Range Resources Corporation (RRC) Rating Reiterated by KeyCorp

Range Resources Corporation (NYSE:RRC)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Monday.

Several other research analysts also recently issued reports on RRC. Robert W. Baird reduced their price target on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 11th. Barclays PLC reiterated an “underweight” rating and set a $18.00 price target (down previously from $20.00) on shares of Range Resources Corporation in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a research report on Thursday, August 10th. Citigroup Inc. reduced their price target on shares of Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Finally, Cowen and Company reiterated a “buy” rating and set a $35.00 price target on shares of Range Resources Corporation in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Range Resources Corporation currently has an average rating of “Buy” and a consensus target price of $31.89.

Shares of Range Resources Corporation (NYSE RRC) opened at $17.35 on Monday. Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.64. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. The company has a market cap of $4,610.43, a price-to-earnings ratio of 51.61 and a beta of 0.91.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the previous year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. sell-side analysts expect that Range Resources Corporation will post 0.47 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Range Resources Corporation by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares in the last quarter. Sanders Capital LLC increased its stake in Range Resources Corporation by 4.5% during the 3rd quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock worth $332,679,000 after purchasing an additional 673,214 shares in the last quarter. BlackRock Inc. increased its stake in Range Resources Corporation by 6.8% during the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after purchasing an additional 890,348 shares in the last quarter. State Street Corp increased its stake in Range Resources Corporation by 15.0% during the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after purchasing an additional 1,805,404 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Range Resources Corporation by 14.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after purchasing an additional 612,032 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Range Resources Corporation Company Profile

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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