Published: Tue, February 06, 2018
Finance | By Loren Pratt

Set Sail With Range Resources Corporation (RRC), RPC, Inc. (RES)


The hedge fund held 370,000 shares of the oil & gas production company at the end of 2017Q3, valued at $7.24M, up from 198,000 at the end of the previous reported quarter. Sailingstone Capital Partners Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.31B market cap company. The stock decreased 3.32% or $0.45 during the last trading session, reaching $13.1. It has underperformed by 52.75% the S&P500. The stock is now moving below its 20-Day Simple Moving Average of -16.67% with a 50-Day Simple Moving Average of -18.79 percent. Jpmorgan Chase And Company invested in 0.01% or 316,186 shares. Range Resources Corp. The firm has a market cap of $3,362.29, a P/E ratio of -62.38, a P/E/G ratio of 0.86 and a beta of 0.68.

The stock decreased 1.58% or $0.2 during the last trading session, reaching $12.47. About 164,106 shares traded or 92.15% up from the average. It has underperformed by 19.89% the S&P500.

Since October 26, 2017, it had 1 buying transaction, and 3 insider sales for $228,453 activity. Parametric Portfolio Associates LLC boosted its position in Range Resources by 10.5% in the 3rd quarter. Another trade for 2,897 shares valued at $46,533 was made by DUB ANTHONY V on Thursday, December 14. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 3, 2017 and is downtrending. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 66.7%. Hartwell J M Partnership has 0.06% invested in Range Resources Corporation (NYSE:RRC). On Tuesday, January 30 PALKO STEFFEN E bought $500,609 worth of Range Resources Corporation (NYSE:RRC) or 34,000 shares. Rivernorth Capital Management Llc owns 343,090 shares or 0.38% of their USA portfolio. It also upped Tegna Inc (Put) stake by 93,979 shares and now owns 100,000 shares.

Among 40 analysts covering Range Resources Corp. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Therefore 60% are positive.

Brigade Capital Management Lp increased Range Res Corp (RRC) stake by 7.53% reported in 2017Q3 SEC filing. Analysts reported that the Price Target for Range Resources Corporation might touch $44 high while the Average Price Target and Low price Target is $24.3 and $11 respectively. They issued a "hold" rating and a $21.00 target price on the stock. The rating was maintained by Cowen & Co with "Buy" on Tuesday, July 18. The rating was maintained by Barclays Capital with "Sell" on Friday, April 21. The stock has "Hold" rating by Robert W. Baird on Friday, November 3. Barclays Capital initiated the stock with "Underweight" rating in Wednesday, September 28 report. As of today, the company has a SMA200 (200-day simple moving average) of -31.95 Percent. The firm earned "Buy" rating on Friday, July 7 by RBC Capital Markets.


While looking at the Stock's Performance, Range Resources Corporation now shows a Weekly Performance of -11.44%, where Monthly Performance is -23.92%, Quarterly performance is -26.48%, 6 Months performance is -23.79% and yearly performance percentage is -58.66%.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its the same as in 2017Q2. It is flat, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 291.74 million shares or 5.36% more from 276.89 million shares in 2017Q2 were reported. Cornerstone Hldgs Ltd Liability Co invested 0.01% in Range Resources Corporation (NYSE:RRC). Wells Fargo & Mn invested in 0.01% or 1.24 million shares. Tower Research Capital Limited Liability (Trc) invested in 2,463 shares or 0% of the stock. The firm has institutional ownership of 98.80%, while insider ownership included 0.70%. Oslo Asset Mngmt As invested 5.45% in Range Resources Corporation (NYSE:RRC). Endurance Wealth owns 29,197 shares or 0.09% of their United States portfolio. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company's stock worth $332,679,000 after acquiring an additional 673,214 shares during the period.

Recent insider trends for Range Resources Corporation (NYSE:RRC) have caught the attention of investors. Dekabank Deutsche Girozentrale holds 0% or 18,218 shares. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. First Allied Advisory Svcs has invested 0.02% in Putnam Municipal Opportunities Trust (NYSE:PMO).

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.06, from 0.88 in 2017Q2.

FMR LLC raised its stake in Avon Products, Inc. Toronto Dominion Comml Bank has invested 0.02% in Mohawk Industries, Inc. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72. (NASDAQ:CRAY) for 5.19 million shares. Citigroup Inc reported 0% stake. Sector Pension Inv Board holds 12,058 shares. Levin Capital Strategies Lp reported 0% of its portfolio in Cray Inc. Assetmark stated it has 6 shares. Johnson Group accumulated 2,325 shares. Nelson Roberts Invest Advsrs Limited Liability Company invested 1.79% of its portfolio in Oracle Corporation (NYSE:ORCL). Btc Mgmt Inc invested in 23,454 shares. (NASDAQ:CRAY). Ls Advsr Ltd Com owns 1,432 shares or 0% of their U.S. portfolio. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 24,606,586 shares of the stock are valued at $333.42 million. The ratio is neither negative nor positive, as only 212 investment professionals started new or increased positions, while 157 decreased and sold holdings in Range Resources Corp.

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