Range Resources Corporation (NYSE: RRC) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – Range Resources Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 8/9/2017 – Range Resources Corporation had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $18.00 price target on the stock, down previously from $20.00.
  • 8/3/2017 – Range Resources Corporation had its price target lowered by analysts at Barclays PLC from $20.00 to $18.00. They now have an “underweight” rating on the stock.
  • 7/27/2017 – Range Resources Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “Range Resources has extensive oil and gas resources in the key regions like Marcellus and North Louisiana. The company is planning to invest $1.07 billion in these properties for well drilling and completion purposes in 2017. In the Marcellus play, the company will likely bring 118 wells on line this year, while 56 wells are expected to produce first gas and oil in North Louisiana. These developments are likely to help Range Resources reach its 33–35% year-over-year natural gas and oil production growth target. Moreover, the company completed the merger with Memorial Resource Development Corp.  The transaction is expected to boost the company’s position as a premier independent natural gas, oil and NGL producer in the United States with remarkable core acreage positions in both the Appalachian Basin and Northern Louisiana.”
  • 7/25/2017 – Range Resources Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/21/2017 – Range Resources Corporation had its price target lowered by analysts at Citigroup Inc. from $42.00 to $34.00. They now have a “buy” rating on the stock.
  • 7/17/2017 – Range Resources Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “Range Resources has extensive oil and gas resources in the key regions like Marcellus and North Louisiana. The company is planning to invest $1.07 billion in these properties for well drilling and completion purposes in 2017. In the Marcellus play, the company will likely bring 118 wells on line this year, while 56 wells are expected to produce first gas and oil in North Louisiana. These developments are likely to help Range Resources reach its 33–35% year-over-year natural gas and oil production growth target. Moreover, the company completed the merger with Memorial Resource Development Corp.  The transaction is expected to boost the company’s position as a premier independent natural gas, oil and NGL producer in the United States with remarkable core acreage positions in both the Appalachian Basin and Northern Louisiana.”
  • 7/14/2017 – Range Resources Corporation had its price target lowered by analysts at BMO Capital Markets from $35.00 to $30.00. They now have a “market perform” rating on the stock.
  • 7/1/2017 – Range Resources Corporation was given a new $35.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/27/2017 – Range Resources Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/26/2017 – Range Resources Corporation was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/14/2017 – Range Resources Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Range Resources Corporation (NYSE:RRC) traded up 0.53% during midday trading on Thursday, reaching $16.92. 6,870,346 shares of the company’s stock traded hands. The stock has a market cap of $4.13 billion, a P/E ratio of 114.32 and a beta of 0.92. Range Resources Corporation has a 52-week low of $16.67 and a 52-week high of $43.60. The stock has a 50-day moving average price of $21.23 and a 200-day moving average price of $26.10.

Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same quarter last year, the business earned ($1.35) EPS. The company’s revenue was up 55.8% compared to the same quarter last year. Analysts forecast that Range Resources Corporation will post $0.54 earnings per share for the current year.

In related news, Director Steffen E. Palko acquired 15,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the purchase, the director now directly owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad L. Stephens sold 28,744 shares of Range Resources Corporation stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $23.05, for a total transaction of $662,549.20. Following the completion of the sale, the insider now 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 90 days, insiders have acquired 30,000 shares of company stock valued at $541,640 and have sold 36,521 shares valued at $842,742. 2.40% of the stock is currently owned by company insiders.

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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