Range Resources (NYSE:RRC) Lowered to “Sell” Rating by StockNews.com

Range Resources (NYSE:RRC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also weighed in on the stock. Citigroup lowered shares of Range Resources from a “neutral” rating to a “reduce” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $42.00 price objective on shares of Range Resources in a research report on Friday. Mizuho increased their target price on Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays set a $43.00 price target on Range Resources and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, Stephens set a $51.00 price objective on Range Resources and gave the company an “overweight” rating in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus price target of $41.43.

Range Resources Stock Down 0.3 %

NYSE:RRC traded down $0.09 during trading hours on Tuesday, reaching $33.37. The company’s stock had a trading volume of 2,274,207 shares, compared to its average volume of 2,426,897. Range Resources has a one year low of $27.29 and a one year high of $41.95. The business’s 50-day moving average is $37.51 and its 200-day moving average is $35.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.13. The business had revenue of $626.42 million for the quarter, compared to the consensus estimate of $676.53 million. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. During the same period last year, the business earned $0.63 EPS. Equities research analysts predict that Range Resources will post 2.02 EPS for the current year.

Institutional Trading of Range Resources

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in shares of Range Resources by 87.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 471 shares in the last quarter. UMB Bank n.a. boosted its stake in Range Resources by 59.0% in the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after acquiring an additional 426 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Range Resources during the 4th quarter worth $42,000. Geneos Wealth Management Inc. bought a new stake in shares of Range Resources during the 4th quarter valued at $46,000. Finally, Versant Capital Management Inc lifted its stake in shares of Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds 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.