Range Resources Corporation (NYSE:RRC) Director Steffen E. Palko purchased 15,000 shares of the stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $16.81 per share, with a total value of $252,150.00. Following the acquisition, the director now directly owns 27,267 shares in the company, valued at $458,358.27. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Range Resources Corporation (RRC) traded up 0.53% during trading on Thursday, reaching $16.92. 6,845,017 shares of the company’s stock traded hands. Range Resources Corporation has a 1-year low of $16.67 and a 1-year high of $43.60. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 114.32 and a beta of 0.92. The company has a 50 day moving average of $21.23 and a 200-day moving average of $26.10.

Range Resources Corporation (NYSE:RRC) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.20. The company had revenue of $565 million for the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The firm’s quarterly revenue was up 55.8% compared to the same quarter last year. During the same period last year, the business posted ($1.35) earnings per share. Equities analysts predict that Range Resources Corporation will post $0.54 earnings per share for the current year.

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Several research analysts have commented on RRC shares. Evercore ISI upgraded shares of Range Resources Corporation to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and set a $41.00 price target on shares of Range Resources Corporation in a report on Monday, May 1st. J P Morgan Chase & Co reiterated a “buy” rating on shares of Range Resources Corporation in a report on Tuesday, April 25th. Citigroup Inc. lowered their price target on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Scotiabank reiterated a “buy” rating and set a $44.00 price target on shares of Range Resources Corporation in a report on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.92.

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 worth $101,000 after buying an additional 1,045 shares during 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 worth $107,000 after buying an additional 3,840 shares during 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 worth $109,000 after buying an additional 257 shares during 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 worth $119,000 after buying an additional 31 shares during 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 worth $141,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Range Resources Corporation (NYSE:RRC)

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