Range Resources Corp. (NYSE:RRC) shares dropped 1.3% during trading on Wednesday . The stock traded as low as $41.45 and last traded at $42.81, with a volume of 1,054,004 shares. The stock had previously closed at $43.39.

RRC has been the topic of several research reports. KLR Group downgraded Range Resources Corp. from a “buy” rating to an “accumulate” rating and set a $46.00 price objective on the stock. in a report on Monday, May 2nd. Citigroup Inc. restated a “buy” rating and set a $38.00 price objective (up from $30.00) on shares of Range Resources Corp. in a report on Thursday, April 7th. Vetr upgraded Range Resources Corp. from a “hold” rating to a “buy” rating and set a $35.81 price objective on the stock in a report on Monday, April 4th. Jefferies Group reiterated a “buy” rating and issued a $45.00 price target on shares of Range Resources Corp. in a report on Friday, April 29th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of Range Resources Corp. in a report on Saturday, April 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.73.

The stock’s market cap is $6.99 billion. The stock has a 50-day moving average of $43.87 and a 200 day moving average of $35.36.

Range Resources Corp. (NYSE:RRC) last posted its earnings results on Thursday, April 28th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.09. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm had revenue of $331.40 million for the quarter, compared to analyst estimates of $319.11 million. The company’s revenue for the quarter was down 28.4% on a year-over-year basis. On average, equities research analysts forecast that Range Resources Corp. will post ($0.44) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a 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 company’s stock in a transaction that occurred 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 directly owns 98,897 shares of the company’s stock, valued at approximately $4,506,736.29. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony V. Dub sold 5,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 101,897 shares of the company’s stock, valued at $4,239,934.17. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of RRC. Schaller Investment Group Inc. raised 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 worth $3,258,000 after buying an additional 109,500 shares in the last quarter. KBC Group raised 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 in the last quarter. Swiss National Bank raised 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 in the last quarter. First Washington CORP raised 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 worth $2,836,000 after buying an additional 41,440 shares in the last quarter. Finally, Nationwide Fund Advisors raised 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 in 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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