Shares of Range Resources Corp. (NYSE:RRC) traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $40.44 and last traded at $40.44, with a volume of 1,601,619 shares traded. The stock had previously closed at $38.84.

Several analysts have issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Range Resources Corp. in a research report on Monday, May 9th. Drexel Hamilton reiterated a “buy” rating on shares of Range Resources Corp. in a research report on Saturday, April 30th. Deutsche Bank AG decreased their target price on shares of Range Resources Corp. from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, June 14th. Jefferies Group reiterated a “buy” rating on shares of Range Resources Corp. in a research report on Monday, May 16th. Finally, Vetr lowered shares of Range Resources Corp. from a “hold” rating to a “sell” rating and set a $40.37 target price on the stock. in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.22.

The firm’s market capitalization is $6.73 billion. The company has a 50-day moving average of $41.20 and a 200 day moving average of $37.54.

Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.07. During the same quarter last year, the business earned $0.01 EPS. The business earned $362.67 million during the quarter, compared to the consensus estimate of $327.40 million. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities analysts forecast that Range Resources Corp. will post ($0.29) EPS for the current fiscal year.

In related news, CFO Roger S. Manny sold 2,934 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $43.00, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anthony V. Dub sold 5,106 shares of the firm’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 transaction of $232,680.42. Following the completion of 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 have modified their holdings of RRC. Mutual of America Capital Management LLC raised its position 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 worth $1,103,000 after buying an additional 275 shares during the period. Bank of Montreal Can raised its position 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. Trexquant Investment LP raised its position in shares of 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. Stephens Investment Management Group LLC raised its position in shares of Range Resources Corp. by 19.7% in the fourth quarter. Stephens Investment Management Group LLC now owns 207,365 shares of the oil and gas exploration company’s stock worth $5,103,000 after buying an additional 34,100 shares during the period. Finally, Oarsman Capital Inc. raised 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 worth $1,644,000 after buying an additional 28,375 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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