Shares of Range Resources Corp. (NYSE:RRC) reached a new 52-week low on Tuesday . The stock traded as low as $5.99 and last traded at $6.06, with a volume of 26328 shares. The stock had previously closed at $6.13.

Several research analysts have weighed in on the company. Morgan Stanley set a $23.00 price target on Cabot Oil & Gas and gave the stock a “hold” rating in a research note on Monday, June 24th. TheStreet upgraded Valmont Industries from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Cowen set a $27.00 price target on Schnitzer Steel Industries and gave the stock a “hold” rating in a research note on Tuesday, April 9th. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Finally, Guggenheim downgraded Range Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Range Resources currently has an average rating of “Hold” and a consensus target price of $16.42.

The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 0.95 and a beta of 0.98. The firm has a fifty day moving average of $7.07. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 0.93.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Monday, April 22nd. The oil and gas exploration company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The business had revenue of $748.13 million for the quarter, compared to analysts’ expectations of $789.65 million. Range Resources had a positive return on equity of 5.23% and a negative net margin of 54.57%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Equities research analysts anticipate that Range Resources Corp. will post 0.59 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.08 annualized dividend and a yield of 1.31%. Range Resources’s payout ratio is presently 7.08%.

In related news, CFO Mark Scucchi purchased 11,100 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $9.04 per share, for a total transaction of $100,344.00. Following the acquisition, the chief financial officer now owns 3,068 shares of the company’s stock, valued at approximately $27,734.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Gray purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $8.77 per share, for a total transaction of $175,400.00. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RRC. Quadrant Capital Group LLC grew its position in Range Resources by 667.8% in the 1st quarter. Quadrant Capital Group LLC now owns 2,242 shares of the oil and gas exploration company’s stock valued at $25,000 after acquiring an additional 1,950 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Range Resources in the 1st quarter valued at $105,000. B. Riley Wealth Management Inc. bought a new position in Range Resources in the 1st quarter valued at $129,000. Sciencast Management LP bought a new position in Range Resources in the 1st quarter valued at $138,000. Finally, World Asset Management Inc bought a new position in Range Resources in the 1st quarter valued at $155,000.

Range Resources Company Profile (NYSE:RRC)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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