Range Resources Corporation (NYSE:RRC) VP David P. Poole sold 30,920 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total transaction of $505,851.20. Following the completion of the transaction, the vice president now directly owns 17,647 shares in the company, valued at approximately $288,704.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Range Resources Corporation (NYSE RRC) traded down $0.36 during midday trading on Friday, reaching $15.63. 14,972,587 shares of the company’s stock traded hands, compared to its average volume of 5,957,280. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. Range Resources Corporation has a twelve month low of $15.33 and a twelve month high of $36.40. The stock has a market capitalization of $4,029.78, a price-to-earnings ratio of 45.11 and a beta of 0.91.
Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. equities analysts expect that Range Resources Corporation will post 0.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.51%. Range Resources’s payout ratio is -38.09%.
Several research analysts have recently weighed in on RRC shares. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of Range Resources in a report on Tuesday, October 10th. Scotiabank reaffirmed a “buy” rating and issued a $30.00 price target on shares of Range Resources in a report on Monday, October 9th. Stifel Nicolaus set a $21.00 target price on Range Resources and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen reissued a “buy” rating and issued a $35.00 target price on shares of Range Resources in a research note on Tuesday, August 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $32.00 target price on shares of Range Resources in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.98.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Range Resources by 4.4% during the second quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock valued at $537,603,000 after buying an additional 976,293 shares during the period. Sanders Capital LLC boosted its position in Range Resources by 4.5% during the third quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock valued at $332,679,000 after buying an additional 673,214 shares during the period. BlackRock Inc. boosted its position in Range Resources by 6.8% during the second quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock valued at $324,936,000 after buying an additional 890,348 shares during the period. State Street Corp boosted its position in Range Resources by 15.0% during the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock valued at $321,059,000 after buying an additional 1,805,404 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Range Resources by 14.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after purchasing an additional 612,032 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.
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Range Resources 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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