Range Resources Corporation (NYSE:RRC): Are Traders Shorting This Stock?
Range Resources Corporation (NYSE:RRC): Are Traders Shorting This Stock?
06 May, 2017, 02:41
A number of research firms have recently issued reports on RRC. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Range Resources Corp. had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Range Resources Corp. now has an average rating of "Buy" and a consensus price target of $45.29. Range Resources Corporation (RRC) now trades with a market capitalization of $6.51 Billion. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of Range Resources Corp.in a research note on Tuesday, April 25th. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
While looking at the SMA values of Range Resources Corporation (RRC), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend.
Piper Jaffray began new coverage on Range Resources Corporation giving the company a "overweight" rating. (NYSE:RRC) for 7,000 shares. In contrast, RRC's 52 week high hovers at $46.88 with its current distance from 52 week high value is -45.67%. EV is generally a modification of market cap, as it incorporates debt and cash for assessing a firm's valuation. (NYSE:RRC) last released its quarterly earnings results on Monday, April 24th. The oil and gas exploration company reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.06.
The company's expected revenue in the current quarter to be 536.69 Million, seeing a projected current quarter growth of 185.7%, and per annum growth estimates over the next 5 year period of around 20%. During the same quarter in the prior year, the business posted ($0.10) earnings per share. The business's revenue for the quarter was up 83.2% compared to the same quarter a year ago.
Annual Dividend Yield of Range Resources Corporation (RRC) stands at 0.31%.
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In other Range Resources Corp. news, Director Christopher A. Helms bought 4,000 shares of the firm's stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $27.46 per share, for a total transaction of $109,840.00. Gateway Invest Advisers Ltd Llc owns 13,072 shares. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Investors are constantly trying to spot the next great stock to own.
The number of shares now held by investors is 243.44 Million. Nationwide Fund Advisors raised its position in shares of Range Resources Corp.by 154.7% in the third quarter. The company has dropped -82.32% in past 3 months and in the last five trades has moved down -9.38%.
Shares of Delcath Systems, Inc. Capstone Asset Management Co. now owns 12,374 shares of the oil and gas exploration company's stock valued at $360,000 after buying an additional 140 shares in the last quarter. Jefferies Group LLC set a $43.00 price objective on Range Resources Corp. and gave the stock a "buy" rating in a research note on Saturday, March 4th. CENTRAL TRUST Co now owns 2,743 shares of the oil and gas exploration company's stock worth $106,000 after buying an additional 2,493 shares during the period. ProShare Advisors LLC increased its position in shares of Range Resources Corp.by 0.8% in the first quarter. The stock carved out a 52-week low down at $25.90. Hedge funds and other institutional investors own 87.70% of the company's stock. Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Firm is engaged in the exploration and production of natural gas, NGLs and oil in the United States.
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