Vetr upgraded shares of Range Resources Corporation (NYSE:RRC) from a buy rating to a strong-buy rating in a report published on Monday morning. Vetr currently has $22.02 target price on the oil and gas exploration company’s stock.

Several other equities analysts have also recently weighed in on the stock. Wolfe Research cut shares of Range Resources Corporation from a market perform rating to an underperform rating and cut their target price for the company from $23.00 to $19.00 in a research note on Wednesday, September 20th. Zacks Investment Research cut shares of Range Resources Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, September 19th. Piper Jaffray Companies cut their target price on shares of Range Resources Corporation from $40.00 to $35.00 and set an overweight rating for the company in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a buy rating and set a $20.00 target price on shares of Range Resources Corporation in a research note on Thursday, September 14th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $32.00 target price on shares of Range Resources Corporation in a research note on Friday, September 8th. Four analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $34.81.

Range Resources Corporation (NYSE RRC) opened at 20.58 on Monday. Range Resources Corporation has a one year low of $16.00 and a one year high of $40.20. The company has a market capitalization of $5.02 billion, a P/E ratio of 139.05 and a beta of 0.95. The firm has a 50-day moving average of $18.57 and a 200 day moving average of $22.62.

Range Resources Corporation (NYSE:RRC) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. The company had revenue of $565.00 million during the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. Range Resources Corporation’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period last year, the company posted ($1.35) earnings per share. On average, equities analysts forecast that Range Resources Corporation will post $0.50 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 14th. Range Resources Corporation’s dividend payout ratio (DPR) is 100.01%.

In other Range Resources Corporation news, Director Steffen E. Palko bought 15,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $16.81 per share, with a total value of $252,150.00. Following the transaction, the director now owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ralph Lowe bought 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the transaction, the director now directly owns 25,413 shares in the company, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,000 shares of company stock worth $449,800 in the last three months. Insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Range Resources Corporation by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock valued at $537,603,000 after purchasing an additional 976,293 shares during the period. Sanders Capital LLC increased its position in Range Resources Corporation by 6.7% during the 2nd quarter. Sanders Capital LLC now owns 14,812,151 shares of the oil and gas exploration company’s stock valued at $379,186,000 after purchasing an additional 932,706 shares during the period. BlackRock Inc. increased its position in Range Resources Corporation by 6.8% during the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock valued at $324,936,000 after purchasing an additional 890,348 shares during the period. State Street Corp increased its position in Range Resources Corporation by 15.0% during the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock valued at $321,059,000 after purchasing an additional 1,805,404 shares during the period. Finally, Stelliam Investment Management LP increased its position in Range Resources Corporation by 21.9% during the 1st quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock valued at $166,525,000 after purchasing an additional 1,027,500 shares during the period. 95.61% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Corporation Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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