Range Resources Corporation (NYSE:RRC) VP David P. Poole sold 30,920 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total transaction of $505,851.20. Following the completion of the transaction, the vice president now owns 17,647 shares in the company, valued at $288,704.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

Range Resources Corporation (RRC) opened at $15.63 on Friday. The firm has a market cap of $3,880.89, a PE ratio of 43.44 and a beta of 0.91. Range Resources Corporation has a 1-year low of $15.33 and a 1-year high of $36.40. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. research analysts anticipate that Range Resources Corporation will post 0.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.51%. Range Resources’s payout ratio is -38.09%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its holdings in Range Resources by 10.5% in the third quarter. Parametric Portfolio Associates LLC now owns 966,115 shares of the oil and gas exploration company’s stock valued at $18,907,000 after buying an additional 91,709 shares during the period. AXA raised its holdings in Range Resources by 49.2% in the third quarter. AXA now owns 704,017 shares of the oil and gas exploration company’s stock valued at $13,777,000 after buying an additional 232,100 shares during the period. Elm Ridge Management LLC raised its holdings in Range Resources by 3.6% in the third quarter. Elm Ridge Management LLC now owns 287,960 shares of the oil and gas exploration company’s stock valued at $5,636,000 after buying an additional 9,907 shares during the period. Tortoise Capital Advisors L.L.C. raised its holdings in Range Resources by 55.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 571,977 shares of the oil and gas exploration company’s stock valued at $11,194,000 after buying an additional 203,036 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Range Resources by 2.2% in the third quarter. California Public Employees Retirement System now owns 340,362 shares of the oil and gas exploration company’s stock valued at $6,661,000 after buying an additional 7,300 shares during the period. Hedge funds and other institutional investors own 95.72% of the company’s stock.

A number of research analysts have issued reports on RRC shares. Goldman Sachs Group lowered shares of Range Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $20.50 in a report on Friday, September 8th. Jefferies Group set a $36.00 target price on shares of Range Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Range Resources from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, October 20th. Morgan Stanley reduced their target price on shares of Range Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $32.00 target price on shares of Range Resources in a report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Range Resources has a consensus rating of “Buy” and a consensus target price of $30.23.

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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.

Insider Buying and Selling by Quarter for Range Resources (NYSE:RRC)

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