16,850 Shares in Range Resources Corporation (RRC) Purchased by Capital Management Associates NY

Capital Management Associates NY bought a new stake in Range Resources Corporation (NYSE:RRC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,850 shares of the oil and gas exploration company’s stock, valued at approximately $330,000.

A number of other institutional investors have also added to or reduced their stakes in RRC. State of Wisconsin Investment Board raised its stake in shares of Range Resources Corporation by 18.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 210,607 shares of the oil and gas exploration company’s stock worth $4,880,000 after buying an additional 33,130 shares during the last quarter. Matthew 25 Management Corp raised its stake in shares of Range Resources Corporation by 166.7% during the 2nd quarter. Matthew 25 Management Corp now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,854,000 after buying an additional 50,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Range Resources Corporation by 7.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,726,118 shares of the oil and gas exploration company’s stock worth $63,163,000 after buying an additional 194,141 shares during the last quarter. Rovida Advisors Inc. acquired a new position in shares of Range Resources Corporation during the 2nd quarter worth $4,634,000. Finally, Harvey Capital Management Inc. raised its stake in shares of Range Resources Corporation by 109.9% during the 2nd quarter. Harvey Capital Management Inc. now owns 107,690 shares of the oil and gas exploration company’s stock worth $2,495,000 after buying an additional 56,395 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Robert W. Baird cut their price target on Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. KeyCorp reiterated a “hold” rating on shares of Range Resources Corporation in a research report on Monday. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Range Resources Corporation in a research report on Tuesday, October 10th. J P Morgan Chase & Co cut Range Resources Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Monday, October 23rd. Finally, Citigroup Inc. dropped their price objective on Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.89.

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Shares of Range Resources Corporation (NYSE RRC) traded down $0.65 on Tuesday, hitting $18.58. The company’s stock had a trading volume of 5,595,600 shares, compared to its average volume of 5,882,217. Range Resources Corporation has a one year low of $15.99 and a one year high of $39.64. The firm has a market cap of $4,570.00, a price-to-earnings ratio of 53.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.

Range Resources Corporation (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. The company had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same period in the prior year, the company posted ($0.06) EPS. Range Resources Corporation’s quarterly revenue was up 16.7% on a year-over-year basis. analysts anticipate that Range Resources Corporation will post 0.47 earnings per share for the current year.

About Range Resources Corporation

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

Institutional Ownership by Quarter for Range Resources Corporation (NYSE:RRC)

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