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

RRC has been the subject of several analyst reports. KLR Group upgraded shares of Range Resources Corp. from an “accumulate” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, July 12th. Vetr lowered shares of Range Resources Corp. from a “hold” rating to a “sell” rating and set a $44.39 target price for the company. in a report on Tuesday, June 21st. Imperial Capital upgraded shares of Range Resources Corp. from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $45.00 to $55.00 in a report on Thursday, July 14th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $52.00 target price on shares of Range Resources Corp. in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $45.22.

The firm’s market capitalization is $6.48 billion. The stock has a 50 day moving average price of $42.14 and a 200-day moving average price of $37.02.

Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. During the same period in the previous year, the company posted $0.01 earnings per share. The firm earned $362.67 million during the quarter, compared to analyst estimates of $327.40 million. Range Resources Corp.’s revenue was down 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Range Resources Corp. will post ($0.32) EPS for the current fiscal year.

In related 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 sale, the chief financial officer now directly owns 122,912 shares of the company’s stock, valued at $5,285,216. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chad L. Stephens sold 30,562 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 value of $1,314,166.00. Following the sale, the vice president now directly owns 100,846 shares of the company’s stock, valued at $4,336,378. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Mutual of America Capital Management LLC increased its stake in shares of Range Resources Corp. by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,829 shares of the oil and gas exploration company’s stock valued at $1,103,000 after buying an additional 275 shares in the last quarter. Nationwide Fund Advisors increased its stake in 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. Oarsman Capital Inc. increased its stake in 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 worth $1,644,000 after buying an additional 28,375 shares during the period. BNP Paribas Arbitrage SA increased its stake in 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 worth $2,102,000 after buying an additional 69,316 shares during the period. Finally, Trexquant Investment LP increased its stake in Range Resources Corp. by 213.4% in the fourth quarter. Trexquant Investment LP now owns 94,975 shares of the oil and gas exploration company’s stock worth $2,337,000 after buying an additional 64,675 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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