Range Resources Corp. (NYSE:RRC) shares fell 3.5% on Tuesday . The stock traded as low as $39.13 and last traded at $39.27, with a volume of 1,586,006 shares traded. The stock had previously closed at $40.69.

Several research firms recently weighed in on RRC. Barclays PLC upped their price objective on shares of Range Resources Corp. from $24.00 to $30.00 and gave the stock an “underweight” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Range Resources Corp. in a research report on Sunday, July 17th. BMO Capital Markets reiterated a “market perform” rating and set a $44.00 price target on shares of Range Resources Corp. in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Drexel Hamilton reiterated a “buy” rating on shares of Range Resources Corp. in a research 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 price target on the stock in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.22.

The stock’s market capitalization is $6.47 billion. The stock’s 50 day moving average price is $42.38 and its 200-day moving average price is $37.01.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.07. The firm had revenue of $362.67 million for the quarter, compared to the consensus estimate of $327.40 million. Range Resources Corp.’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Analysts anticipate that Range Resources Corp. will post ($0.32) earnings per share for the current year.

In related news, Director Anthony V. Dub sold 5,106 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $45.57, for a total transaction of $232,680.42. Following the completion of the sale, the director now directly owns 98,897 shares in the company, valued at approximately $4,506,736.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief financial officer now owns 122,912 shares of the company’s stock, valued at $5,285,216. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of RRC. Broadview Advisors LLC boosted its stake in shares of Range Resources Corp. by 310.6% in the fourth quarter. Broadview Advisors LLC now owns 106,350 shares of the oil and gas exploration company’s stock worth $2,617,000 after buying an additional 80,450 shares during the period. 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 worth $2,836,000 after buying an additional 41,440 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Range Resources Corp. by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 391,600 shares of the oil and gas exploration company’s stock worth $9,637,000 after buying an additional 3,800 shares during the period. 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 period. Finally, Bank of Montreal Can boosted its stake in shares of Range Resources Corp. by 247.2% in the fourth quarter. Bank of Montreal Can now owns 96,017 shares of the oil and gas exploration company’s stock worth $2,363,000 after buying an additional 68,359 shares during the period.

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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