Range Resources Corp. (NYSE:RRC) shares dropped 7.6% during trading on Tuesday . The company traded as low as $40.82 and last traded at $41.08, with a volume of 1,944,718 shares changing hands. The stock had previously closed at $44.48.

RRC has been the subject of a number of analyst reports. Vetr downgraded shares of Range Resources Corp. from a “hold” rating to a “sell” rating and set a $40.37 price target for the company. in a report on Wednesday, June 1st. Nomura Holdings Inc. downgraded shares of Range Resources Corp. from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Wednesday, June 8th. Tudor Pickering downgraded shares of Range Resources Corp. from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Cantor Fitzgerald reissued an “under review” rating on shares of Range Resources Corp. in a research note on Monday, March 14th. Finally, Barclays PLC downgraded shares of Range Resources Corp. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $27.00 to $24.00 in a research note on Thursday, March 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.57.

The firm has a 50-day moving average price of $43.28 and a 200 day moving average price of $34.07. The stock’s market capitalization is $7.34 billion.

Range Resources Corp. (NYSE:RRC) last announced its quarterly earnings data on Thursday, April 28th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.09. The firm earned $331.40 million during the quarter, compared to analyst estimates of $319.11 million. Range Resources Corp.’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. Analysts expect that Range Resources Corp. will post ($0.51) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Monday, June 13th.

In other news, Director Anthony V. Dub sold 5,106 shares of the firm’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $45.57, for a total value of $232,680.42. Following the completion of the sale, the director now owns 98,897 shares in the company, valued at approximately $4,506,736.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony V. Dub sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $41.61, for a total transaction of $208,050.00. Following the completion of the sale, the director now owns 101,897 shares of the company’s stock, valued at approximately $4,239,934.17. The disclosure for this sale can be found here.

A number of institutional investors have made changes to their positions in RRC. KBC Group boosted its position in shares of Range Resources Corp. by 90.4% in the third quarter. KBC Group now owns 158,907 shares of the oil and gas exploration company’s stock worth $5,105,000 after buying an additional 75,430 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Range Resources Corp. by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 254,879 shares of the oil and gas exploration company’s stock worth $6,273,000 after buying an additional 3,230 shares during the period. Nationwide Fund Advisors increased its stake in shares of Range Resources Corp. by 2.4% in the fourth quarter. Nationwide Fund Advisors now owns 50,758 shares of the oil and gas exploration company’s stock worth $1,249,000 after buying an additional 1,187 shares during the period. California State Teachers Retirement System increased its stake in shares of Range Resources Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 322,598 shares of the oil and gas exploration company’s stock worth $7,939,000 after buying an additional 4,907 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Range Resources Corp. by 20.6% in the fourth quarter. Eagle Asset Management Inc. now owns 74,772 shares of the oil and gas exploration company’s stock worth $1,840,000 after buying an additional 12,797 shares during the last quarter.

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.

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