Somewhat Positive Press Coverage Somewhat Unlikely to Affect Range Resources Corporation (RRC) Share Price
News headlines about Range Resources Corporation (NYSE:RRC) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Range Resources Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the oil and gas exploration company an impact score of 45.673928970659 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- $543.76 Million in Sales Expected for Range Resources Corporation (RRC) This Quarter (americanbankingnews.com)
- Range Resources Corporation (NYSE:RRC) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Range Resources Corp Stock as Institutional Investors Enter (trikkles.com)
- Range Resources Corporation (RRC) Director Mary Ralph Lowe Purchases 10000 Shares (naijaoversabi.com)
- Energy Sector Logs Highest Earnings Growth in Q2: 4 Picks (finance.yahoo.com)
Range Resources Corporation (NYSE:RRC) opened at 16.81 on Friday. The company’s 50-day moving average is $20.98 and its 200 day moving average is $25.91. Range Resources Corporation has a 1-year low of $16.50 and a 1-year high of $43.60. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 113.58 and a beta of 0.92.
Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. The firm had revenue of $565 million for the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The company’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.35) EPS. On average, equities analysts predict that Range Resources Corporation will post $0.54 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Barclays PLC reiterated an “underweight” rating and set a $18.00 target price (down previously from $20.00) on shares of Range Resources Corporation in a research report on Wednesday. Scotiabank set a $35.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Royal Bank Of Canada set a $44.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price on shares of Range Resources Corporation in a research report on Thursday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $40.14.
WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-range-resources-corporation-rrc-share-price/1477055.html.
In other Range Resources Corporation news, Director Steffen E. Palko purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the acquisition, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Ray N. Walker, Jr. sold 7,200 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $23.17, for a total value of $166,824.00. Following the transaction, the chief operating officer now owns 63,861 shares in the company, valued at $1,479,659.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 30,000 shares of company stock worth $541,640 and have sold 36,521 shares worth $842,742. 2.40% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.