Howe & Rusling Inc. acquired a new stake in Range Resources Corp. (NYSE:RRC) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,000 shares of the oil and gas exploration company’s stock, valued at approximately $315,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pearl River Capital LLC bought a new stake in shares of Range Resources during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC increased its position in shares of Range Resources by 667.8% during the first quarter. Quadrant Capital Group LLC now owns 2,242 shares of the oil and gas exploration company’s stock valued at $25,000 after buying an additional 1,950 shares during the period. Rational Advisors LLC increased its position in shares of Range Resources by 3,255.6% during the fourth quarter. Rational Advisors LLC now owns 3,020 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 2,930 shares during the period. Sit Investment Associates Inc. bought a new stake in shares of Range Resources during the fourth quarter valued at about $45,000. Finally, Ayalon Holdings Ltd. increased its position in shares of Range Resources by 87.1% during the fourth quarter. Ayalon Holdings Ltd. now owns 6,939 shares of the oil and gas exploration company’s stock valued at $66,000 after buying an additional 3,230 shares during the period.

RRC stock opened at $9.18 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.37 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.68 and a beta of 1.16. Range Resources Corp. has a 1-year low of $8.96 and a 1-year high of $18.59.

Range Resources (NYSE:RRC) last posted its quarterly earnings data on Monday, April 22nd. The oil and gas exploration company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The company had revenue of $748.13 million for the quarter, compared to analysts’ expectations of $789.65 million. Range Resources had a negative net margin of 54.57% and a positive return on equity of 5.23%. Range Resources’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, sell-side analysts predict that Range Resources Corp. will post 0.59 earnings per share for the current year.

Several equities research analysts have recently weighed in on RRC shares. Bank of America cut Range Resources from a “neutral” rating to an “underperform” rating in a research report on Friday, January 4th. BMO Capital Markets cut Range Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. TD Securities upgraded Range Resources from a “hold” rating to a “buy” rating and decreased their price target for the company from $19.00 to $15.00 in a research report on Monday, January 7th. Royal Bank of Canada reiterated a “buy” rating on shares of Range Resources in a research report on Monday, January 7th. Finally, KeyCorp started coverage on Range Resources in a research report on Tuesday, January 8th. They set a “sector weight” rating and a $11.13 price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.51.

In related news, Director Steven D. Gray acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of $10.95 per share, for a total transaction of $219,000.00. Following the completion of the transaction, the director now owns 7,804 shares in the company, valued at $85,453.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James M. Funk acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of $9.80 per share, for a total transaction of $98,000.00. Following the completion of the transaction, the director now owns 22,706 shares of the company’s stock, valued at approximately $222,518.80. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

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About Range Resources

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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Institutional Ownership by Quarter for Range Resources (NYSE:RRC)

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