Range Resources Corporation (RRC) Stake Lifted by Kingfisher Capital LLC

Kingfisher Capital LLC lifted its position in shares of Range Resources Corporation (NYSE:RRC) by 51.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,809 shares of the oil and gas exploration company’s stock after acquiring an additional 22,040 shares during the quarter. Kingfisher Capital LLC’s holdings in Range Resources Corporation were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in shares of Range Resources Corporation by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after acquiring an additional 64 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Range Resources Corporation by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock worth $271,000 after acquiring an additional 100 shares during the period. Retirement Systems of Alabama increased its stake in shares of Range Resources Corporation by 0.3% during the second quarter. Retirement Systems of Alabama now owns 91,236 shares of the oil and gas exploration company’s stock worth $2,114,000 after acquiring an additional 305 shares during the period. M&T Bank Corp increased its stake in shares of Range Resources Corporation by 1.3% during the second quarter. M&T Bank Corp now owns 27,472 shares of the oil and gas exploration company’s stock worth $639,000 after acquiring an additional 360 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Range Resources Corporation by 5.6% during the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock worth $179,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Several brokerages have weighed in on RRC. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, July 17th. Citigroup Inc. lowered their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating on the stock 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, Scotiabank restated a “buy” rating and set a $30.00 target price on shares of Range Resources Corporation in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $31.89.

Range Resources Corporation (NYSE RRC) traded up $0.33 during trading on Monday, hitting $19.23. 6,383,900 shares of the stock traded hands, compared to its average volume of 5,883,533. Range Resources Corporation has a 52 week low of $15.99 and a 52 week high of $39.64. The firm has a market capitalization of $4,660.00, a price-to-earnings ratio of 53.42 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

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

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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.

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Institutional Ownership by Quarter for Range Resources Corporation (NYSE:RRC)

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