KLR Group Upgrades Range Resources Corp. to Buy

Brokerage firm KLR Group Upgrades its rating on Range Resources Corp.(NYSE:RRC). The shares have been rated Buy. Previously, the analysts had a Accumulate rating on the shares. The rating by KLR Group was issued on Jul 28, 2016.

In a different note, 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. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Range Resources Corp.. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 8, 2016, Nomura said it Downgrades its rating on Range Resources Corp.. The shares have been rated ‘Neutral’ by the firm. On May 17, 2016, Raymond James said it Upgrades its rating on Range Resources Corp.. The shares have been rated ‘Outperform’ by the firm.

Range Resources Corp. (RRC) shares turned negative on Thursdays trading session with the shares closing down -0.53 points or -1.30% at a volume of 25,92,496. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.08. The peak price level was also seen at $41.08 while the days lowest was $39.89. Finally the shares closed at $40.11. 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 $6,822 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 Jun 23, 2016, Anthony V Dub (director) sold 5,106 shares at $45.71 per share price.Also, On May 27, 2016, David P Poole (Sr. VP & General Counsel) sold 8,942 shares at $43.00 per share price.On May 27, 2016, Ray N Jr Walker (EVP and COO) sold 25,090 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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