Mary Ralph Lowe Buys 10,000 Shares of Range Resources Corporation (NYSE:RRC) Stock

Range Resources Corporation (NYSE:RRC) Director Mary Ralph Lowe bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $17.99 per share, with a total value of $179,900.00. Following the transaction, the director now owns 25,413 shares of the company’s stock, valued at $457,179.87. The purchase was disclosed in a filing with the SEC, which is available at this link.

Range Resources Corporation (RRC) traded up 2.75% on Friday, reaching $17.94. 6,681,694 shares of the company traded hands. The company has a market capitalization of $4.38 billion, a PE ratio of 121.22 and a beta of 0.92. The stock has a 50-day moving average of $20.21 and a 200 day moving average of $25.31. Range Resources Corporation has a 52-week low of $16.50 and a 52-week high of $43.60.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The firm had revenue of $565 million during the quarter, compared to analyst estimates of $544.08 million. During the same quarter in the prior year, the business earned ($1.35) earnings per share. Range Resources Corporation’s revenue for the quarter was up 55.8% on a year-over-year basis. On average, equities analysts forecast that Range Resources Corporation will post $0.52 EPS for the current year.

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Several institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC raised its position in shares of Range Resources Corporation by 43.0% in the first quarter. Bartlett & Co. LLC now owns 3,475 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 1,045 shares in the last quarter. Smithfield Trust Co. raised its position in shares of Range Resources Corporation by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 3,840 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock worth $109,000 after buying an additional 257 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Range Resources Corporation by 1.3% in 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 buying an additional 64 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock worth $119,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

RRC has been the subject of a number of research reports. Royal Bank Of Canada set a $44.00 price objective on Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Jefferies Group LLC restated a “buy” rating and set a $41.00 target price on shares of Range Resources Corporation in a report on Monday, May 1st. KLR Group raised their target price on Range Resources Corporation from $51.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co restated a “buy” rating on shares of Range Resources Corporation in a report on Tuesday, April 25th. Finally, Scotiabank restated a “buy” rating and set a $44.00 target price on shares of Range Resources Corporation in a report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.97.

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.

Insider Buying and Selling by Quarter for Range Resources Corporation (NYSE:RRC)

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