Equities research analysts expect Range Resources Corporation (NYSE:RRC) to report sales of $543.76 million for the current quarter, Zacks reports. Nine analysts have made estimates for Range Resources Corporation’s earnings. The lowest sales estimate is $468.80 million and the highest is $601.66 million. Range Resources Corporation reported sales of $413.21 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.6%. The business is expected to issue its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Range Resources Corporation will report full-year sales of $543.76 million for the current year, with estimates ranging from $2.24 billion to $2.63 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.74 billion per share, with estimates ranging from $2.63 billion to $2.88 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Range Resources Corporation.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.20. The firm had revenue of $565 million during the quarter, compared to analysts’ expectations of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The firm’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same period last year, the firm posted ($1.35) earnings per share.

RRC has been the subject of a number of recent research reports. KLR Group boosted their price target on shares of Range Resources Corporation from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. J P Morgan Chase & Co reissued a “buy” rating on shares of Range Resources Corporation in a research note on Tuesday, April 25th. Scotiabank reissued a “buy” rating and set a $44.00 price target on shares of Range Resources Corporation in a research note on Friday, April 21st. Jefferies Group LLC reissued a “buy” rating and set a $41.00 price target on shares of Range Resources Corporation in a research note on Monday, May 1st. Finally, Evercore ISI raised shares of Range Resources Corporation to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.14.

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Shares of Range Resources Corporation (NYSE RRC) opened at 16.81 on Friday. Range Resources Corporation has a one year low of $16.50 and a one year high of $43.60. The company’s 50-day moving average is $20.98 and its 200-day moving average is $25.91. The company has a market capitalization of $4.10 billion, a PE ratio of 113.58 and a beta of 0.92.

In other news, insider Chad L. Stephens sold 28,744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $23.05, for a total value of $662,549.20. Following the sale, the insider now directly owns 106,692 shares in the company, valued at approximately $2,459,250.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steffen E. Palko purchased 15,000 shares of Range Resources Corporation 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 completion of the purchase, the director now owns 27,267 shares in the company, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 30,000 shares of company stock worth $541,640 and sold 36,521 shares worth $842,742. Company insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of RRC. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 period. Louisiana State Employees Retirement System raised its position in shares of Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. raised its position in shares of Range Resources Corporation by 1.1% in the first quarter. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company’s stock worth $360,000 after buying an additional 140 shares during the period. Advantus Capital Management Inc raised its position in shares of Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock worth $548,000 after buying an additional 185 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of 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 period. Institutional investors own 93.84% of the company’s stock.

About Range Resources Corporation

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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