An issue of Range Resources Corp. (NYSE:RRC) bonds fell 1.3% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 5% coupon and is set to mature on August 15, 2022. The bonds in the issue are now trading at $96.75 and were trading at $97.94 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

A number of analysts recently issued reports on RRC shares. Capital One Financial cut Range Resources from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. SunTrust Banks lowered their target price on Range Resources to $12.00 and set a “hold” rating for the company in a research note on Tuesday, January 8th. B. Riley set a $21.00 target price on Range Resources and gave the stock a “buy” rating in a research note on Sunday, December 30th. Stephens initiated coverage on shares of Range Resources in a research note on Thursday, December 6th. They set an “equal weight” rating and a $21.00 price target for the company. Finally, Bank of America cut shares of Range Resources from a “neutral” rating to an “underperform” rating in a research note on Friday, January 4th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. Range Resources presently has a consensus rating of “Hold” and an average target price of $18.37.

Shares of RRC traded down $0.34 during mid-day trading on Friday, hitting $10.56. 2,113,861 shares of the company’s stock were exchanged, compared to its average volume of 7,744,523. The stock has a market capitalization of $2.72 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.19 and a beta of 1.15. Range Resources Corp. has a 52 week low of $9.22 and a 52 week high of $18.59. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 0.95.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Monday, February 25th. The oil and gas exploration company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $736.35 million. Range Resources had a negative net margin of 53.20% and a positive return on equity of 5.20%. The business’s quarterly revenue was up 58.0% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. On average, sell-side analysts anticipate that Range Resources Corp. will post 0.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 14th. Range Resources’s payout ratio is presently 7.08%.

In related news, Director James M. Funk acquired 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $9.80 per share, with a total value of $98,000.00. Following the acquisition, the director now owns 22,706 shares in the company, valued at approximately $222,518.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Gray acquired 20,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $10.95 per share, with a total value of $219,000.00. Following the acquisition, the director now owns 7,804 shares in the company, valued at approximately $85,453.80. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RRC. Pearl River Capital LLC acquired a new stake in Range Resources during the 4th quarter valued at $25,000. Rational Advisors LLC lifted its holdings in Range Resources by 3,255.6% during the 4th quarter. Rational Advisors LLC now owns 3,020 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 2,930 shares during the last quarter. Sit Investment Associates Inc. acquired a new stake in Range Resources during the 4th quarter valued at $45,000. Ayalon Holdings Ltd. lifted its holdings in Range Resources by 87.1% during the 4th quarter. Ayalon Holdings Ltd. now owns 6,939 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Range Resources by 784.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 790,501 shares of the oil and gas exploration company’s stock valued at $83,000 after purchasing an additional 701,168 shares during the last quarter.

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About Range Resources (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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