Steffen E. Palko Purchases 15,000 Shares of Range Resources Corporation (NYSE:RRC) Stock

Range Resources Corporation (NYSE:RRC) Director Steffen E. Palko bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the acquisition, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Range Resources Corporation (NYSE RRC) opened at 16.81 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of 113.58 and a beta of 0.92. Range Resources Corporation has a 12 month low of $16.50 and a 12 month high of $43.60. The company’s 50-day moving average price is $20.98 and its 200-day moving average price is $25.91.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The company had revenue of $565 million for the quarter, compared to analyst estimates of $544.08 million. During the same quarter in the prior year, the company posted ($1.35) EPS. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. Equities analysts forecast that Range Resources Corporation will post $0.54 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.thestockobserver.com/2017/08/12/steffen-e-palko-purchases-15000-shares-of-range-resources-corporation-nyserrc-stock.html.

RRC has been the topic of several research analyst reports. Evercore ISI raised Range Resources Corporation to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, April 19th. Barclays PLC reissued a “sell” rating and issued a $26.00 price objective (down from $29.00) on shares of Range Resources Corporation in a report on Thursday, April 20th. Scotiabank reissued a “buy” rating and issued a $44.00 price objective on shares of Range Resources Corporation in a report on Friday, April 21st. J P Morgan Chase & Co reissued a “buy” rating on shares of Range Resources Corporation in a report on Tuesday, April 25th. Finally, KLR Group raised their price objective on Range Resources Corporation from $51.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.14.

Several hedge funds and other institutional investors have recently modified their holdings of RRC. Northwestern Mutual Wealth Management Co. raised its position in shares of Range Resources Corporation by 0.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock valued at $119,000 after buying an additional 31 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Range Resources Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the oil and gas exploration company’s stock valued at $271,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. raised its position in shares of Range Resources Corporation by 1.1% in the first quarter. 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 during the period. Advantus Capital Management Inc raised its position in shares of Range Resources Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 18,832 shares of the oil and gas exploration company’s stock valued at $548,000 after buying an additional 185 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Range Resources Corporation by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock valued at $109,000 after buying an additional 257 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Corporation Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

Insider Buying and Selling by Quarter for Range Resources Corporation (NYSE:RRC)

Receive News & Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply