Range Resources Corp. (NYSE:RRC) received a $36.00 price objective from analysts at Jefferies Group LLC in a research report issued on Tuesday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 107.37% from the company’s current price. Jefferies Group also issued estimates for Range Resources Corp.’s Q3 2017 earnings at $0.06 EPS, FY2017 earnings at $0.50 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.69 EPS.

Other research analysts have also issued research reports about the company. Citigroup Inc. cut their price objective on Range Resources Corp. from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Zacks Investment Research raised shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, July 17th. BMO Capital Markets set a $35.00 price target on shares of Range Resources Corp. and gave the company a “buy” rating in a report on Monday, June 26th. Scotiabank set a $35.00 price target on shares of Range Resources Corp. and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Royal Bank Of Canada set a $44.00 price target on shares of Range Resources Corp. and gave the company a “buy” rating in a report on Saturday, June 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $39.69.

Shares of Range Resources Corp. (NYSE RRC) opened at 17.36 on Tuesday. Range Resources Corp. has a 12 month low of $16.50 and a 12 month high of $43.60. The company’s 50 day moving average price is $19.66 and its 200 day moving average price is $24.78. The company has a market capitalization of $4.24 billion, a P/E ratio of 117.30 and a beta of 0.92.

Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.20. The firm had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. Range Resources Corp. had a return on equity of 4.91% and a net margin of 12.38%. The business’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.35) earnings per share. Analysts expect that Range Resources Corp. will post $0.51 EPS for the current fiscal year.

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In related news, Director Mary Ralph Lowe bought 10,000 shares of Range Resources Corp. stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $17.99 per share, with a total value of $179,900.00. Following the completion of the transaction, the director now owns 25,413 shares in the company, valued at approximately $457,179.87. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steffen E. Palko bought 15,000 shares of Range Resources Corp. stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the transaction, the director now owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 30,000 shares of company stock worth $541,640. Corporate insiders own 0.42% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Smithfield Trust Co. raised its position in shares of Range Resources Corp. by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after buying an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Range Resources Corp. by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 257 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Range Resources Corp. 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 buying an additional 64 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Range Resources Corp. by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock valued at $119,000 after buying an additional 31 shares during the last quarter. Finally, Financial Architects Inc raised its position in shares of Range Resources Corp. by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after buying an additional 1,200 shares during the last quarter. 95.34% of the stock is currently owned by institutional investors.

About Range Resources Corp.

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.

Analyst Recommendations for Range Resources Corp. (NYSE:RRC)

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