Range Resources Corp. (RRC) was Upgraded by Imperial Capital to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $45 . Earlier the firm had a rating of “In-line ” on the company shares. Imperial Capital advised their investors in a research report released on Jul 14, 2016.
Many Wall Street Analysts have commented on Range Resources Corp.. Stifel Upgraded Range Resources Corp. on Jul 8, 2016 to ” Buy”, Price Target of the shares are set at $52.Range Resources Corp. was Downgraded by Nomura to ” Neutral” on Jun 8, 2016. Company shares were Reiterated by Nomura on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $29 .
On the company’s financial health, Range Resources Corp. reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.19. The company had revenue of $331.40 million for the quarter, compared to analysts expectations of $319.11 million. The company’s revenue was down -28.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Range Resources Corp. closed down -0.66 points or -1.47% at $44.09 with 26,72,778 shares getting traded on Wednesday. Post opening the session at $44.91, the shares hit an intraday low of $43.27 and an intraday high of $45.01 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 23, 2016, Anthony V Dub (director) sold 5,106 shares at $45.71 per share price. According to the SEC, on May 27, 2016, David P Poole (Sr. VP & General Counsel) sold 8,942 shares at $43.00 per share price. On May 27, 2016, Ray N Jr Walker (EVP and COO) sold 25,090 shares at $43.00 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 Companys 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 Companys 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.