Range Resources Co. (NYSE:RRC) Director Reginal Spiller Sells 4,200 Shares

Range Resources Co. (NYSE:RRC - Get Free Report) Director Reginal Spiller sold 4,200 shares of Range Resources stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the completion of the sale, the director now owns 13,663 shares of the company's stock, valued at approximately $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Range Resources Stock Down 3.2%

RRC traded down $1.24 on Friday, hitting $37.97. 4,435,952 shares of the company were exchanged, compared to its average volume of 2,480,591. Range Resources Co. has a 12 month low of $27.29 and a 12 month high of $41.95. The company has a market cap of $9.07 billion, a PE ratio of 19.18, a PEG ratio of 5.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The stock's fifty day moving average is $36.55 and its 200-day moving average is $36.88.

Range Resources (NYSE:RRC - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. Equities research analysts predict that Range Resources Co. will post 2.02 EPS for the current fiscal year.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.95%. Range Resources's payout ratio is presently 32.14%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Roth Mkm upgraded shares of Range Resources from a "neutral" rating to a "buy" rating and upped their target price for the company from $41.00 to $42.00 in a research report on Tuesday, April 8th. Raymond James upped their price objective on Range Resources from $46.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, March 31st. The Goldman Sachs Group raised their target price on Range Resources from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Truist Financial boosted their target price on Range Resources from $35.00 to $37.00 and gave the stock a "hold" rating in a research report on Monday, March 17th. Finally, Williams Trading set a $40.00 price target on shares of Range Resources in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Range Resources has an average rating of "Hold" and an average target price of $41.95.

Institutional Trading of Range Resources

Several institutional investors and hedge funds have recently bought and sold shares of RRC. Hollencrest Capital Management acquired a new position in Range Resources during the first quarter worth approximately $33,000. Bessemer Group Inc. increased its position in Range Resources by 48.0% during the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock worth $39,000 after buying an additional 315 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Range Resources during the first quarter worth approximately $39,000. Smartleaf Asset Management LLC increased its position in Range Resources by 87.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after buying an additional 471 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Range Resources during the fourth quarter worth approximately $42,000. Institutional investors own 98.93% of the company's stock.

About Range Resources

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.