Range Resources Corporation (NYSE:RRC)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Thursday. They presently have a $20.00 price target on the oil and gas exploration company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 6.50% from the stock’s current price.

RRC has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) lowered shares of Range Resources Corporation from a “conviction-buy” rating to a “buy” rating and set a $42.50 price objective on the stock. in a report on Friday, June 2nd. Robert W. Baird cut their price objective on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, August 11th. Citigroup Inc. cut their price objective on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, July 17th. Finally, Jefferies Group LLC set a $36.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.33.

Range Resources Corporation (NYSE:RRC) traded up 3.02% during trading on Thursday, reaching $18.78. The company had a trading volume of 9,914,287 shares. Range Resources Corporation has a 52-week low of $16.00 and a 52-week high of $40.20. The company has a market capitalization of $4.58 billion, a PE ratio of 126.89 and a beta of 0.94. The stock has a 50 day moving average price of $18.07 and a 200-day moving average price of $23.49.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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 $565.00 million for the quarter, compared to analyst estimates of $544.08 million. During the same quarter in the previous year, the business posted ($1.35) EPS. The firm’s revenue was up 55.8% compared to the same quarter last year. On average, equities research analysts anticipate that Range Resources Corporation will post $0.51 earnings per share for the current fiscal year.

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In related news, Director Mary Ralph Lowe purchased 10,000 shares of Range Resources Corporation stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of $17.99 per share, with a total value of $179,900.00. Following the purchase, the director now owns 25,413 shares in the company, valued at approximately $457,179.87. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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 cost of $16.81 per share, with a total value 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 ninety days, insiders bought 26,000 shares of company stock valued at $449,800. Company insiders own 2.40% of the company’s stock.

Several large investors have recently modified their holdings of RRC. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Range Resources Corporation by 16.2% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,210 shares of the oil and gas exploration company’s stock worth $471,000 after acquiring an additional 2,259 shares during the period. State Treasurer State of Michigan lifted its stake in shares of Range Resources Corporation by 0.7% in the 1st quarter. State Treasurer State of Michigan now owns 61,807 shares of the oil and gas exploration company’s stock worth $1,799,000 after acquiring an additional 400 shares during the period. First Trust Advisors LP lifted its stake in shares of Range Resources Corporation by 52.9% in the 1st quarter. First Trust Advisors LP now owns 461,693 shares of the oil and gas exploration company’s stock worth $13,435,000 after acquiring an additional 159,805 shares during the period. American Century Companies Inc. lifted its stake in shares of Range Resources Corporation by 4.3% in the 1st quarter. American Century Companies Inc. now owns 627,015 shares of the oil and gas exploration company’s stock worth $18,246,000 after acquiring an additional 25,613 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Range Resources Corporation by 133.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,069 shares of the oil and gas exploration company’s stock worth $393,000 after acquiring an additional 7,481 shares during the period. 95.34% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Range Resources Corporation (NYSE:RRC)

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