Range Resources Co. (NYSE:RRC) Director Greg G. Maxwell Sells 12,500 Shares

Range Resources Co. (NYSE:RRCGet Rating) Director Greg G. Maxwell sold 12,500 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $32.67, for a total transaction of $408,375.00. Following the sale, the director now directly owns 100,419 shares in the company, valued at approximately $3,280,688.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:RRC traded up $1.46 on Friday, hitting $36.17. The stock had a trading volume of 4,594,923 shares, compared to its average volume of 5,941,153. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $9.76 billion, a P/E ratio of -71.77, a price-to-earnings-growth ratio of 0.22 and a beta of 1.99. Range Resources Co. has a 1 year low of $12.37 and a 1 year high of $36.63. The firm’s fifty day simple moving average is $30.23 and its two-hundred day simple moving average is $24.16.

Range Resources (NYSE:RRCGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The oil and gas exploration company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.15 by $0.03. The firm had revenue of $986.66 million during the quarter, compared to analyst estimates of $955.47 million. Range Resources had a negative net margin of 2.90% and a positive return on equity of 45.50%. During the same quarter last year, the business posted $0.30 EPS. Equities research analysts predict that Range Resources Co. will post 4.54 EPS for the current year.

Range Resources declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 22nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas exploration company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Range Resources from $34.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Range Resources from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, February 24th. Piper Sandler cut their price objective on shares of Range Resources to $45.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Truist Financial increased their price objective on shares of Range Resources from $33.00 to $37.00 in a research report on Thursday, April 21st. Finally, TheStreet cut shares of Range Resources from a “b-” rating to a “c” rating in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.00.

Several institutional investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in Range Resources by 4.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,208,601 shares of the oil and gas exploration company’s stock worth $185,761,000 after purchasing an additional 313,811 shares during the period. JPMorgan Chase & Co. raised its holdings in Range Resources by 223.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,093,208 shares of the oil and gas exploration company’s stock worth $108,642,000 after buying an additional 4,209,030 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Range Resources by 1.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,034,433 shares of the oil and gas exploration company’s stock valued at $122,566,000 after purchasing an additional 66,188 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Range Resources by 18.0% during the first quarter. Northern Trust Corp now owns 3,614,627 shares of the oil and gas exploration company’s stock valued at $109,813,000 after purchasing an additional 551,841 shares during the last quarter. Finally, Contrarius Investment Management Ltd raised its holdings in shares of Range Resources by 10.8% during the first quarter. Contrarius Investment Management Ltd now owns 3,322,603 shares of the oil and gas exploration company’s stock valued at $100,941,000 after purchasing an additional 324,544 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Range Resources Company Profile (Get Rating)

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.

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