Range Resources (RRC) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Range Resources (NYSE:RRC) from a buy rating to a hold rating in a research report report published on Friday.

Several other brokerages have also issued reports on RRC. KeyCorp reaffirmed a hold rating on shares of Range Resources in a research report on Monday, November 13th. BMO Capital Markets set a $30.00 target price on Range Resources and gave the stock a buy rating in a research report on Tuesday, October 10th. Jefferies Group reaffirmed a buy rating and set a $25.00 target price on shares of Range Resources in a research report on Tuesday, October 10th. Bank of America decreased their price target on Range Resources from $23.00 to $22.00 and set a neutral rating for the company in a report on Thursday, January 25th. Finally, Scotiabank set a $27.00 price target on Range Resources and gave the stock a buy rating in a report on Saturday, November 25th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $27.61.

Range Resources (NYSE:RRC) opened at $13.55 on Friday. The stock has a market capitalization of $3,360.00, a price-to-earnings ratio of -64.52, a P/E/G ratio of 0.86 and a beta of 0.68. 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 has a 12-month low of $13.26 and a 12-month high of $34.93.

In other news, CFO Roger S. Manny sold 10,757 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $16.42, for a total value of $176,629.94. Following the completion of the sale, the chief financial officer now directly owns 143,703 shares in the company, valued at approximately $2,359,603.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anthony V. Dub sold 2,897 shares of Range Resources stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.06, for a total value of $46,525.82. Following the transaction, the director now owns 96,000 shares of the company’s stock, valued at approximately $1,541,760. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,574 shares of company stock valued at $729,007. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in RRC. Teachers Advisors LLC boosted its stake in Range Resources by 12.0% during the 2nd quarter. Teachers Advisors LLC now owns 305,427 shares of the oil and gas exploration company’s stock valued at $7,077,000 after purchasing an additional 32,806 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Range Resources by 162.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 509,106 shares of the oil and gas exploration company’s stock valued at $11,808,000 after purchasing an additional 314,904 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Range Resources during the 2nd quarter valued at about $265,000. Northern Trust Corp boosted its stake in Range Resources by 9.4% during the 2nd quarter. Northern Trust Corp now owns 2,271,062 shares of the oil and gas exploration company’s stock valued at $52,620,000 after purchasing an additional 195,628 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Range Resources by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 333,062 shares of the oil and gas exploration company’s stock valued at $7,717,000 after purchasing an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 95.71% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Range Resources (NYSE:RRC)

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