Shares of Range Resources Corp. (NYSE:RRC) traded down 2.6% on Wednesday . The company traded as low as $4.17 and last traded at $4.17, 180,803 shares traded hands during mid-day trading. A decline of 99% from the average session volume of 12,920,045 shares. The stock had previously closed at $4.28.

A number of brokerages recently commented on RRC. Guggenheim downgraded Range Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, April 25th. TD Securities reduced their price target on Range Resources from $7.50 to $5.50 and set a “hold” rating for the company in a research report on Friday, July 26th. Citigroup reduced their price target on Range Resources from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley set a $4.00 price target on Range Resources and gave the company a “sell” rating in a research report on Monday, June 24th. Finally, Susquehanna Bancshares dropped their price objective on Range Resources from $11.00 to $8.50 and set a “positive” rating for the company in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.45.

The firm has a fifty day moving average price of $5.21 and a two-hundred day moving average price of $8.37. The stock has a market capitalization of $1.03 billion, a P/E ratio of 3.64, a PEG ratio of 2.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.75.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Range Resources had a positive return on equity of 4.66% and a negative net margin of 45.91%. The firm had revenue of $851.43 million during the quarter, compared to analyst estimates of $672.93 million. During the same period in the prior year, the business posted $0.20 EPS. Range Resources’s revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that Range Resources Corp. will post 0.44 earnings per share for the current fiscal year.

In related news, CFO Mark Scucchi acquired 12,955 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $4.36 per share, with a total value of $56,483.80. Following the acquisition, the chief financial officer now directly owns 14,149 shares of the company’s stock, valued at $61,689.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Poole sold 5,843 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $5.69, for a total transaction of $33,246.67. Following the transaction, the vice president now directly owns 58,196 shares of the company’s stock, valued at approximately $331,135.24. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in Range Resources by 667.8% in the first quarter. Quadrant Capital Group LLC now owns 2,242 shares of the oil and gas exploration company’s stock worth $25,000 after purchasing an additional 1,950 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Range Resources in the second quarter worth $46,000. M&T Bank Corp purchased a new position in Range Resources in the second quarter worth $69,000. Reilly Financial Advisors LLC purchased a new position in Range Resources in the second quarter worth $70,000. Finally, MML Investors Services LLC purchased a new position in Range Resources in the second quarter worth $76,000.

Range Resources Company Profile (NYSE:RRC)

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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