Range Resources (NYSE:RRC) PT Raised to $37.00 at Stephens

Range Resources (NYSE:RRC - Get Free Report) had its target price boosted by Stephens from $36.00 to $37.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the oil and gas exploration company's stock. Stephens' price objective suggests a potential upside of 19.62% from the stock's previous close.

RRC has been the topic of several other research reports. Mizuho dropped their target price on shares of Range Resources from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Range Resources from $34.00 to $35.00 and gave the company a "hold" rating in a research note on Monday, July 8th. Wolfe Research began coverage on shares of Range Resources in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Scotiabank upgraded shares of Range Resources from a "sector perform" rating to a "sector outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company upgraded shares of Range Resources from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $39.00 in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Range Resources presently has an average rating of "Hold" and an average target price of $35.12.

Range Resources Stock Up 3.4 %

Shares of Range Resources stock traded up $1.03 on Wednesday, reaching $30.93. The stock had a trading volume of 5,924,428 shares, compared to its average volume of 2,362,692. The company has a 50 day moving average price of $30.19 and a 200 day moving average price of $33.09. The company has a quick ratio of 0.58, a current ratio of 0.58 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 $39.33. The stock has a market capitalization of $7.50 billion, a P/E ratio of 15.60 and a beta of 1.80.

Range Resources (NYSE:RRC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.16. The firm had revenue of $615.03 million for the quarter, compared to the consensus estimate of $617.90 million. Range Resources had a net margin of 17.62% and a return on equity of 13.93%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Range Resources will post 1.88 EPS for the current year.

Insider Activity at Range Resources

In other Range Resources news, VP Ashley Kavanaugh sold 12,700 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the transaction, the vice president now owns 9,670 shares of the company's stock, valued at $304,121.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.57% of the stock is currently owned by insiders.

Institutional Trading of Range Resources

Several hedge funds have recently made changes to their positions in RRC. Blue Trust Inc. raised its holdings in Range Resources by 107.8% in the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company's stock valued at $46,000 after acquiring an additional 705 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Range Resources in the third quarter valued at approximately $49,000. Fifth Third Bancorp raised its holdings in Range Resources by 21.2% in the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company's stock valued at $57,000 after acquiring an additional 299 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in Range Resources in the second quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC acquired a new stake in Range Resources in the second quarter valued at approximately $67,000. Institutional investors and hedge funds own 98.93% of the company's stock.

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.