Stephens started coverage on shares of Range Resources (NYSE:RRC) in a research report released on Thursday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $21.00 price target on the oil and gas exploration company’s stock.

Several other equities analysts also recently issued reports on the stock. MKM Partners began coverage on shares of Range Resources in a report on Wednesday. They set a neutral rating and a $17.00 price target for the company. Zacks Investment Research downgraded shares of Range Resources from a buy rating to a hold rating in a report on Tuesday, November 20th. Morgan Stanley set a $17.00 price target on shares of Range Resources and gave the company a sell rating in a report on Monday, October 29th. Guggenheim reissued a buy rating and set a $22.00 price target on shares of Range Resources in a report on Wednesday, October 24th. Finally, TD Securities lifted their price target on shares of Range Resources from $18.00 to $19.00 and gave the company a hold rating in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $21.60.

Shares of NYSE:RRC traded up $0.14 during midday trading on Thursday, reaching $14.03. 2,725,782 shares of the company’s stock were exchanged, compared to its average volume of 6,971,666. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.14 and a beta of 0.55. Range Resources has a 12 month low of $11.93 and a 12 month high of $18.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.56.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $811.20 million during the quarter, compared to the consensus estimate of $747.06 million. Range Resources had a net margin of 8.28% and a return on equity of 4.85%. The firm’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Sell-side analysts forecast that Range Resources will post 1.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, December 13th. Range Resources’s payout ratio is presently 13.79%.

A number of institutional investors and hedge funds have recently bought and sold shares of RRC. DekaBank Deutsche Girozentrale grew its position in shares of Range Resources by 265.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 6,660 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 4,840 shares during the period. Penserra Capital Management LLC grew its position in shares of Range Resources by 94.9% during the 3rd quarter. Penserra Capital Management LLC now owns 9,860 shares of the oil and gas exploration company’s stock worth $166,000 after buying an additional 4,800 shares during the period. Caxton Associates LP acquired a new stake in shares of Range Resources during the 3rd quarter worth approximately $195,000. Palo Capital Inc. acquired a new stake in shares of Range Resources during the 3rd quarter worth approximately $198,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Range Resources by 47.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,730 shares of the oil and gas exploration company’s stock worth $199,000 after buying an additional 3,750 shares during the period.

About Range Resources

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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Analyst Recommendations for Range Resources (NYSE:RRC)

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