Range Resources Corp. (NYSE:RRC) traded down 3% during 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.

A number of equities research analysts have recently issued reports on the company. Drexel Hamilton reiterated a “buy” rating on shares of Range Resources Corp. in a research note on Saturday, April 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Range Resources Corp. in a research note on Monday, May 9th. Deutsche Bank AG lowered their target price on Range Resources Corp. from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Tuesday, June 14th. Jefferies Group reiterated a “buy” rating on shares of Range Resources Corp. in a research note on Monday, May 16th. Finally, Vetr upgraded Range Resources Corp. from a “sell” rating to a “hold” rating and set a $36.06 target price for the company in a research note on Monday, April 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Range Resources Corp. presently has an average rating of “Buy” and a consensus price target of $44.73.

The stock’s 50 day moving average price is $43.84 and its 200-day moving average price is $34.95. The stock’s market capitalization is $7.18 billion.

Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings data on Thursday, April 28th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.09. The firm had revenue of $331.40 million for the quarter, compared to analyst estimates of $319.11 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s quarterly revenue was down 28.4% compared to the same quarter last year. Equities analysts forecast that Range Resources Corp. will post ($0.43) EPS for the current year.

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

In other Range Resources Corp. news, VP Chad L. Stephens sold 30,562 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $43.00, for a total transaction of $1,314,166.00. Following the transaction, the vice president now owns 100,846 shares of the company’s stock, valued at approximately $4,336,378. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Roger S. Manny sold 2,934 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $43.00, for a total value of $126,162.00. Following the transaction, the chief financial officer now directly owns 122,912 shares in the company, valued at approximately $5,285,216. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the stock. Schaller Investment Group Inc. boosted its stake in shares of Range Resources Corp. by 478.2% in the fourth quarter. Schaller Investment Group Inc. now owns 132,400 shares of the oil and gas exploration company’s stock valued at $3,258,000 after buying an additional 109,500 shares during the last quarter. 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 valued at $5,105,000 after buying an additional 75,430 shares during the last quarter. 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 valued at $7,539,000 after buying an additional 4,600 shares during the last quarter. First Washington CORP boosted its stake in shares of Range Resources Corp. by 56.2% in the fourth quarter. First Washington CORP now owns 115,240 shares of the oil and gas exploration company’s stock valued at $2,836,000 after buying an additional 41,440 shares during the last quarter. Finally, 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 valued at $1,249,000 after buying an additional 1,187 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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