Credit Suisse Reinstates Range Resources Corp. to Outperform

Brokerage firm Credit Suisse Reinstates its rating on Range Resources Corp.(NYSE:RRC). The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 21, 2016.

In a different note, On Jul 29, 2016, BMO Capital said it Downgrades its rating on Range Resources Corp.. The shares have been rated ‘Market Perform’ by the firm. On Jul 28, 2016, KLR Group said it Upgrades its rating on Range Resources Corp.. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, JP Morgan said it Maintains its rating on Range Resources Corp.. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Imperial Capital said it Upgrades its rating on Range Resources Corp.. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 8, 2016, Stifel Nicolaus said it Upgrades its rating on Range Resources Corp.. The shares have been rated ‘Buy’ by the firm.

Range Resources Corp. (RRC) shares turned negative on Tuesdays trading session with the shares closing down -0.57 points or -1.53% at a volume of 71,09,460. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.73. The peak price level was also seen at $37.73 while the days lowest was $36.58. Finally the shares closed at $36.58. The 52-week high of the shares is $46.96 while the 52-week low is $19.21. According to the latest information available, the market cap of the company is $6,222 M.

Range Resources Corp.(RRC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $362.68M. Analysts had an estimated revenue of $328.84M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.19.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Ray N Jr Walker (EVP and COO) sold 13,350 shares at $37.64 per share price.Also, On Jun 23, 2016, Anthony V Dub (director) sold 5,106 shares at $45.71 per share price.On May 27, 2016, David P Poole (Sr. VP & General Counsel) sold 8,942 shares at $43.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Range Resources Corporation (Range) is an independent natural gas natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration development and acquisition of natural gas and oil properties mostly in the Appalachian and Midcontinent regions of the United States. The Company’s properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and to a lesser extent royalty and overriding royalty interests. The Company’s activities in the Midcontinent region include drilling production and field operations in the Texas Panhandle as well as in the Anadarko Basin of western Oklahoma the Nemaha Uplift of northern Oklahoma and Kansas the Permian Basin of West Texas and Mississippi.

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