Range Resources Co. (NYSE:RRC) Shares Bought by Private Capital Management LLC

Private Capital Management LLC raised its position in Range Resources Co. (NYSE:RRC) by 13.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,000 shares of the oil and gas exploration company’s stock after buying an additional 2,500 shares during the period. Private Capital Management LLC’s holdings in Range Resources were worth $646,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Range Resources in the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its holdings in Range Resources by 59.0% in the fourth quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 426 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Range Resources in the fourth quarter valued at approximately $46,000. Blue Trust Inc. raised its stake in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 705 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 463 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RRC shares. StockNews.com raised shares of Range Resources from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 target price on shares of Range Resources in a research note on Tuesday, January 14th. Citigroup raised their price target on shares of Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Mizuho lifted their price objective on Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, UBS Group increased their target price on Range Resources from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.00.

Range Resources Trading Down 5.6 %

Shares of RRC stock opened at $36.41 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $41.95. The company’s 50-day moving average price is $37.89 and its 200-day moving average price is $33.88. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 5.11 and a beta of 1.77.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. The company had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same period in the previous year, the business posted $0.63 EPS. As a group, equities analysts predict that Range Resources Co. will post 2.02 earnings per share for the current year.

Range Resources Company Profile

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.