KeyCorp reissued their hold rating on shares of Range Resources Corporation (NYSE:RRC) in a report published on Monday.

RRC has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Range Resources Corporation from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Monday, July 17th. Citigroup Inc. cut their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a buy rating for the company in a research report on Friday, July 21st. Stifel Nicolaus set a $21.00 target price on shares of Range Resources Corporation and gave the stock a buy rating in a research report on Thursday, October 5th. BidaskClub lowered shares of Range Resources Corporation from a hold rating to a sell rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reiterated a buy rating and set a $25.00 target price on shares of Range Resources Corporation in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $31.89.

Range Resources Corporation (NYSE:RRC) traded down $0.65 on Monday, reaching $18.58. 5,595,600 shares of the company traded hands, compared to its average volume of 5,882,217. The company has a market capitalization of $4,570.00, a price-to-earnings ratio of 53.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50. Range Resources Corporation has a one year low of $15.99 and a one year high of $39.64.

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

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

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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