Range Resources Corp. (NYSE:RRC) shares dropped 3% during mid-day trading on Thursday . The stock traded as low as $42.74 and last traded at $42.77, with a volume of 1,999,395 shares traded. The stock had previously closed at $44.09.

RRC has been the subject of several research reports. Vetr lowered shares of Range Resources Corp. from a “buy” rating to a “hold” rating and set a $34.98 target price for the company. in a research report on Monday, April 11th. Zacks Investment Research upgraded shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday. Imperial Capital upgraded shares of Range Resources Corp. from an “in-line” rating to an “outperform” rating and upped their price target for the company from $45.00 to $55.00 in a research report on Thursday. Tudor Pickering lowered shares of Range Resources Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Finally, Citigroup Inc. restated a “buy” rating and set a $38.00 price target (up from $30.00) on shares of Range Resources Corp. in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $43.86.

The firm’s market cap is $7.16 billion. The firm has a 50 day moving average price of $43.79 and a 200 day moving average price of $34.75.

Range Resources Corp. (NYSE:RRC) last issued its earnings results on Thursday, April 28th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.09. The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $319.11 million. The firm’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 firm posted $0.16 EPS. On average, equities analysts expect that Range Resources Corp. will post ($0.43) 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 issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Monday, June 13th.

In other news, Director Anthony V. Dub sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was 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 in the company, valued at approximately $4,239,934.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roger S. Manny sold 2,934 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $43.00, for a total value of $126,162.00. Following the sale, the chief financial officer now owns 122,912 shares of the company’s stock, valued at approximately $5,285,216. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of RRC. KBC Group boosted its stake 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 boosted 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 last quarter. Nationwide Fund Advisors boosted 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 last quarter. Eagle Asset Management Inc. boosted its stake in shares of 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. Finally, Swiss National Bank boosted its stake in shares of Range Resources Corp. by 1.5% in the fourth quarter. Swiss National Bank now owns 306,329 shares of the oil and gas exploration company’s stock worth $7,539,000 after buying an additional 4,600 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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