Range Resources (NYSE:RRC) Price Target Raised to $43.00 at Stephens

Range Resources (NYSE:RRC) had its price target boosted by Stephens from $39.00 to $43.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the oil and gas exploration company’s stock.

Several other analysts also recently weighed in on RRC. StockNews.com raised shares of Range Resources to a “sell” rating in a research report on Wednesday, November 27th. Scotiabank cut shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective for the company. in a research note on Friday, January 17th. UBS Group upgraded shares of Range Resources from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $28.00 to $35.00 in a research note on Monday, December 9th. Barclays upgraded shares of Range Resources from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $35.00 to $34.00 in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.67.

Range Resources Stock Up 0.7 %

NYSE:RRC opened at $37.66 on Wednesday. The company has a market cap of $9.09 billion, a PE ratio of 19.02 and a beta of 1.81. Range Resources has a twelve month low of $27.29 and a twelve month high of $41.95. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $36.47 and its two-hundred day moving average is $32.89.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is presently 16.16%.

Hedge Funds Weigh In On Range Resources

Large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its holdings in shares of Range Resources by 3.1% during the third quarter. M&T Bank Corp now owns 10,790 shares of the oil and gas exploration company’s stock worth $332,000 after buying an additional 327 shares in the last quarter. Commerce Bank grew its holdings in shares of Range Resources by 5.7% during the third quarter. Commerce Bank now owns 6,848 shares of the oil and gas exploration company’s stock worth $211,000 after buying an additional 369 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Range Resources by 0.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 66,630 shares of the oil and gas exploration company’s stock worth $2,397,000 after buying an additional 420 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Range Resources by 59.0% during the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock worth $41,000 after buying an additional 426 shares in the last quarter. Finally, Inscription Capital LLC grew its holdings in shares of Range Resources by 3.6% during the third quarter. Inscription Capital LLC now owns 12,536 shares of the oil and gas exploration company’s stock worth $386,000 after buying an additional 433 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

About Range Resources

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.