Oppenheimer & Co. Inc. grew its holdings in Range Resources Corporation (NYSE:RRC) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,876 shares of the oil and gas exploration company’s stock after acquiring an additional 7,032 shares during the period. Oppenheimer & Co. Inc.’s holdings in Range Resources were worth $1,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings in Range Resources by 1.3% during the 2nd 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 in the last quarter. Louisiana State Employees Retirement System grew its holdings in Range Resources by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock valued at $271,000 after purchasing an additional 100 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Range Resources by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock valued at $2,114,000 after purchasing an additional 305 shares in the last quarter. M&T Bank Corp grew its holdings in Range Resources by 1.3% during the 2nd quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock valued at $639,000 after purchasing an additional 360 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Range Resources by 5.6% during the 2nd 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 in the last quarter. 95.72% of the stock is owned by institutional investors and hedge funds.

Shares of Range Resources Corporation (RRC) traded up $0.33 during mid-day trading on Wednesday, reaching $17.98. 7,569,400 shares of the company’s stock traded hands, compared to its average volume of 5,863,146. The firm has a market cap of $4,380.00, a price-to-earnings ratio of 48.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50. Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.64.

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. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. During the same period last year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. equities research analysts predict that Range Resources Corporation will post 0.48 earnings per share for the current fiscal year.

RRC has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Range Resources from $20.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Range Resources in a report on Thursday, August 10th. Robert W. Baird lowered their price target on shares of Range Resources from $29.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Citigroup lowered their price target on shares of Range Resources from $34.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Finally, Cowen reaffirmed a “buy” rating and set a $35.00 price target on shares of Range Resources in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $31.76.

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About Range Resources

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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Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

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