Range Resources Corp. (RRC) is Downgraded by Tudor Pickering to Hold

Range Resources Corp. (RRC) was Downgraded by Tudor Pickering to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Tudor Pickering advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Range Resources Corp.. Shares were Downgraded by Barclays on Mar 24, 2016 to ” Underweight” and Lowered the Price Target to $ 24 from a previous price target of $27 .Range Resources Corp. was Downgraded by Raymond James to ” Mkt Perform” on Mar 22, 2016. Range Resources Corp. was Downgraded by Macquarie to ” Neutral” on Mar 21, 2016.

On the company’s financial health, Range Resources Corp. reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.09. The company had revenue of $456.00 million for the quarter, compared to analysts expectations of $421.91 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Range Resources Corp. closed down -0.12 points or -0.34% at $34.8 with 45,84,412 shares getting traded on Monday. Post opening the session at $34.99, the shares hit an intraday low of $34.42 and an intraday high of $35.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 11, 2016, Jeffrey L Ventura (President and CEO) sold 7,044 shares at $31.11 per share price. According to the SEC, on Feb 3, 2016, Chad L Stephens (Sr. Vice President) sold 25,199 shares at $27.18 per share price. On Jan 11, 2016, Roger S Manny (Exec VP and CFO) sold 633 shares at $25.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Range Resources Corporation (Range) is an independent natural gas natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration development and acquisition of natural gas and oil properties mostly in the Appalachian and Midcontinent regions of the United States. The Company’s properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and to a lesser extent royalty and overriding royalty interests. The Company’s activities in the Midcontinent region include drilling production and field operations in the Texas Panhandle as well as in the Anadarko Basin of western Oklahoma the Nemaha Uplift of northern Oklahoma and Kansas the Permian Basin of West Texas and Mississippi.

Range Resources Corp.

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