What Recent Ownership Trends Suggest About Range Resources Corporation (RRC)'s Future Performance

Saturday, 06 Jan, 2018

"Despite those positives, the company's shares underperformed the Zacks categorized Oil & Gas-U.S Exploration & Production industry over the last one year". Martin Marietta Matls Inc now has $14.36B valuation. The stock decreased 0.49% or $0.04 during the last trading session, reaching $8.16. Martin Marietta Materials, Inc. United Technologies Corporation (NYSE:UTX) has risen 22.99% since January 4, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Oslo Asset Management Asa increased its stake in Range Res Corp (RRC) by 16.27% based on its latest 2017Q3 regulatory filing with the SEC.

A number of other equities research analysts also recently commented on RRC. Caymus Cap Prns L P has 1.34 million shares. The stock traded within a range of $17.74 and $18.39. Narrowing our focus to the previous 1 month, the shares have been up by 4.63%. Range Resources Corporation (NYSE:RRC) has declined 36.05% since January 4, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Since October 26, 2017, it had 0 buys, and 3 selling transactions for $729,062 activity.

Institutions own 102.85% of Range Resources Corporation (RRC)'s shares. The insider MANNY ROGER S sold $176,678.

Investors sentiment is 1.35 in Q3 2017. Its the same as in 2017Q2.

Range Resources Corporation low liquidity ratio has been a worry to stake holders indicating low stock in CR, and Range Resources Corporation liquidity falls to 0.5 Quick R. At 0.5 Range Resources Corporation Stocks current assets and current liabilities are low, with weak liquidity business might not be able to repay its current liabilities. This works out to a net increase in ownership of 17.33 million shares, and suggests that institutions are feeling bullish about the stock. Icon Advisers Incorporated accumulated 292,200 shares.

Range Resources Corporation (NYSE:RRC) is expensive when one looks at the company's price to sales ratio of 1.98 and compares it with other companies in the Independent Oil & Gas group. Commonwealth Natl Bank Of Aus has invested 0% in Range Resources Corporation (NYSE:RRC). Ny State Common Retirement Fund accumulated 1.06M shares.

Shares of Range Resources (RRC) traded down $0.41 during midday trading on Friday, hitting $17.40. Lazard Asset Management Limited Co holds 0% or 831 shares in its portfolio. Investors of record on Friday, December 15th were paid a $0.02 dividend. Travelers Companies holds 0.32% or 27,011 shares.

Range Resources Corporation is a leading USA independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachia Basin and Northern Louisiana. Profund Advsrs Ltd Liability holds 11,970 shares. Cubic Asset Mgmt Limited Liability Com stated it has 39,285 shares.

Caymus Capital Partners Lp decreased Whiting Pete Corp New (NYSE:WLL) stake by 69,850 shares to 3.65M valued at $19.95M in 2017Q3. Pioneer Nat Res Co (NYSE:PXD) was reduced too. Therefore 65% are positive.

On movement of stock as RSI reading reached at 81.92 because on this mostly stock considered as overbought or oversold. Jefferies Group reissued a "buy" rating and set a $25.00 price objective on shares of Range Resources in a research note on Tuesday, October 10th. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, July 30. The firm earned "Underweight" rating on Monday, May 2 by Barclays Capital. The firm earned "Sell" rating on Thursday, September 7 by Piper Jaffray. The company's market cap is $6.61 billion. Grimes And Com invested in 0.05% or 4,158 shares. On Friday, August 11 the stock rating was maintained by Robert W. Baird with "Neutral". Tudor Pickering downgraded the stock to "Hold" rating in Friday, April 15 report. Range Resources Corp. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with "Buy" rating in Wednesday, June 8 report. When the number is low (usually 1-2), it implies that the recommendation is to Buy. The rating was initiated by Drexel Hamilton on Thursday, February 18 with "Buy". JP Morgan initiated the shares of RRC in report on Wednesday, December 9 with "Neutral" rating. They issued an "outperform" rating and a $24.00 price target for the company. Stifel Nicolaus maintained Range Resources Corporation (NYSE:RRC) on Thursday, October 5 with "Buy" rating. In the investment work, traders and investors are still found of using the moving average to determine and analyze technical signs. Its up 0.30, from 0.98 in 2017Q2. 35 funds opened positions while 101 raised stakes. Hartford reported 13,504 shares. Oceanic Investment Management Ltd bought 151,800 shares as the company's stock declined 7.80% while stock markets rallied. Bruni J V & holds 496,682 shares or 1.85% of its portfolio. (NYSE:MLM) for 555,240 shares.