Candriam Luxembourg S.C.A. Raises Position in Range Resources Corporation (RRC)

Candriam Luxembourg S.C.A. boosted its position in shares of Range Resources Corporation (NYSE:RRC) by 248.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,032 shares of the oil and gas exploration company’s stock after acquiring an additional 285,245 shares during the period. Candriam Luxembourg S.C.A. owned approximately 0.16% of Range Resources Corporation worth $7,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smithfield Trust Co. increased its stake in Range Resources Corporation by 480.0% during the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after acquiring an additional 3,840 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Range Resources Corporation by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after acquiring an additional 990 shares during the period. Ameritas Investment Partners Inc. increased its stake in Range Resources Corporation by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after acquiring an additional 64 shares during the period. Capstone Investment Advisors Netherlands B.V. increased its stake in Range Resources Corporation by 166.2% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 3,801 shares during the period. Finally, Financial Architects Inc grew its stake in shares of Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

RRC has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Range Resources Corporation in a research note on Tuesday, October 10th. BMO Capital Markets set a $30.00 price objective on Range Resources Corporation and gave the company a “buy” rating in a research note on Tuesday, October 10th. Cowen and Company reiterated a “buy” rating and issued a $35.00 price objective on shares of Range Resources Corporation in a research note on Tuesday, August 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price on shares of Range Resources Corporation in a report on Thursday, September 14th. Finally, Barclays PLC reduced their target price on Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.89.

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Range Resources Corporation (NYSE:RRC) traded up $0.33 during trading on Friday, hitting $19.23. 6,383,900 shares of the stock were exchanged, compared to its average volume of 7,014,855. Range Resources Corporation has a one year low of $15.99 and a one year high of $39.64. The firm has a market cap of $4,771.71, a P/E ratio of 53.42 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.

Range Resources Corporation (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources Corporation had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same period last year, the business posted ($0.06) EPS. Range Resources Corporation’s revenue was up 16.7% on a year-over-year basis. analysts expect that Range Resources Corporation will post 0.47 earnings per share for the current year.

About Range Resources Corporation

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.

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Institutional Ownership by Quarter for Range Resources Corporation (NYSE:RRC)

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