Range Resources Corp. (NYSE:RRC)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Wednesday. They presently have a $49.00 price target on the oil and gas exploration company’s stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 27.84% from the company’s previous close.

Several other equities research analysts also recently issued reports on RRC. Vetr upgraded shares of Range Resources Corp. from a “sell” rating to a “hold” rating and set a $40.37 price objective for the company in a research report on Thursday, May 26th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Range Resources Corp. in a report on Thursday, June 2nd. Nomura cut shares of Range Resources Corp. from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Wednesday, June 8th. Deutsche Bank AG lowered 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 report on Tuesday, June 14th. Finally, Stifel Nicolaus raised shares of Range Resources Corp. from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, July 8th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Range Resources Corp. presently has an average rating of “Buy” and an average price target of $44.28.

Range Resources Corp. (NYSE:RRC) opened at 38.33 on Wednesday. Range Resources Corp. has a 12-month low of $19.21 and a 12-month high of $46.96. The firm’s 50-day moving average price is $39.75 and its 200 day moving average price is $39.68. The firm’s market cap is $6.39 billion.

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, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The firm earned $362.67 million during the quarter, compared to the consensus estimate of $327.40 million. Range Resources Corp. had a negative net margin of 71.00% and a negative return on equity of 14.57%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. Analysts forecast that Range Resources Corp. will post ($0.20) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, September 14th. Range Resources Corp.’s payout ratio is presently -1.42%.

In other news, COO Ray N. Walker, Jr. sold 13,350 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $37.53, for a total transaction of $501,025.50. Following the completion of the sale, the chief operating officer now directly owns 42,598 shares of the company’s stock, valued at $1,598,702.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. increased its stake in Range Resources Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 7,965 shares of the oil and gas exploration company’s stock valued at $344,000 after buying an additional 64 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in Range Resources Corp. by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 10,919 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 122 shares during the last quarter. Advantus Capital Management Inc increased its stake in Range Resources Corp. by 0.8% in the second quarter. Advantus Capital Management Inc now owns 16,370 shares of the oil and gas exploration company’s stock valued at $706,000 after buying an additional 127 shares during the last quarter. World Asset Management Inc increased its stake in Range Resources Corp. by 0.9% in the second quarter. World Asset Management Inc now owns 15,999 shares of the oil and gas exploration company’s stock valued at $690,000 after buying an additional 136 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Range Resources Corp. by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,420 shares of the oil and gas exploration company’s stock valued at $578,000 after buying an additional 145 shares during the last quarter.

About Range Resources Corp.

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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