Range Resources Corporation (NYSE:RRC) Given Consensus Rating of "Hold" by Analysts

Range Resources Corporation (NYSE:RRC - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.95.

RRC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Range Resources from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $43.00 to $45.00 in a research report on Thursday, March 13th. Citigroup downgraded shares of Range Resources from a "neutral" rating to a "reduce" rating in a research report on Wednesday, March 5th. Williams Trading set a $40.00 price target on shares of Range Resources in a research report on Wednesday, March 5th. Mizuho lifted their price target on shares of Range Resources from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, Roth Mkm upgraded shares of Range Resources from a "neutral" rating to a "buy" rating and lifted their price target for the company from $41.00 to $42.00 in a research report on Tuesday, April 8th.

Range Resources Stock Up 1.3%

NYSE RRC opened at $41.94 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.28. Range Resources has a 1-year low of $27.29 and a 1-year high of $43.50. The company has a 50 day moving average of $38.08 and a 200-day moving average of $37.54. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 0.33 and a beta of 0.63.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.86%. Range Resources's dividend payout ratio is 32.14%.

Insider Buying and Selling

In related news, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction 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 sale, the director now owns 13,663 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. Also, SVP Erin W. Mcdowell sold 9,568 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.62, for a total transaction of $388,652.16. Following the completion of the sale, the senior vice president now directly owns 13,800 shares in the company, valued at approximately $560,556. This represents a 40.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,080 shares of company stock valued at $2,984,479 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Trading of Range Resources

A number of institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its position in Range Resources by 246.1% during the first quarter. Voya Investment Management LLC now owns 135,996 shares of the oil and gas exploration company's stock valued at $5,430,000 after acquiring an additional 96,701 shares during the last quarter. Howe & Rusling Inc. boosted its position in Range Resources by 1.1% during the first quarter. Howe & Rusling Inc. now owns 262,382 shares of the oil and gas exploration company's stock valued at $10,477,000 after acquiring an additional 2,908 shares during the last quarter. Strs Ohio bought a new stake in Range Resources during the first quarter valued at $1,211,000. Acadian Asset Management LLC boosted its position in Range Resources by 2,646.3% during 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 acquiring an additional 72,403 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Range Resources during the first quarter valued at $285,000. 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.

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