Range Resources Corporation (NYSE:RRC) registered a -6.64% decrease, still its new closing price is 54.04% up from the company’s 1 year high of 46.91.It posted -2.34% losses in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 10 buy or better ratings. The 37 stock analysts following this company have an average price target at $47.71, with individual PT in the $27.00-$62.00 range. The shares moved at $33.34, implying that brokerage firms see shares gaining about 13.03% in twelve months time.
Range Resources Corporation (RRC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.97% fall year to date. A President and CEO at Range Resources Corporation (RRC) offloaded shares in a transaction closed on Tuesday January 03, 2017. VENTURA JEFFREY L sold 48,500 shares in the company at $32.6 each and collected $1,581,000 in proceeds. VENTURA JEFFREY L now owns 729,343 shares in the company after this transaction. A EVP and COO in the company, Walker Ray N JR, disclosed a transaction on Tuesday January 03, 2017 that ended up generating $448,000 from the sale of 13,754 shares at $32.6 per share.
Range Resources Corporation (NYSE:RRC) Upcoming Results on Tap
Range Resources Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.11 in that period. Sales during the quarter are predicted to arrive at $551.64 million.
Earnings surprise history: Last quarter, the company posted approximately $401.77 million in revenue and EPS of $-0.06. The mean forecast was for $351.54 million and $-0.16 a share, respectively. One quarter earlier, revenue for the stock was at $362.68 million, with earnings at $-0.14/share.
Range Resources Corporation (RRC) Brokerage Update
Range Resources Corporation (RRC) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Goldman, according to news reported on Monday October 31, 2016.Another important research note was issued by JP Morgan on Friday October 07, 2016.The firm upgraded RRC to Overweight from Neutral. Over the last six months and over the last three months, the shares of Range Resources Corporation (RRC), have changed -17.21% and -6.43%, respectively.