SunTrust Banks reaffirmed their hold rating on shares of Range Resources (NYSE:RRC) in a research report released on Friday, Marketbeat.com reports. The firm currently has a $20.00 target price on the oil and gas exploration company’s stock. SunTrust Banks also issued estimates for Range Resources’ Q2 2018 earnings at ($0.08) EPS and Q4 2018 earnings at ($0.06) EPS.

A number of other research firms have also weighed in on RRC. KeyCorp reissued a hold rating on shares of Range Resources in a research report on Monday, November 13th. Jefferies Group reissued a buy rating and set a $25.00 target price on shares of Range Resources in a research report on Tuesday, October 10th. BMO Capital Markets set a $30.00 target price on shares of Range Resources and gave the stock a buy rating in a research report on Tuesday, October 10th. Scotiabank set a $27.00 target price on shares of Range Resources and gave the stock a buy rating in a research report on Saturday, November 25th. Finally, Cowen reissued a buy rating and set a $35.00 target price on shares of Range Resources in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.27.

Shares of Range Resources (NYSE RRC) opened at $16.70 on Friday. The stock has a market cap of $3,990.00, a price-to-earnings ratio of 44.67 and a beta of 0.91. Range Resources has a fifty-two week low of $15.91 and a fifty-two week high of $39.64. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) 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 analysts’ expectations of $543.16 million. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. Range Resources’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. analysts anticipate that Range Resources will post 0.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.48%. Range Resources’s dividend payout ratio is -38.10%.

A number of institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. grew its stake in shares of Range Resources by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Range Resources by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after purchasing an additional 64 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. grew its stake in shares of Range Resources by 166.2% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after purchasing an additional 3,801 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Range Resources by 5.6% during the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after purchasing an additional 412 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Range Resources by 240.4% during the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock valued at $205,000 after purchasing an additional 6,250 shares during the last quarter. 95.72% of the stock is currently owned by hedge funds and other institutional investors.

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Range Resources 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.

Analyst Recommendations for Range Resources (NYSE:RRC)

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