TCW Group Inc. bought a new position in Range Resources Corporation (NYSE:RRC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,752 shares of the oil and gas exploration company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co. raised its position in Range Resources Corporation by 480.0% in the 2nd 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 last quarter. Bronfman E.L. Rothschild L.P. raised its position 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 during the last quarter. Ameritas Investment Partners Inc. raised its position in Range Resources Corporation by 1.3% in the 2nd 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 last quarter. Financial Architects Inc raised its position 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 during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. raised its position 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 during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Corporation (NYSE:RRC) opened at $18.03 on Friday. The firm has a market cap of $4,473.95, a price-to-earnings ratio of 50.08 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.50 and a quick ratio of 0.47. Range Resources Corporation has a one year low of $15.99 and a one year high of $39.64.

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

Several research analysts recently weighed in on RRC shares. Goldman Sachs Group, Inc. (The) cut shares of Range Resources Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $20.50 in a research report on Friday, September 8th. Jefferies Group LLC set a $36.00 price objective on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, October 20th. Morgan Stanley dropped 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 report on Thursday, October 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 target price on shares of Range Resources Corporation in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Range Resources Corporation currently has an average rating of “Buy” and an average target price of $31.89.

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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.

Institutional Ownership by Quarter for Range Resources Corporation (NYSE:RRC)

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