Range Resources Corp. (NYSE:RRC) gapped down before the market opened on Friday . The stock had previously closed at $3.33, but opened at $3.26. Range Resources shares last traded at $3.20, with a volume of 7,488,378 shares traded.
Several equities analysts have issued reports on the company. Scotiabank cut Range Resources from an “outperform” rating to a “sector perform” rating and set a $5.00 target price on the stock. in a research report on Friday, December 6th. Citigroup cut Range Resources from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $5.00 in a research report on Monday, January 13th. They noted that the move was a valuation call. Cfra dropped their target price on Range Resources from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America dropped their target price on Range Resources from $8.00 to $4.00 and set an “underperform” rating on the stock in a research report on Thursday, October 24th. Finally, Susquehanna Bancshares reiterated a “negative” rating and set a $5.00 target price (down previously from $6.00) on shares of Range Resources in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.80.
The firm has a market cap of $784.46 million, a price-to-earnings ratio of -0.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.69 and a current ratio of 0.74. The business has a fifty day moving average of $4.07 and a two-hundred day moving average of $4.14.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RRC. AQR Capital Management LLC acquired a new stake in shares of Range Resources in the 2nd quarter worth approximately $554,000. UBS Asset Management Americas Inc. lifted its stake in Range Resources by 7.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 296,328 shares of the oil and gas exploration company’s stock valued at $2,068,000 after buying an additional 21,538 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Range Resources by 59.8% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 35,992 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 13,475 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Range Resources by 161.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,220 shares of the oil and gas exploration company’s stock valued at $85,000 after buying an additional 7,540 shares in the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new stake in Range Resources in the 2nd quarter valued at approximately $152,000.
Range Resources Company Profile (NYSE:RRC)
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
