Range Resources Corporation (NYSE:RRC)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a report released on Thursday. They currently have a $20.00 price objective on the oil and gas exploration company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.84% from the stock’s previous close.

Other analysts have also recently issued reports about the company. KLR Group upped their price target on Range Resources Corporation from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Range Resources Corporation in a research report on Tuesday, April 25th. Scotiabank reiterated a “buy” rating and issued a $44.00 price target on shares of Range Resources Corporation in a research report on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $41.00 price target on shares of Range Resources Corporation in a research report on Monday, May 1st. Finally, Evercore ISI upgraded Range Resources Corporation to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Range Resources Corporation presently has a consensus rating of “Buy” and an average price target of $40.92.

Range Resources Corporation (NYSE:RRC) opened at 16.83 on Thursday. The firm has a market cap of $4.11 billion, a P/E ratio of 113.72 and a beta of 0.92. Range Resources Corporation has a 12-month low of $16.67 and a 12-month high of $43.60. The firm has a 50-day moving average of $21.23 and a 200-day moving average of $26.10.

Range Resources Corporation (NYSE:RRC) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm had revenue of $565 million for the quarter, compared to analysts’ expectations of $544.08 million. During the same period in the prior year, the business posted ($1.35) earnings per share. The business’s revenue was up 55.8% compared to the same quarter last year. On average, analysts expect that Range Resources Corporation will post $0.55 EPS for the current year.

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In related news, COO Ray N. Walker, Jr. sold 7,200 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $23.17, for a total transaction of $166,824.00. Following the completion of the transaction, the chief operating officer now directly owns 63,861 shares in the company, valued at $1,479,659.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chad L. Stephens sold 28,744 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total value of $662,549.20. Following the transaction, the insider now owns 106,692 shares of the company’s stock, valued at $2,459,250.60. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 15,000 shares of company stock valued at $289,490 and have sold 36,521 shares valued at $842,742. 2.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of RRC. Northwestern Mutual Wealth Management Co. increased its position in Range Resources Corporation 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 worth $119,000 after buying an additional 31 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. increased its position in Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock worth $360,000 after buying an additional 140 shares in the last quarter. Advantus Capital Management Inc increased its position in Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock worth $548,000 after buying an additional 185 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in Range Resources Corporation 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 worth $109,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

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.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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