Stevens Capital Management LP decreased its position in Range Resources Corporation (NYSE:RRC) by 34.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 145,328 shares of the oil and gas exploration company’s stock after selling 75,157 shares during the period. Stevens Capital Management LP owned approximately 0.06% of Range Resources Corporation worth $2,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RRC. Smithfield Trust Co. boosted its stake in Range Resources Corporation by 480.0% in the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 3,840 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Range Resources Corporation by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 990 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Range Resources Corporation by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after purchasing an additional 64 shares during the period. Financial Architects Inc boosted its stake in Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 1,200 shares during the period. Finally, Capstone Investment Advisors Netherlands B.V. boosted its stake in Range Resources Corporation by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 3,801 shares during the period. 95.78% of the stock is owned by institutional investors.

Range Resources Corporation (NYSE RRC) opened at $19.23 on Friday. The firm has a market cap of $4,689.83, a PE ratio of 52.50 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Range Resources Corporation has a fifty-two week low of $15.99 and a fifty-two week high of $39.64.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The firm had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business’s revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Range Resources Corporation will post 0.47 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Citigroup Inc. reduced their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Morgan Stanley reduced their target price on shares of Range Resources Corporation from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, July 17th. Finally, Jefferies Group LLC set a $36.00 price objective on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Range Resources Corporation has an average rating of “Buy” and an average price target of $31.89.

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About Range Resources Corporation

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.

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

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