Economy

Setting Up Technical Traps: Innoviva, Inc. (INVA), Range Resources Corporation (RRC)

Westpac Banking Corp trimmed its position in Range Resources Corporation (NYSE:RRC) by 43.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Range Resources Corporation (NYSE:RRC)'s latest quote $18.54 $-0.18 -1.28% will find technical support in $18.34 a share and a breakdown below this region would be a significantly bearish signal for Range Resources Corporation traders. BNP Paribas Arbitrage SA's holdings in Antero Resources Corporation were worth $1,765,000 at the end of the most recent reporting period. (NYSE:RRC) was sold by STEPHENS CHAD L. 4,000 shares were bought by FUNK JAMES M, worth $91,832. (NYSE:RRC). The Georgia-based Invesco has invested 0.05% in Range Resources Corp. The firm owned 621,892 shares of the oil and natural gas company's stock after buying an additional 198,168 shares during the quarter. Comparatively, Range Resources Corporation posted earnings of $0.02 per share in the same quarter a year ago. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company's stock valued at $119,000 after acquiring an additional 31 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Range Resources Corporation by 170.9% in the 2nd quarter. In the past year there have been a total of 74 insider trades, including 52 open market buys and 22 sells.

Range Resources Corporation (RRC) has an Analysts' Mean Recommendation of 2, according to data compiled by Finviz. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company's stock valued at $145,000 after acquiring an additional 4,494 shares during the last quarter. The total number of shares traded in the last 12 months is 841,375. Look at its top three institutional owners.

COPYRIGHT VIOLATION WARNING: "BNP Paribas Arbitrage SA Boosts Stake in Antero Resources Corporation (NYSE:AR)" was first reported by StockNewsTimes and is owned by of StockNewsTimes.

Range Resources Corporation (RRC)'s distance from 200 day simple moving average is -30.42 percent, its distance from 50 day simple moving average is -3.39 percent, while its distance from 20 day simple moving average is 4.06 percent. The company has market cap of $4.72 billion. Range Resources Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Palko Steffen E has acquired 15,000 shares of Range Resources Corporation (RRC) in trading session dated August 10, 2017. In contrast to the year ago quarter EPS was at 0.11. The firm had revenue of $736.00 million during the quarter, compared to analyst estimates of $778.55 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. During the same quarter in the previous year, the business posted ($1.35) EPS.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. During the same period a year ago, the business posted $0.14 EPS. The company declared a dividend for shareholders paid on Friday the 30th of June 2017. Stockholders of record on Friday, September 15th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, September 14th. This dividend amount represented a yeild of $0.43.

Among 36 analysts covering Range Resources Corp.

Several analysts have recently weighed in on AR shares. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/09/18/range-resources-corporation-rrc-shares-sold-by-westpac-banking-corp.html. (NYSE:RRC). Investec Asset North America Inc has 101,454 shares. Finally, Zacks Investment Research upgraded Antero Resources Corporation from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a research report on Tuesday, July 11th. Antero Resources Corp presently has a consensus rating of "Buy" and an average price target of $32.64. Royal Bank Of Canada set a $44.00 price objective on Range Resources Corporation and gave the stock a buy rating in a report on Saturday, June 3rd. BidaskClub raised shares of Range Resources Corporation from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th. The rating was maintained by Barclays Capital with "Overweight" on Monday, August 3.

Basically, a price target is an individual analyst's projection on the future price of a stock. Stifel Nicolaus restated a "hold" rating and set a $25.00 target price on shares of Antero Resources Corporation in a research report on Friday, July 21st.

In related news, insider Alvyn A. Schopp sold 40,000 shares of the stock in a transaction on Thursday, December 8th. (NYSE:RRC) shares with value of $166,824 were sold by Walker Ray N JR. Following the completion of the transaction, the director now owns 27,267 shares in the company, valued at approximately $458,358.27. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Director Mary Ralph Lowe purchased 10,000 shares at an average price of $17.99 on Friday the 4th. The stock was purchased at an average cost of $17.99 per share, with a total value of $179,900.00. Following the transaction, the director now owns 25,413 shares in the company, valued at $457,179.87. The disclosure for this sale can be found here.



Like this

Latest


19 September 2017
Scan For Analyst Views: Lowe's Companies, Inc. (LOW), iStar Inc. (STAR)
The company now has a consensus rating of "Hold" and an average price target of $85.00. (NYSE:LOW) rating on Thursday, August 24. BidaskClub raised Lowe's Companies from a "strong sell" rating to a "sell" rating in a research report on Wednesday, August 2nd.

19 September 2017
"The Handmaid's tale" cleans up at the Emmys
The Walking Dead's Jeffrey Dean Morgan and Orphan Black's Tatiana Maslany presented the award to the first-time Emmy victor . As expected, HBO also had a huge night, with Big Little Lies claiming a bunch of awards , and Veep taking top comedy .

19 September 2017
Honda invests $267M, adds 300 jobs for Accord production
Where the current Accord Hybrid is produced at Honda's Sayama plant near Tokyo, the new one will see production return to Ohio. Expect the revamped midsize sedan to go on sale this fall, with hybrid models arriving in the winter.

19 September 2017
Apple's Venmo-like money transfers will arrive after iOS 11
Pay and get paid right in Messages, or tell Siri to pay someone, using the credit and debit cards they have in Wallet. Apple Pay Cash will allow Apple device users to transfer money between each other within Messages or through Siri.

19 September 2017
Zone of the Enders: The 2nd Runner remaster headed to PS4
We would like to make Zone of The Enders 3 just as the fans do, but we don't have the manpower required to make such a game. Plans for a third major ZOE game were cancelled after the HD re-release of ZOE 1 and 2 did not attract enough sales.

19 September 2017
Panasonic Eluga Ray 500, Eluga Ray 700 Launched in India: Price, Specifications
Both offer the same connectivity options including 4G VoLTE, Bluetooth 4.0, GPS, Wi-Fi 802.11 b/g/n, and a 3.5mm headphone jack. The Eluga Ray 500 will be available for buying in as many as three colours: Mocha Gold, Marine Blue, and Champagne Gold.

19 September 2017
Square Enix announces Left Alive for PS4 and PC
Hashimoto has previous worked with Square Enix on Final Fantasy VII: Advent Children, and Final Fantasy XV: Kingsglaive. Square Enix announced their newest game, Left Alive , during Tokyo Game Show 2017 in a first look teaser trailer.

19 September 2017
Bitter: Hillary Won't Rule Out Contesting 2016 Result
Asked during the final presidential debate if he would accept second place, he responded: 'I will look at it at the time'. She outright says, "I just don't think we have a mechanism" to contest it.

19 September 2017
Iran leader Khamenei warns United States against 'wrong move' on nuclear deal
Rouhani made the remarks at Mehrabad airport before departing for NY to attend the annual UN General Assembly meeting. Iran's president says he is "inviting" the U.S.to dinner as he heads to NY for the U.N General Assembly.

19 September 2017
Flipkart Big Billion Day Sale: Smartphones that you will get at discount
Amazon India also announced that its Great Indian Festival Sale starting September 21 and will continue till September 24. Heavy discounts on products like TVs, laptops and home appliances are being promised.



Recommended