Range Resources Corp
RRC
Delayed Nyse - 12/15 10:03:08 pm
15.63USD
-2.25%

Range Resources : Comerica Bank Buys 92,560 Shares of Range Resources Corporation (RRC)

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11/25/2017 | 11:20 am

Comerica Bank increased its stake in Range Resources Corporation (NYSE:RRC) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 274,394 shares of the oil and gas exploration companys stock after buying an additional 92,560 shares during the period. Comerica Bank owned 0.11% of Range Resources Corporation worth $4,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RRC. State Street Corp grew its stake in shares of Range Resources Corporation by 15.0% in the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration companys stock worth $321,059,000 after buying an additional 1,805,404 shares during the last quarter. UBS Oconnor LLC grew its stake in shares of Range Resources Corporation by 246.9% in the 2nd quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration companys stock worth $52,680,000 after buying an additional 1,618,250 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Range Resources Corporation by 1,318.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration companys stock worth $34,800,000 after buying an additional 1,395,999 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Range Resources Corporation by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration companys stock worth $537,603,000 after buying an additional 976,293 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Range Resources Corporation by 72.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,322,750 shares of the oil and gas exploration companys stock worth $53,825,000 after buying an additional 973,814 shares during the last quarter. Institutional investors own 94.90% of the companys stock.

Several research firms recently weighed in on RRC. BMO Capital Markets set a $30.00 price target on Range Resources Corporation and gave the stock a buy rating in a research note on Tuesday, November 14th. KeyCorp restated a hold rating on shares of Range Resources Corporation in a research note on Monday, November 13th. Morgan Stanley cut their price target on Range Resources Corporation from $19.00 to $18.00 and set an equal weight rating on the stock in a research note on Thursday, October 26th. J P Morgan Chase & Co downgraded Range Resources Corporation from an overweight rating to a neutral rating and set a $22.00 price target on the stock. in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded Range Resources Corporation from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Range Resources Corporation has an average rating of Buy and a consensus target price of $31.89.

Range Resources Corporation (RRC) opened at $17.69 on Thursday. Range Resources Corporation has a twelve month low of $15.99 and a twelve month high of $39.64. The company has a market capitalization of $4,263.03, a price-to-earnings ratio of 47.72 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, topping the Zacks consensus estimate of $0.03 by $0.02. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. The company had revenue of $482.20 million for the quarter, compared to analysts expectations of $543.16 million. During the same period last year, the firm earned ($0.06) EPS. Range Resources Corporations revenue for the quarter was up 16.7% compared to the same quarter last year. analysts anticipate that Range Resources Corporation will post 0.47 earnings per share for the current year.

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