Range Resources Corporation (RRC) Receives Buy Rating from Stifel Nicolaus

Lloyd Doyle
October 3, 2017

Wesbanco Bank Inc increased its stake in Prologis (PLD) by 76.92% based on its latest 2017Q2 regulatory filing with the SEC. The total amount of shares outstanding is 250.04 million, giving the company a market capitalization of about 5.11 billion. The hedge fund held 535,967 shares of the technology company at the end of 2017Q2, valued at $3.24 million, up from 329,600 at the end of the previous reported quarter. West Coast Financial Llc who had been investing in Whole Foods Mkt Inc for a number of months, seems to be less bullish one the $13.45B market cap company. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company's stock worth $107,000 after purchasing an additional 3,840 shares during the period. About 5.24 million shares traded.

Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) has accumulated 6.19% over the course of one week. It has outperformed by 2.04% the S&P500. Earnings surprises can have a huge impact on a company's stock price. The Masters Capital Management Llc holds 2.00 million shares with $29.20M value, down from 3.82 million last quarter. Blume Capital Management Inc. increased its holdings in Range Resources Corporation by 4.3% during the 2nd quarter. The Beta for the stock stands at 0.95. About 5.24M shares traded.

Shifting gears, we can see that Range Resources Corporation (NYSE:RRC) has a Q.i. It has underperformed by 52.75% the S&P500.

Since May 26, 2017, it had 1 buying transaction, and 3 selling transactions for $750,854 activity. Shares for $166,824 were sold by Walker Ray N JR on Friday, June 9. Northern Corp holds 0.01% of its portfolio in Range Resources Corp. (NYSE:RRC) has "Outperform" rating given on Friday, March 18 by RBC Capital Markets.

Investors sentiment decreased to 1.35 in Q2 2017. Its down 0.01, from 1.36 in 2017Q1. It turned negative, as 59 investors sold RRC shares while 108 reduced holdings. 230.61 million shares or 4.36% more from 220.97 million shares in 2017Q1 were reported. 42,367 were reported by Janney Montgomery Scott Ltd Liability. It has a return on equity (ROE) of 0.60%. (NYSE:RRC). Eagle Boston Invest Mgmt reported 17,533 shares. (NYSE:RRC). Jennison Associates Limited Co owns 958,762 shares. Stephens Invest Mngmt Grp Lc has 336,330 shares for 0.19% of their portfolio. 0 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Raymond James upgraded the shares of RRC in report on Tuesday, May 17 to "Outperform" rating. Earnest Prns Ltd owns 228,764 shares. Jvl Advisors Ltd Liability Corp stated it has 0.03% of its portfolio in Range Resources Corp.

Analysts await Range Resources Corp.

In other Range Resources Corporation news, Director Steffen E. Palko bought 15,000 shares of the business's stock in a transaction on Thursday, August 10th. Therefore 70% are positive.

The average Wall Street analyst rating for Range Resources Corporation is Strong Buy, according to the average of 21 analyst scores. Zacks Investment Research raised Range Resources Corporation from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research report on Monday, July 17th. Imperial Capital has "Outperform" rating and $50 target. The firm has "Neutral" rating given on Wednesday, June 8 by Nomura. The stock of Range Resources Corp. The firm has "Overweight" rating given on Friday, October 7 by JP Morgan. (NYSE:RRC) on Thursday, July 30 with "Sector Perform" rating. Barclays Capital has "Underweight" rating and $30 target.

Stifel Nicolaus reissued their buy rating on shares of Range Resources Corporation (NYSE:RRC) in a research note issued to investors on Thursday, September 14th. More interesting news about Range Resources Corp.

Investors and Traders continue to monitor technical levels of shares of Range Resources Corporation (RRC). The ex-dividend date was Thursday, September 14th. Four analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company's stock. Therefore 44% are positive.

Other equities research analysts have also issued reports about the company. Sterne Agee CRT initiated the stock with "Buy" rating in Tuesday, April 5 report. Jefferies maintained it with "Buy" rating and $43 target in Friday, April 7 report. The stock decreased 0.76% or $0.15 on September 29, reaching $19.57.

S Squared Technology Llc, which manages about $136.14M and $116.95 million US Long portfolio, decreased its stake in Mitek Systems Inc. (NASDAQ:MITK) by 45,000 shares to 373,918 shares, valued at $3.14 million in 2017Q2, according to the filing.

Support is likely to come between $19.52 a share to $18.62 a share level. 68 funds opened positions while 179 raised stakes. Colorado-based Advsr Asset Mgmt has invested 0.06% in Prologis Inc (NYSE:PLD). (NYSE:RRC). Wafra Advisory Gru accumulated 193,154 shares or 0.23% of the stock. The shares were acquired at an average price of $16.81 per share, with a total value of $252,150.00. D E Shaw & reported 298,588 shares or 0% of all its holdings. Vantage Advsr Ltd invested in 200 shares or 0% of the stock. Tiaa Cref Investment Management Lc owns 240,238 shares. Goldman Sachs Grp Inc holds 312,600 shares or 0% of its portfolio. The return on invested capital is at -0.9%, which is good, compared to its peers.

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