Range Resources Corp (NYSE:RRC) Institutional Investors Quarterly Sentiment

January 14, 2018 - By Marie Mckinney

 Range Resources Corp (NYSE:RRC) Institutional Investors Quarterly Sentiment

Sentiment for Range Resources Corp (NYSE:RRC)

Range Resources Corp (NYSE:RRC) institutional sentiment is 1.35 in 2017 Q3. Its the same as in 2017Q2. The ratio is neither negative nor positive, as only 212 active investment managers started new and increased equity positions, while 157 sold and trimmed equity positions in Range Resources Corp. The active investment managers in our partner’s database now possess: 248.08 million shares, up from 230.61 million shares in 2017Q2. Also, the number of active investment managers holding Range Resources Corp in their top 10 equity positions was flat from 6 to 6 for the same number . Sold All: 55 Reduced: 102 Increased: 160 New Position: 52.

Range Resources Corporation operates as an independent natural gas, natural gas liquids , and oil company. The company has market cap of $4.29 billion. It engages in the exploration, development, and acquisition of natural gas and oil properties. It currently has negative earnings. The firm holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana region of the United States.

The stock increased 1.80% or $0.31 during the last trading session, reaching $17.58. About 6.66 million shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since January 14, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Analysts await Range Resources Corporation (NYSE:RRC) to report earnings on February, 28. They expect $0.14 earnings per share, up 121.21 % or $0.80 from last year’s $-0.66 per share. RRC’s profit will be $34.19 million for 31.39 P/E if the $0.14 EPS becomes a reality. After $0.05 actual earnings per share reported by Range Resources Corporation for the previous quarter, Wall Street now forecasts 180.00 % EPS growth.

Chapter Iv Investors Llc holds 17.57% of its portfolio in Range Resources Corporation for 1.73 million shares. Sailingstone Capital Partners Llc owns 33.21 million shares or 17.41% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 9.17% invested in the company for 4.31 million shares. The New York-based Talara Capital Management Llc has invested 5.7% in the stock. Oslo Asset Management As, a Norway-based fund reported 675,300 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $729,062 activity.

Range Resources Corporation (NYSE:RRC) Ratings Coverage

Ratings analysis reveals 65% of Range Resources Corp.’s analysts are positive. Out of 40 Wall Street analysts rating Range Resources Corp., 26 give it “Buy”, 1 “Sell” rating, while 13 recommend “Hold”. The lowest target is $18 while the high is $65. The stock’s average target of $37.70 is 114.45% above today’s ($17.58) share price. RRC was included in 128 notes of analysts from July 21, 2015. The firm has “Hold” rating by Robert W. Baird given on Tuesday, September 26. Cowen & Co maintained it with “Buy” rating and $3500 target in Tuesday, July 18 report. The firm earned “Buy” rating on Tuesday, August 8 by Stifel Nicolaus. The stock of Range Resources Corporation (NYSE:RRC) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, September 20. Jefferies maintained it with “Buy” rating and $43 target in Friday, April 7 report. The firm earned “Buy” rating on Wednesday, September 27 by Cowen & Co. R. F. Lafferty initiated Range Resources Corporation (NYSE:RRC) rating on Wednesday, January 25. R. F. Lafferty has “Buy” rating and $58 target. The firm has “Hold” rating given on Wednesday, August 19 by Oppenheimer. The firm has “Hold” rating given on Friday, March 11 by Deutsche Bank. Nomura upgraded the stock to “Buy” rating in Monday, February 6 report.

Another recent and important Range Resources Corporation (NYSE:RRC) news was published by Realmoney.Thestreet.com which published an article titled: “Some ‘Throw-in-the-Towel’ Activity Happened in Range Resources Corp.” on January 05, 2018.

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