Economy

Range Resources Corporation (NYSE:RRC) Experiences Heavy Trading Volume

Range Resources Corporation's -7.43% drop today is critical to its technical outlook. Volume was up 126.22% over the stocks average daily volume. Panagora Asset Mngmt holds 0.01% of its portfolio in Range Resources Corp. (NYSE:RRC) earned "Neutral" rating by JP Morgan on Monday, May 2. The firm has "Hold" rating given on Wednesday, August 19 by Oppenheimer. Zacks Investment Research raised shares of Range Resources Corporation from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Monday, July 17th. RBC Capital Markets reinitiated the shares of RRC in report on Friday, March 18 with "Outperform" rating. On Tuesday, August 4 the stock rating was maintained by Cowen & Co with "Outperform". Credit Suisse maintained Range Resources Corp. They issued a "buy" rating and a $47.00 target price on the stock. Range Resources Corporation's dividend payout ratio (DPR) is presently 100.01%. (NYSE:RRC) rating on Tuesday, August 15. Range Resources Corporation now has an average rating of "Buy" and a consensus price target of $38.33.

Travelers Companies Inc decreased Range Resources Corp (RRC) stake by 79.54% reported in 2016Q4 SEC filing. The institutional investor held 27,011 shares of the oil & gas production company at the end of 2016Q4, valued at $928,000, down from 132,011 at the end of the previous reported quarter. Public Employees Retirement System of OH now owns 111,453 shares of the oil and gas exploration company's stock worth $2,582,000 after buying an additional 10,043 shares in the last quarter. Trimble Inc (NASDAQ:TRMB) has risen 51.45% since September 10, 2016 and is uptrending.

The stock decreased 7.43% or $1.33 on September 8, reaching $16.58. In total, 14.35 M shares exchanged hands for about $237.86 million.

Shares of Range Resources Corporation (NYSE:RRC) traded down -7.43% in the last session while performance was up 16.58% in the last five days. It has underperformed by 52.75% the S&P500.

Investors sentiment increased to 1.2 in 2016 Q4. Its down 0.03, from 1.25 in 2016Q3.

There has been some buying insider activity on Range Resources Corporation (NYSE:RRC) recently. 60 funds opened positions while 160 raised stakes. Its up 12.47% from 6.79M shares previously. As of quarter end Rockshelter Capital Management LLC had acquired a total of 81,855 shares growing its holdings by 43.6%. Essex Inv Mgmt Com Lc invested 0.41% in Range Resources Corp. (NYSE:RRC) on Monday, December 14 to "Sector Perform" rating. Jane Street Grp Ltd Liability Co reported 54,625 shares. (NYSE:TCO) or 3,692 shares. Wyoming-based Cannell Capital Ltd Liability has invested 2.07% in I.D. Systems, Inc. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. Whittier Of Nevada stated it has 0.02% in Range Resources Corp. Ibm Retirement Fund invested in 0.02% or 16,357 shares.

Axa increased Insmed Inc (NASDAQ:INSM) stake by 88,863 shares to 456,280 valued at $6.04M in 2016Q4. (NYSE:TCO). State Teachers Retirement System has invested 0.02% in Taubman Centers, Inc. Da Davidson & accumulated 4,200 shares or 0% of the stock.

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. Board Of Trustees Of The Leland Stanford Junior University who had been investing in Range Res Corp for a number of months, seems to be less bullish one the $4.11 billion market cap company. It has a 242.08 P/E ratio. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.

Range Resources Corporation has had 6 insider trades in the last 3 months, including 5 open market buys and 1 sells.

In other news, Director James M. Funk purchased 4,000 shares of the firm's stock in a transaction on Wednesday, June 14th. Aviva PLC owned approximately 0.06% of Range Resources Corporation worth $3,340,000 at the end of the most recent quarter. The rating was upgraded by JP Morgan to "Overweight" on Friday, October 7. Therefore 69% are positive. Seaspan had 12 analyst reports since September 18, 2015 according to SRatingsIntel. The ex-dividend date is Tuesday the 13th of June 2017. Its pivot point high generated sell signal on Wednesday September 06, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The stock has "Buy" rating by BMO Capital Markets on Monday, June 26. As per Friday, September 8, the company rating was downgraded by Goldman Sachs. The rating was maintained by Barclays Capital with "Underweight" on Monday, May 2. Robert W. Baird downgraded California Water Service Group (NYSE:CWT) on Friday, February 26 to "Neutral" rating. The company was initiated on Friday, January 13 by Northcoast.

Investors sentiment increased to 0.92 in Q4 2016. Its down 0.01, from 1.36 in 2016Q3. It is positive, as 33 investors sold TRMB shares while 124 reduced holdings. 216.83 million shares or 6.80% more from 203.02 million shares in 2016Q3 were reported. Finally, Advantus Capital Management Inc boosted its holdings in Range Resources Corporation by 1.0% during the first quarter. 49,000 were reported by Quantres Asset Mgmt. Jpmorgan Chase & holds 426,222 shares or 0% of its portfolio. Swiss Bank owns 694,400 shares or 0.03% of their United States portfolio. Fdx Advsr Incorporated has 9,494 shares for 0.01% of their portfolio. (NYSE:RRC). Fmr Ltd Llc has invested 0.03% in Range Resources Corp. The total value of its holdings decreased 10.9%. Gmt Capital owns 1.60M shares for 1.14% of their portfolio.

Want to see what other hedge funds are holding RRC? Northern holds 0% or 28,380 shares. Cadinha & Limited Liability has invested 0.02% in CVR Partners LP (NYSE:UAN). Metropolitan Life, New York-based fund reported 95,017 shares.



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