How Analysts Feel About Range Resources Corporation (NYSE:RRC)?

October 13, 2018 - By Vivian Park

Range Resources Corporation (NYSE:RRC) LogoInvestors sentiment decreased to 0.86 in 2018 Q2. Its down 0.31, from 1.17 in 2018Q1. It dropped, as 67 investors sold Range Resources Corporation shares while 116 reduced holdings. 56 funds opened positions while 102 raised stakes. 243.74 million shares or 5.19% less from 257.09 million shares in 2018Q1 were reported.
Gemmer Asset Management Ltd holds 0% or 378 shares in its portfolio. 7,697 are owned by Envestnet Asset Mngmt. Mason Street Lc holds 0.04% or 116,325 shares in its portfolio. Benjamin F Edwards & reported 1,006 shares or 0% of all its holdings. Bluecrest Cap Mgmt Ltd holds 551,632 shares. 25,112 were reported by State Of Alaska Department Of Revenue. 9.96 million are owned by State Street. Oppenheimer Co holds 0.06% of its portfolio in Range Resources Corporation (NYSE:RRC) for 124,034 shares. 46,727 are owned by Kingfisher Cap Limited Liability Company. The Texas-based Smith Asset Mngmt Gp Limited Partnership has invested 0% in Range Resources Corporation (NYSE:RRC). Matthew 25 Mngmt Corp owns 560,000 shares. Hotchkis Wiley Limited Com holds 0.01% or 218,223 shares. Credit Suisse Ag has 344,157 shares. Westwood Gp stated it has 0% in Range Resources Corporation (NYSE:RRC). Jefferies Grp has invested 0% of its portfolio in Range Resources Corporation (NYSE:RRC).

Since June 1, 2018, it had 1 insider purchase, and 3 insider sales for $237,226 activity. VENTURA JEFFREY L sold $153,773 worth of Range Resources Corporation (NYSE:RRC) on Monday, July 9. Shares for $67,161 were sold by Poole David P on Monday, July 9. The insider SailingStone Capital Partners LLC bought $7,197.

Range Resources Corporation (NYSE:RRC) Ratings Coverage

Among 8 analysts covering Range Resources Corp (NYSE:RRC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Range Resources Corp had 12 analyst reports since April 17, 2018 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $2900 target in Wednesday, April 18 report. The stock of Range Resources Corporation (NYSE:RRC) has “Buy” rating given on Thursday, April 19 by Susquehanna. The stock has “Underweight” rating by Morgan Stanley on Thursday, May 24. Guggenheim maintained it with “Buy” rating and $2100 target in Thursday, April 19 report. The stock of Range Resources Corporation (NYSE:RRC) has “Underweight” rating given on Wednesday, September 26 by Morgan Stanley. The firm has “Underweight” rating by Morgan Stanley given on Thursday, August 16. The rating was maintained by Morgan Stanley with “Underweight” on Friday, April 20. Morgan Stanley maintained Range Resources Corporation (NYSE:RRC) rating on Friday, October 12. Morgan Stanley has “Underweight” rating and $18 target. As per Tuesday, April 17, the company rating was downgraded by Citigroup. The company was upgraded on Thursday, September 20 by FBR Capital. Below is a list of Range Resources Corporation (NYSE:RRC) latest ratings and price target changes.

12/10/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $17 New Target: $18 Maintain
26/09/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $16 New Target: $17 Maintain
20/09/2018 Broker: FBR Capital Old Rating: Neutral New Rating: Buy Old Target: $16 Upgrade
20/08/2018 Broker: KLR Group Rating: Buy Old Target: $23 Terminates
16/08/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $17 New Target: $16 Maintain
05/07/2018 Broker: TD Securities Rating: Hold New Target: $18 Initiates Coverage On
24/05/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $12 New Target: $13 Maintain
20/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $11 New Target: $12 Maintain
19/04/2018 Broker: Susquehanna Rating: Buy New Target: $18.0000 Maintain
19/04/2018 Broker: Guggenheim Rating: Buy New Target: $21.0000 Maintain

The stock increased 0.96% or $0.16 during the last trading session, reaching $16.76. About 6.63 million shares traded or 13.09% up from the average. Range Resources Corporation (NYSE:RRC) has declined 13.84% since October 13, 2017 and is downtrending. It has underperformed by 29.46% the S&P500.

Range Resources Corporation operates as an independent natural gas, natural gas liquids , and oil company. The company has market cap of $4.10 billion. It engages in the exploration, development, and acquisition of natural gas and oil properties. It has a 68.13 P/E ratio. The firm holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana region of the United States.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart

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