. BlackRock Inc. increased its position in 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 worth $324,936,000 after purchasing an additional 890,348 shares in the last quarter. State Street Corp increased its position in 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 worth $321,059,000 after purchasing an additional 1,805,404 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Range Resources Corporation by 14.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after purchasing an additional 612,032 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

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Range Resources Corporation Company Profile

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.

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