Wall Street Access Asset Management Lowers stake in Range Resources Corp. (RRC)

Range Resources Corp. (RRC) : Wall Street Access Asset Management reduced its stake in Range Resources Corp. by 0.71% during the most recent quarter end. The investment management company now holds a total of 20,917 shares of Range Resources Corp. which is valued at $850,067 after selling 150 shares in Range Resources Corp. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Range Resources Corp. makes up approximately 0.50% of Wall Street Access Asset Management’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in RRC during the most recent quarter. The investment firm sold 74,600 shares of RRC which is valued $3,031,744. Armbruster Capital Management sold out all of its stake in RRC during the most recent quarter. The investment firm sold 330 shares of RRC which is valued $13,302.

Range Resources Corp. opened for trading at $40.1 and hit $41.81 on the upside on Monday, eventually ending the session at $40.69, with a gain of 1.70% or 0.68 points. The heightened volatility saw the trading volume jump to 23,98,759 shares. Company has a market cap of $6,921 M.

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.

Many Wall Street Analysts have commented on Range Resources Corp.. Range Resources Corp. was Upgraded by KLR Group to ” Buy” on Jul 28, 2016. Company shares were Upgraded by Imperial Capital on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Stifel Upgraded Range Resources Corp. on Jul 8, 2016 to ” Buy”, Price Target of the shares are set at $52.

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.

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