Range Resources Co. (NYSE:RRC) Given Consensus Rating of "Hold" by Brokerages

Shares of Range Resources Co. (NYSE:RRC - Get Free Report) have been given a consensus rating of "Hold" by the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $41.95.

Several brokerages recently commented on RRC. Mizuho upped their target price on Range Resources from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. UBS Group upped their price objective on shares of Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $42.00 price objective on shares of Range Resources in a research report on Friday, April 11th. Citigroup lowered shares of Range Resources from a "neutral" rating to a "reduce" rating in a report on Wednesday, March 5th. Finally, Stephens reaffirmed an "overweight" rating and set a $49.00 price target on shares of Range Resources in a research report on Wednesday, April 23rd.

Insider Activity at Range Resources

In other news, Director James M. Funk sold 13,582 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total value of $475,777.46. Following the completion of the sale, the director now directly owns 54,394 shares of the company's stock, valued at $1,905,421.82. This represents a 19.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reginal Spiller sold 4,200 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total value of $168,672.00. Following the completion of the transaction, the director now owns 13,663 shares in the company, valued at $548,706.08. This represents a 23.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,080 shares of company stock valued at $2,984,479. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Range Resources

Several institutional investors have recently bought and sold shares of RRC. Strs Ohio purchased a new position in Range Resources during the 1st quarter worth $1,211,000. Acadian Asset Management LLC raised its holdings in shares of Range Resources by 2,646.3% in the first quarter. Acadian Asset Management LLC now owns 75,139 shares of the oil and gas exploration company's stock valued at $3,000,000 after purchasing an additional 72,403 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Range Resources during the first quarter valued at about $285,000. Plato Investment Management Ltd purchased a new position in Range Resources during the first quarter worth about $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Range Resources by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 466,796 shares of the oil and gas exploration company's stock worth $18,639,000 after purchasing an additional 8,816 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Range Resources Trading Down 3.2%

Shares of NYSE:RRC traded down $1.24 during mid-day trading on Friday, reaching $37.97. 4,435,952 shares of the company's stock were exchanged, compared to its average volume of 2,481,673. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. Range Resources has a twelve month low of $27.29 and a twelve month high of $41.95. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 5.11 and a beta of 0.60. The business's fifty day moving average price is $36.55 and its 200-day moving average price is $36.90.

Range Resources Dividend Announcement

The company 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 $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.95%. Range Resources's dividend payout ratio is currently 32.14%.

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.