Range Resources Corporation (NYSE:RRC) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.42 and last traded at $17.34, with a volume of 4,889,913 shares changing hands. The stock had previously closed at $17.88.

A number of research firms recently issued reports on RRC. Scotiabank set a $35.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada set a $44.00 target price on shares of Range Resources Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. BidaskClub lowered shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Thursday, July 27th. Finally, Barclays PLC lowered their target price on shares of Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Range Resources Corporation has an average rating of “Buy” and an average target price of $42.14.

The stock has a market capitalization of $4.22 billion, a PE ratio of 116.89 and a beta of 0.92. The stock’s 50-day moving average is $22.18 and its 200 day moving average is $26.71.

Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business had revenue of $565 million during the quarter, compared to analysts’ expectations of $544.08 million. During the same quarter in the prior year, the business posted ($1.35) earnings per share. Range Resources Corporation’s revenue was up 55.8% compared to the same quarter last year. On average, analysts predict that Range Resources Corporation will post $0.56 earnings per share for the current fiscal year.

In related news, COO Ray N. Walker, Jr. sold 7,200 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.17, for a total transaction of $166,824.00. Following the completion of the sale, the chief operating officer now owns 63,861 shares of the company’s stock, valued at $1,479,659.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad L. Stephens sold 28,744 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $23.05, for a total transaction of $662,549.20. Following the sale, the insider now directly owns 106,692 shares of the company’s stock, valued at approximately $2,459,250.60. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 15,000 shares of company stock valued at $289,490 and have sold 36,521 shares valued at $842,742. Corporate insiders own 0.42% of the company’s stock.

A number of large investors have recently bought and sold shares of RRC. Bartlett & Co. LLC boosted its stake in Range Resources Corporation by 43.0% in the first quarter. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 1,045 shares in the last quarter. Smithfield Trust Co. boosted its stake in Range Resources Corporation by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after buying an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock valued at $119,000 after buying an additional 31 shares in the last quarter. Finally, Financial Architects Inc boosted its stake in Range Resources Corporation by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after buying an additional 1,200 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

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Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

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