Were Analysts Bearish Range Resources Corporation (NYSE:RRC) This Week?

Jeannie Matthews
January 13, 2018

The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.02. Tortoise Capital Advisors Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $4.21B market cap company. A total volume of 5.58 million shares were traded versus to average volume of 6.8 million shares.

Range Resources Corporation (RRC) held 257.61 million outstanding shares now. It has underperformed by 52.75% the S&P500.

Legal & General Group Plc decreased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 88.42% based on its latest 2017Q3 regulatory filing with the SEC. The average 1-year price objective among brokers that have covered the stock in the last year is $30.02. That activity is comparable to their recent volume average trend of almost 0.4 million shares which they recorded over a period of three months. The company has its outstanding shares of 257.61M. During the same period previous year, the business earned ($0.06) earnings per share. About 5.14M shares traded. (NYSE:AIG) has risen 8.59% since January 9, 2017 and is uptrending. It has outperformed by 12.60% the S&P500.

Investors sentiment is 1.35 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. The firm owned $5.52 million shares of the company's stock after selling 79200 shares during the period.

Range Resources Corporation (NYSE:RRC) gross margin percentage stands at 83.1% while its operating margin for the past trailing twelve month is 12.6 percent and its overall profit margin (ttm) is 12.4 Percent.

Average True Range (14) for Range Resources Corporation (RRC) is stands at 0.64. Sei Investments Company acquired 30,995 shares as Range Res Corp (RRC)'s stock declined 18.29%. Nomura Asset Com Limited holds 0.01% in Range Resources Corporation (NYSE:RRC) or 28,743 shares.

Range Resources Corporation (NYSE:RRC) has been assigned a consensus rating of "Buy" from the thirty brokerages that are covering the firm, Marketbeat reports. Oppenheimer Asset Mgmt has invested 0.14% in The Ultimate Software Group, Inc. Gargoyle Invest Advisor Ltd Llc holds 29,036 shares or 0.87% of its portfolio. Matthew 25 holds 1.06% or 195,000 shares in its portfolio. Trellus Mgmt Limited Liability invested 0.79% in The Ultimate Software Group, Inc.

Among 40 analysts covering Range Resources Corp. The NYSE-listed company saw a recent bid of $164.94 on volume of 5.47 million shares. Therefore 62% are positive. TE Connectivity had 35 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of NCR in report on Friday, July 14 with "Buy" rating.

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Range Resources Corporation (RRC) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The rating was initiated by SunTrust with "Hold" on Friday, December 8. The SI to Range Resources Corporation's float is 13.37%. Out of 3 Wall Street analysts rating Blackstone Mortgage Trust, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Stifel Nicolaus reissued a "buy" rating and issued a $20.00 target price on shares of Range Resources in a research note on Thursday, September 14th. Barclays Capital has "Underweight" rating and $30 target. RBC Capital Markets maintained it with "Outperform" rating and $47 target in Monday, May 2 report. Shares for $481,357 were sold by CALASTRI MARIO. The insider MANNY ROGER S sold $176,678.

Investors sentiment decreased to 0.95 in 2017 Q3.

RRC now trades at a forward P/E of 24.32, a P/B of 0.74, and a P/S of 1.92 while VSI trades at a forward P/E of 15.24, a P/B of 0.55, and a P/S of 0.09.

A number of large investors have recently bought and sold shares of RRC. 10 funds opened positions while 26 raised stakes. 2,220 were accumulated by Smith Asset Management Grp Ltd Partnership. Sandy Spring Natl Bank reported 500 shares. Intl Gru Inc stated it has 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM).

Shares of Deere & Company (NYSE:DE) have seen a movement of -0.40% in the most recent session. 169.87 million shares or 1.18% less from 171.89 million shares in 2017Q2 were reported. Ironwood Limited Liability Com holds 0% or 99 shares in its portfolio. Coho Partners Ltd sold 148,246 shares as Cvs Health Corporation (CVS)'s stock declined 4.23%. As for the shares, it has gone above the 20 days moving average and is now hovering within a distance of 0.57%. Endurance Wealth Management Inc accumulated 0.03% or 3,204 shares.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $58.32 million activity. Metropolitan Life Communications Ny accumulated 12,116 shares. Wellington Shields Management Limited Liability has invested 0.23% in Range Resources Corporation (NYSE:RRC). Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 429%.

Several institutional investors and hedge funds have recently modified their holdings of RRC. Zacks Investment Research cut shares of Range Resources from a "hold" rating to a "sell" rating in a report on Friday, October 13th. Mercantile Bank had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Hold" rating by HSBC on Wednesday, June 21. The ex-dividend date was Thursday, December 14th. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Friday, May 26. (NYSE:BXMT) has "Market Perform" rating given on Monday, January 9 by Wells Fargo. Robert W. Baird maintained CVS Health Corporation (NYSE:CVS) on Monday, September 25 with "Hold" rating. As per Wednesday, January 3, the company rating was maintained by Sandler O'Neill. The firm earned "Strong-Buy" rating on Thursday, August 27 by Vetr.

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