Range Resources Corporation $RRC Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Range Resources Corporation (NYSE:RRC) by 464.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 206,838 shares of the oil and gas exploration company’s stock after purchasing an additional 170,184 shares during the period. Intech Investment Management LLC’s holdings in Range Resources were worth $7,785,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Hantz Financial Services Inc. boosted its position in shares of Range Resources by 1,464.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 751 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 703 shares during the period. True Wealth Design LLC boosted its holdings in shares of Range Resources by 116.3% during the third quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $38,000 after purchasing an additional 541 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Range Resources by 49.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock valued at $38,000 after acquiring an additional 336 shares in the last quarter. Allworth Financial LP grew its stake in Range Resources by 196.5% in the second quarter. Allworth Financial LP now owns 1,103 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 731 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Range Resources by 510.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,708 shares of the oil and gas exploration company’s stock worth $69,000 after purchasing an additional 1,428 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RRC shares. Morgan Stanley lowered their price target on Range Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. TD Cowen upgraded shares of Range Resources to a “hold” rating in a research note on Monday, February 9th. Piper Sandler dropped their price target on shares of Range Resources from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. UBS Group raised their price target on shares of Range Resources from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Range Resources in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.29.

Range Resources Price Performance

NYSE RRC opened at $41.29 on Friday. Range Resources Corporation has a 1 year low of $30.32 and a 1 year high of $43.50. The company has a fifty day simple moving average of $36.14 and a 200 day simple moving average of $36.34. The company has a current ratio of 0.67, a quick ratio of 0.56 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.72 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.36 and a beta of 0.58.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.13. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The firm had revenue of $786.89 million during the quarter, compared to analyst estimates of $770.92 million. During the same quarter in the previous year, the business earned $0.68 EPS. The business’s revenue was up 30.9% on a year-over-year basis. On average, sell-side analysts predict that Range Resources Corporation will post 2.02 EPS for the current year.

Range Resources Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.