Royal Bank of Canada reaffirmed their buy rating on shares of Range Resources (NYSE:RRC) in a report released on Monday.

A number of other equities research analysts have also weighed in on RRC. B. Riley set a $21.00 price objective on Range Resources and gave the stock a buy rating in a research report on Friday, December 21st. BMO Capital Markets downgraded Range Resources from an outperform rating to a market perform rating in a report on Monday. Bank of America downgraded Range Resources from a neutral rating to an underperform rating in a report on Friday, January 4th. TD Securities raised Range Resources from a hold rating to a buy rating and cut their target price for the stock from $19.00 to $15.00 in a report on Monday. Finally, MKM Partners began coverage on Range Resources in a report on Wednesday, December 5th. They set a neutral rating and a $17.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Range Resources currently has an average rating of Hold and an average price target of $20.21.

Shares of RRC stock opened at $11.26 on Monday. The firm has a market cap of $2.89 billion, a P/E ratio of 19.41, a PEG ratio of 0.65 and a beta of 0.96. Range Resources has a twelve month low of $9.22 and a twelve month high of $18.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.56.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $811.20 million for the quarter, compared to analyst estimates of $747.06 million. Range Resources had a return on equity of 4.85% and a net margin of 8.28%. Range Resources’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. Equities research analysts expect that Range Resources will post 0.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 14th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, December 13th. Range Resources’s dividend payout ratio (DPR) is currently 13.79%.

Hedge funds have recently bought and sold shares of the stock. Soros Fund Management LLC acquired a new position in Range Resources during the 2nd quarter worth approximately $2,928,000. Palo Capital Inc. acquired a new position in Range Resources during the 3rd quarter worth approximately $198,000. Metropolitan Life Insurance Co. NY raised its stake in Range Resources by 84.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 64,980 shares of the oil and gas exploration company’s stock worth $1,087,000 after buying an additional 29,676 shares during the period. PNC Financial Services Group Inc. raised its stake in Range Resources by 11.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 76,671 shares of the oil and gas exploration company’s stock worth $1,282,000 after buying an additional 8,054 shares during the period. Finally, Rockshelter Capital Management LLC raised its stake in Range Resources by 134.6% during the 3rd quarter. Rockshelter Capital Management LLC now owns 330,477 shares of the oil and gas exploration company’s stock worth $5,615,000 after buying an additional 189,622 shares during the period.

About Range Resources

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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Analyst Recommendations for Range Resources (NYSE:RRC)

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