Range Resources Corporation (NYSE:RRC) recovered 4.23% of its value since hitting low of $4.96. The recent move of 0.78% gain helped the stock to close at $5.17 when trading ended on 7/26/2019. At a recent session, the prices were hovering between $4.92 and $5.33. This company shares are 103.29% off its target price of $10.51 and the current market capitalization stands at $1.29B. The recent change has given its price a -25.47% deficit over SMA 50 and -72.2% deficit over its 52-week high. The stock witnessed -25.18% declines, -44.05% declines and -54.13% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RRC’s volatility during a week at 6.9% and during a month it has been found around 6.2%.
What Does Range Resources Corporation (RRC) Do?
The company describes itself in regulatory filings as, “Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/RRC/profile under company description.]Range Resources Corporation (RRC) Top Holders
Institutional investors currently hold around $1.42 billion or 0% in RRC stock. Look at its top three institutional owners: Sailingstone Capital Partners Llc owns $205.28 million in Range Resources Corporation, which represents roughly 15.91% of the company’s market cap and approximately 14.51% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 22,396,395 shares of the stock are valued at $115.79 million. The third largest holder is Blackrock Inc., which currently holds $99.16 million worth of this stock and that ownership represents nearly 7.69% of its market capitalization.Range Resources Corporation 13F Filings
At the end of March reporting period, 189 institutional holders increased their position in Range Resources Corporation (NYSE:RRC) by some 32,559,233 shares, 176 decreased positions by 34,384,667 and 45 held positions by 206,819,080. That puts total institutional holdings at 273,762,980 shares, according to SEC filings. The stock grabbed 48 new institutional investments totaling 5,679,524 shares while 58 institutional investors sold out their entire positions totaling 12,203,221 shares.Range Resources Corporation (NYSE:RRC) Insider Trades
Multiple company employees have indulged in significant insider trading. Range Resources Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director GRAY STEVEN D has acquired 20,000 shares of Range Resources Corporation (RRC) in the trading session dated May. 02, 2019. These shares are worth $175,400 and were traded at $8.77 each. The SEC filing shows that GRAY STEVEN D performed a purchase of 20,000 shares. The Director added these shares by way of transaction on May. 02, 2019. The company’s shares were assimilated at $8.77 per share worth to an investment of some $175,400 to the account of GRAY STEVEN D.
SVP & CFO, Scucchi Mark, purchased 11,100 common shares of Range Resources Corporation (RRC) in the open market. In a transaction dated Apr. 30, 2019, the shares were bought at an average price of $9.04, giving away a sum of $100,344. After this purchase, 153,277 common shares of RRC are directly owned by the insider, with total stake valued at $792,442.
In the transaction dated Mar. 11, 2019, a great number of shares acquired came courtesy the Director; FUNK JAMES M added a total of 10,000 shares at an average price of $9.8, amounting to approximately $98,000. The insider now directly owns 70,100 shares worth $362,417.Range Resources Corporation (RRC) Analyst Guide
Several analysts have released their opinion on Range Resources Corporation (NYSE:RRC), with 3 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 8 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.63 average brokerage recommendation [T1].