Cowen set a $25.00 target price on Range Resources (NYSE:RRC) in a research report report published on Thursday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Several other research firms also recently issued reports on RRC. KeyCorp restated a hold rating on shares of Range Resources in a report on Monday, November 13th. BMO Capital Markets set a $30.00 price objective on shares of Range Resources and gave the stock a buy rating in a report on Tuesday, October 10th. Jefferies Group restated a buy rating and set a $25.00 price objective on shares of Range Resources in a report on Tuesday, October 10th. Scotiabank set a $27.00 price objective on shares of Range Resources and gave the stock a buy rating in a report on Saturday, November 25th. Finally, Stifel Nicolaus set a $21.00 price objective on shares of Range Resources and gave the stock a buy rating in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $29.61.

Range Resources (RRC) opened at $16.08 on Thursday. The firm has a market cap of $3,990.08, a price-to-earnings ratio of -76.57, a price-to-earnings-growth ratio of 1.31 and a beta of 0.91. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. Range Resources has a 52-week low of $15.33 and a 52-week high of $36.40.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. equities analysts expect that Range Resources will post 0.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.50%. Range Resources’s payout ratio is currently -38.09%.

In related news, Director Anthony V. Dub sold 2,897 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.06, for a total value of $46,525.82. Following the sale, the director now owns 96,000 shares of the company’s stock, valued at $1,541,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Poole sold 30,920 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total transaction of $505,851.20. Following the completion of the sale, the vice president now directly owns 17,647 shares in the company, valued at approximately $288,704.92. The disclosure for this sale can be found here. In the last three months, insiders sold 44,574 shares of company stock worth $729,007. 2.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Range Resources by 4.4% in the second 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 acquiring an additional 976,293 shares during the period. Sanders Capital LLC increased its stake in Range Resources by 4.5% in the third quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock valued at $332,679,000 after acquiring an additional 673,214 shares during the period. BlackRock Inc. grew its stake in Range Resources by 6.8% during the second quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after buying an additional 890,348 shares during the last quarter. State Street Corp grew its stake in Range Resources by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after buying an additional 1,805,404 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Range Resources by 14.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after buying an additional 612,032 shares during the last quarter.

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About Range Resources

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 (NYSE:RRC)

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