Shares of Range Resources Corp. (NYSE:RRC) fell 3.9% during trading on Wednesday . The stock traded as low as $39.05 and last traded at $40.22, with a volume of 5,061,882 shares. The stock had previously closed at $41.87.

Several brokerages have commented on RRC. Barclays PLC raised their target price on shares of Range Resources Corp. from $24.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. restated a “hold” rating on shares of Range Resources Corp. in a report on Sunday, July 17th. BMO Capital Markets restated a “buy” rating and set a $49.00 target price on shares of Range Resources Corp. in a report on Wednesday. Drexel Hamilton restated a “buy” rating on shares of Range Resources Corp. in a report on Saturday, April 30th. Finally, Zacks Investment Research upgraded shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.46.

The stock’s 50-day moving average is $43.42 and its 200-day moving average is $35.94. The stock’s market capitalization is $6.74 billion.

Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings results on Tuesday, July 26th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.07. During the same quarter in the previous year, the company posted $0.01 EPS. The firm had revenue of $362.67 million for the quarter, compared to the consensus estimate of $327.40 million. The firm’s revenue was down 10.4% compared to the same quarter last year. On average, analysts expect that Range Resources Corp. will post ($0.42) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.20%.

In other news, CFO Roger S. Manny sold 2,934 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $43.00, for a total transaction of $126,162.00. Following the completion of the transaction, the chief financial officer now owns 122,912 shares in the company, valued at approximately $5,285,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony V. Dub sold 5,106 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $45.57, for a total value of $232,680.42. Following the transaction, the director now owns 98,897 shares of the company’s stock, valued at approximately $4,506,736.29. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of RRC. BlackRock Advisors LLC increased its position in shares of Range Resources Corp. by 5.5% in the fourth quarter. BlackRock Advisors LLC now owns 759,582 shares of the oil and gas exploration company’s stock valued at $18,693,000 after buying an additional 39,609 shares in the last quarter. Oarsman Capital Inc. increased its position in shares of Range Resources Corp. by 73.8% in the fourth quarter. Oarsman Capital Inc. now owns 66,810 shares of the oil and gas exploration company’s stock valued at $1,644,000 after buying an additional 28,375 shares in the last quarter. Morningstar Investment Services LLC increased its position in shares of Range Resources Corp. by 51.6% in the fourth quarter. Morningstar Investment Services LLC now owns 132,967 shares of the oil and gas exploration company’s stock valued at $3,272,000 after buying an additional 45,255 shares in the last quarter. First Washington CORP increased its position 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 in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Range Resources Corp. by 430.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 85,405 shares of the oil and gas exploration company’s stock valued at $2,102,000 after buying an additional 69,316 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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