Analysts expect Range Resources Corp. (NYSE:RRC) to post $642.31 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Range Resources’ earnings. The lowest sales estimate is $588.00 million and the highest is $708.30 million. Range Resources posted sales of $253.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 153.4%. The business is expected to announce its next earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Range Resources will report full year sales of $642.31 million for the current year, with estimates ranging from $2.18 billion to $2.64 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.76 billion per share, with estimates ranging from $2.62 billion to $2.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Range Resources.

A number of equities research analysts recently weighed in on RRC shares. Piper Jaffray Companies set a $35.00 price objective on Range Resources and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded Range Resources from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, October 20th. JPMorgan Chase & Co. cut Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research note on Monday, October 23rd. Morgan Stanley decreased their price objective on Range Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Range Resources in a research note on Monday, November 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.59.

Shares of Range Resources (RRC) traded down $0.32 during midday trading on Friday, hitting $12.73. The company had a trading volume of 5,084,027 shares, compared to its average volume of 10,590,000. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3,160.00, a PE ratio of -60.62, a P/E/G ratio of 0.78 and a beta of 0.68. Range Resources has a 1 year low of $11.93 and a 1 year high of $33.57.

In other Range Resources news, Director Steffen E. Palko bought 34,000 shares of Range Resources stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average cost of $14.72 per share, with a total value of $500,480.00. Following the transaction, the director now directly owns 61,267 shares of the company’s stock, valued at approximately $901,850.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roger S. Manny sold 10,757 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total value of $176,629.94. Following the transaction, the chief financial officer now directly owns 143,703 shares in the company, valued at $2,359,603.26. The disclosure for this sale can be found here. Insiders have sold a total of 44,574 shares of company stock worth $729,007 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its holdings in shares of Range Resources 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 valued at $117,000 after purchasing an additional 64 shares during the period. Castleark Management LLC increased its holdings in shares of Range Resources by 0.8% in the second quarter. Castleark Management LLC now owns 101,020 shares of the oil and gas exploration company’s stock valued at $2,341,000 after purchasing an additional 780 shares during the period. California State Teachers Retirement System increased its holdings in shares of Range Resources by 0.6% in the second quarter. California State Teachers Retirement System now owns 421,053 shares of the oil and gas exploration company’s stock valued at $9,756,000 after purchasing an additional 2,431 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Range Resources by 10.7% in the second quarter. Cubist Systematic Strategies LLC now owns 27,996 shares of the oil and gas exploration company’s stock valued at $649,000 after purchasing an additional 2,697 shares during the period. Finally, World Asset Management Inc increased its holdings in shares of Range Resources by 19.7% in the third quarter. World Asset Management Inc now owns 19,372 shares of the oil and gas exploration company’s stock valued at $379,000 after purchasing an additional 3,186 shares during the period. 95.64% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Range Resources (NYSE:RRC)

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