The shares of Range Resources Corporation (NYSE:RRC) has been pegged with a rating of Hold by TD Securities in its latest research note that was published on February 27th, 2019. TD Securities wasn’t the only research firm that published a report of Range Resources Corporation, with other equities research analysts also giving their opinion on the stock. KeyBanc Capital Mkts advised investors in its research note published on January 8th, 2019, to Sector Weight the RRC stock. The stock had earned Underperform rating from BofA/Merrill when it published its report on January 4th, 2019. The stock was given Equal Weight rating by CapitalOne in its report released on December 20th, 2018. Stephens was of a view that RRC is Equal-Weight in its latest report on December 6th, 2018 while giving it a price target of $21. MKM Partners thinks that RRC is worth Neutral rating. This was contained in the firm’s report on December 6th, 2018 in which the stock’s price target was also moved to $17.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 15 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.53. The price of the stock the last time has raised by 14.86% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 49.32.
The shares of the company dipped by -2.93% during the trading session on Tuesday, reaching a low of $10.54 while ending the day at $10.59. During the trading session, a total of 5.92 million shares were traded which represents a 17.5% incline from the average session volume which is 7.17M shares. RRC had ended its last session trading at 10.91. Range Resources Corporation currently has a market cap of $2.61B while its P/E earnings growth sits at 0.78, with a beta of 1.17. Range Resources Corporation debt-to-equity ratio currently stands at 0.95, while its quick ratio hovers at 0.80. RRC 52-week low price stands at $9.22 while its 52-week high price is $18.59.
The company in its last quarterly report recorded $0.21 earnings per share which is above the $0.13 predicted by most analysts. The Range Resources Corporation generated $756.63 million in revenue during the last quarter, which is slightly higher than the $691.05 million predicted by analysts. In the second quarter last year, the firm recorded $0.26 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -23.81%. Range Resources Corporation has the potential to record -7.08 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Imperial Capital published a research note on January 23rd, 2019 where it informed investors and clients that Northern Oil and Gas, Inc. (NYSE:NOG) is now rated as In-line. Their price target on the stock stands at $3. KeyBanc Capital Mkts also rated NOG as Initiated on January 8th, 2019, with its price target of suggesting that NOG could surge by 40.82% from its current share price. Even though the stock has been trading at $2.74/share, analysts expect it to surge higher by -4.74% to reach $4.41/share. It started the day trading at $2.75 and traded between $2.61 and $2.61 throughout the trading session.
A look at its technical shows that NOG’s 50-day SMA is 2.49 while its 200-day SMA stands at 2.93. The stock has a high of $4.49 for the year while the low is $1.50. The company’s P/E ratio currently sits at 13.96, while the P/B ratio is 2.31. At the moment, only of Northern Oil and Gas, Inc. shares were sold short. The company’s average trading volume currently stands at 4.84M shares, which means that the short-interest ratio is just 4.61 days. Over the past seven days, the company moved, with its shift of -4.04%. Looking further, the stock has dropped -4.04% over the past 90 days while it lost -35.71% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Citadel Advisors LLC sold more NOG shares, decreasing its portfolio by -2.97% during the last quarter. This move now sees Citadel Advisors LLC selling -422,958 shares in the last quarter, thus it now holds 13,817,028 shares of NOG, with a total valuation of $37,858,657. The Vanguard Group Inc meanwhile bought more NOG shares in the recently filed quarter, changing its stake to $36,416,523 worth of shares. BlackRock Fund Advisors followed the path by increasing its NOG portfolio by +0.96% in the quarter. This means that BlackRock Fund Advisors bought 117,548 shares in the last quarter and now controls 12,421,661 shares of the NOG stock, with the valuation hitting $34,035,351.
Similarly, Angelo Gordon Co LP decreased its Northern Oil and Gas, Inc. shares by -9.80% during the recently filed quarter. After selling -1,215,644 shares in the last quarter, the firm now controls 11,189,525 shares of Northern Oil and Gas, Inc. which are valued at $30,659,299. In the same vein, Millennium Management LLC increased its Northern Oil and Gas, Inc. shares by during the most recent reported quarter. The firm bought 11,013,022 shares during the quarter which increased its stakes to 11,124,026 shares and is now valued at $30,479,831. Following these latest developments, around 7.90% of Northern Oil and Gas, Inc. stocks are owned by institutional investors and hedge funds.