Analysts take a look at Range Resources Corp. (NYSE:RRC) having this to say.

June 19, 2017 - By Richard Conner

 Analysts take a look at Range Resources Corp. (NYSE:RRC) having this to say.
Investors sentiment decreased to 1.2 in 2016 Q4. Its down 0.81, from 2.01 in 2016Q3. It turned negative, as 57 investors sold Range Resources Corp. shares while 127 reduced holdings. 60 funds opened positions while 160 raised stakes. 216.83 million shares or 6.80% more from 203.02 million shares in 2016Q3 were reported.
Utah Retirement Sys accumulated 37,183 shares or 0.03% of the stock. Moreover, Pinebridge Invs L P has 0% invested in Range Resources Corp. (NYSE:RRC) for 468 shares. Signaturefd Ltd Liability owns 9,568 shares or 0.06% of their US portfolio. Finemark Bank & Trust And Tru holds 0% in Range Resources Corp. (NYSE:RRC) or 194 shares. Timessquare Limited Liability accumulated 0.59% or 2.57 million shares. Weiss Multi has 0.23% invested in Range Resources Corp. (NYSE:RRC). Voya Investment Mngmt Ltd Liability Company reported 272,921 shares. Brinker Cap Incorporated holds 15,736 shares. 500 are owned by Psagot Inv House. Sun Life invested 0% in Range Resources Corp. (NYSE:RRC). United Service Automobile Association owns 192,531 shares. D E Shaw And Communication holds 279,637 shares or 0.02% of its portfolio. Comerica Bancorp reported 162,560 shares. Tower Bridge Advsr invested in 9,410 shares or 0% of the stock. Jennison Assoc Ltd Liability Com holds 0.04% of its portfolio in Range Resources Corp. (NYSE:RRC) for 973,505 shares.

Since January 3, 2017, it had 2 insider buys, and 7 selling transactions for $3.40 million activity. VENTURA JEFFREY L also sold $1.58 million worth of Range Resources Corp. (NYSE:RRC) on Tuesday, January 3. On Tuesday, January 3 the insider Farquharson Alan W sold $76,317. On Friday, June 9 the insider Walker Ray N JR sold $166,824. Another trade for 20,000 shares valued at $652,000 was made by MANNY ROGER S on Tuesday, January 3. STEPHENS CHAD L sold $662,493 worth of Range Resources Corp. (NYSE:RRC) on Friday, May 26. 4,000 shares were bought by HELMS CHRISTOPHER A, worth $109,820. FUNK JAMES M also bought $91,832 worth of Range Resources Corp. (NYSE:RRC) shares.

Range Resources Corp. (NYSE:RRC) Ratings Coverage

Among 34 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 2 Sell and 9 Hold. Therefore 68% are positive. Range Resources Corp. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, May 2 with “Outperform”. As per Monday, March 21, the company rating was downgraded by Macquarie Research. JP Morgan upgraded the stock to “Overweight” rating in Friday, October 7 report. The firm has “Overweight” rating given on Tuesday, April 4 by Capital One. RBC Capital Markets maintained it with “Buy” rating and $4400 target in Friday, June 2 report. Robert W. Baird downgraded it to “Neutral” rating and $31 target in Thursday, March 10 report. UBS upgraded the stock to “Buy” rating in Thursday, March 30 report. The company was upgraded on Thursday, November 12 by RBC Capital Markets. On Friday, April 7 the stock rating was maintained by Jefferies with “Buy”. The stock has “Sell” rating by Barclays Capital on Friday, April 21. Below is a list of Range Resources Corp. (NYSE:RRC) latest ratings and price target changes.

02/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $44.0000 Maintain
28/04/2017 Broker: Barclays Capital Rating: Sell New Target: $28.00 Maintain
28/04/2017 Broker: Piper Jaffray Rating: Overweight New Target: $49.00 Maintain
28/04/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
26/04/2017 Broker: JP Morgan Rating: Buy Maintain
24/04/2017 Broker: Scotia Capital Rating: Buy New Target: $44.00 Maintain
21/04/2017 Broker: Barclays Capital Rating: Sell New Target: $26.00 Maintain
07/04/2017 Broker: Jefferies Rating: Buy New Target: $43.00 Maintain
04/04/2017 Broker: Capital One Old Rating: Equal Weight New Rating: Overweight Upgrade
30/03/2017 Broker: UBS Old Rating: Neutral New Rating: Buy Upgrade

About 14,011 shares traded. Range Resources Corp. (NYSE:RRC) has declined 36.05% since June 19, 2016 and is downtrending. It has underperformed by 52.75% the S&P500.

Range Resources Corporation is an independent natural gas, natural gas liquids and oil company. The company has market cap of $5.85 billion. The Firm is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It currently has negative earnings. 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.

More important recent Range Resources Corp. (NYSE:RRC) news were published by: Reuters.com which released: “Range Resources buying Memorial in rare energy merger” on May 16, 2016, also Nasdaq.com published article titled: “Range Resources Corporation (RRC) Ex-Dividend Date Scheduled for June 13, 2017”, Zacks.com published: “Why Is Range Resources (RRC) Down 9% Since the Last Earnings Report?” on May 25, 2017. More interesting news about Range Resources Corp. (NYSE:RRC) was released by: Zacks.com and their article: “Options Traders Expect Huge Moves in Range Resources Corporation (RRC) Stock” with publication date: June 06, 2017.

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