Range Resources Corporation $RRC Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in shares of Range Resources Corporation (NYSE:RRC) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 458,468 shares of the oil and gas exploration company’s stock after acquiring an additional 25,351 shares during the quarter. Kennedy Capital Management LLC owned about 0.19% of Range Resources worth $18,646,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC lifted its stake in Range Resources by 10.7% in the 1st quarter. Natixis Advisors LLC now owns 158,744 shares of the oil and gas exploration company’s stock worth $6,338,000 after purchasing an additional 15,374 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Range Resources by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 16,555 shares of the oil and gas exploration company’s stock valued at $661,000 after purchasing an additional 958 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Range Resources by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,151,250 shares of the oil and gas exploration company’s stock worth $85,899,000 after buying an additional 38,648 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in Range Resources during the first quarter worth $6,361,000. Finally, Telemark Asset Management LLC grew its holdings in Range Resources by 75.0% in the 1st quarter. Telemark Asset Management LLC now owns 700,000 shares of the oil and gas exploration company’s stock valued at $27,951,000 after buying an additional 300,000 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company upgraded Range Resources to a “strong-buy” rating in a report on Thursday, October 16th. Susquehanna cut their price objective on shares of Range Resources to $39.00 and set a “neutral” rating for the company in a research report on Monday, October 20th. Barclays raised shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Roth Capital cut shares of Range Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $44.00 to $35.00 in a research note on Monday, August 18th. Finally, Raymond James Financial cut their price target on shares of Range Resources from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.85.

Range Resources Price Performance

Range Resources stock opened at $39.87 on Thursday. The company’s 50 day simple moving average is $37.70 and its 200-day simple moving average is $37.31. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.31 and a beta of 0.47. Range Resources Corporation has a 1 year low of $30.32 and a 1 year high of $43.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $655.30 million during the quarter, compared to analyst estimates of $721.22 million. Range Resources had a return on equity of 15.99% and a net margin of 19.64%.The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. As a group, equities research analysts expect that Range Resources Corporation will post 2.02 earnings per share for the current year.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be issued a $0.09 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Range Resources’s payout ratio is 15.13%.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.