DFT Energy LP lowered its holdings in Range Resources Corp. (NYSE:RRC) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,000 shares of the oil and gas exploration company’s stock after selling 460,000 shares during the period. Range Resources makes up about 7.7% of DFT Energy LP’s holdings, making the stock its 8th biggest position. DFT Energy LP owned about 0.14% of Range Resources worth $3,254,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its holdings in Range Resources by 265.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 6,660 shares of the oil and gas exploration company’s stock worth $110,000 after acquiring an additional 4,840 shares during the period. Penserra Capital Management LLC increased its holdings in Range Resources by 94.9% during the 3rd quarter. Penserra Capital Management LLC now owns 9,860 shares of the oil and gas exploration company’s stock worth $166,000 after acquiring an additional 4,800 shares during the period. Caxton Associates LP bought a new stake in Range Resources during the 3rd quarter worth approximately $195,000. Palo Capital Inc. bought a new stake in Range Resources during the 3rd quarter worth approximately $198,000. Finally, Nisa Investment Advisors LLC increased its holdings in Range Resources by 47.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,730 shares of the oil and gas exploration company’s stock worth $199,000 after acquiring an additional 3,750 shares during the period.
A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $29.00 price target on shares of Range Resources and gave the stock a “buy” rating in a report on Tuesday, October 23rd. B. Riley raised shares of Range Resources from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.00 to $22.00 in a report on Thursday, September 20th. Capital One Financial lowered shares of Range Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Guggenheim reissued a “buy” rating and issued a $22.00 price target on shares of Range Resources in a report on Wednesday, October 24th. Finally, Royal Bank of Canada raised shares of Range Resources to a “hold” rating in a report on Wednesday, September 26th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.21.
Shares of Range Resources stock traded up $0.26 during trading on Monday, reaching $11.76. The company’s stock had a trading volume of 213,195 shares, compared to its average volume of 8,042,423. Range Resources Corp. has a 52-week low of $9.22 and a 52-week high of $18.59. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 0.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.56.
Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. Range Resources had a net margin of 8.28% and a return on equity of 4.85%. The company had revenue of $811.20 million during the quarter, compared to analysts’ expectations of $747.06 million. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 68.2% on a year-over-year basis. On average, equities research analysts forecast that Range Resources Corp. will post 0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.68%. Range Resources’s dividend payout ratio (DPR) is 13.79%.
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Range Resources Company Profile
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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