Opinion

Range Resources Corporation (NYSE:RRC) Assigned A Consensus Outperform Rating

Range Resources Corporation (NYSE:RRC) stock is presently standing at about $28.08 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 36 analysts covering the company is $46.00, which suggests the stock could still rise over 39 percent. The highest analyst price target is $62.00, which implies a rally of -21 percent. And a quick view of analyst notes show that 16 are rating the stock a buy while 9 rate RRC a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

Instinet analysts provided their view on Range Resources Corporation (NYSE:RRC) recently. The rating firm issued a Buy rating to this company in a research note released on Feb 06, 2017. R. F. Lafferty analysts disclosed their opinion on Range Resources Corporation (NYSE:RRC) recently. The rating firm gave a Buy rating to this stock in a research note published on Jan 25, 2017. According to a research note disclosed on Oct 31, 2016, analysts at Goldman have upped their rating on these shares from Neutral to Buy.

Range Resources Corporation (NYSE:RRC) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its President and CEO VENTURA JEFFREY L sold 48,500 company shares for 1581100, in a transaction on 2017-01-03. Following the transaction, the President and CEO is left with a stake of 729,343 shares, currently valued at $20479951. Meanwhile, EVP and COO Walker Ray N JR sold 13,754 shares worth $448380, through a transaction dated 2017-01-03. Following the completion of the transaction, the insider is left with a stake of 162,169 shares, amounting $4553705.52. RRC Exec VP and CFO MANNY ROGER S also sold 20,000 shares, at a stock price of $32.6. This transaction occurred on 2017-01-03 totals $652000. After this transaction, the insider’s stake stands at 392,190 shares, with a market value of $11012695.

Executives hold 0.67 percent of the stock. Mr. John H. Pinkerton is one of the biggest insider owners in Range Resources Corporation (NYSE:RRC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 390,343 shares which have current market value of around $10960831.44.Mr. Jeffrey L. Ventura is another major inside shareholder in the company. The insider owns 304,717 shares as of 0.12%, currently worth $8556453.36. V. Richard Eales is ranked as third insider holder of the stock. This insider holds 143,620 shares with a market value around $4032849.6 as of recent close.

Range Resources Corporation (NYSE:RRC) Earnings Outlook

In Range Resources Corporation (NYSE:RRC)’s latest quarter, EPS moved to $0.23 from $-0.06 in preceding quarter and revenues reached at $590.20M compared to $401.77M. Analysts had expected Range Resources Corporation (NYSE:RRC) to post net income of about $0.10 per share on $525.26M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.02 to $0.37. That is compared with the $-0.10 in EPS it reported during the same period a year ago.

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