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.



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