Is It Right Time to Be Bullish on Range Resources Corporation (RRC), Cabot Oil & Gas Corporation (COG)?

    The shares of Range Resources Corporation (NYSE:RRC) has been pegged with a rating of Neutral by Ladenburg Thalmann in its latest research note that was published on August 26th, 2019. The research company has also assigned a $5 price target. Ladenburg Thalmann 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. MKM Partners advised investors in its research note published on August 19th, 2019, to Buy the RRC stock while also putting a $6 price target. The stock had earned Hold rating from Jefferies when it published its report on July 15th, 2019. That day the Jefferies set price target on the stock to $7. The stock was given Neutral rating by Guggenheim in its report released on April 25th, 2019. TD Securities was of a view that RRC is Hold in its latest report on February 27th, 2019. KeyBanc Capital Mkts thinks that RRC is worth Sector Weight rating. This was contained in the firm’s report on January 8th, 2019.

    The consensus currently stands at a Hold while its average price target is $8.71. The price of the stock the last time has raised by 17.86% 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 43.61.

    The shares of the company added by 7.32% during the trading session on Wednesday, reaching a low of $3.70 while ending the day at $3.96. During the trading session, a total of 12.14 million shares were traded which represents a -9.36% decline from the average session volume which is 11.10M shares. RRC had ended its last session trading at 3.69. Range Resources Corporation currently has a market cap of $1.05B while its P/E earnings growth sits at 0.32, with a beta of 1.06. Range Resources Corporation debt-to-equity ratio currently stands at 0.91, while its quick ratio hovers at 0.70. RRC 52-week low price stands at $3.36 while its 52-week high price is $18.59.

    Investment analysts at Tudor Pickering published a research note on August 2nd, 2019 where it informed investors and clients that Cabot Oil & Gas Corporation (NYSE:COG) is now rated as Buy. Their price target on the stock stands at $25. MKM Partners also rated COG as Upgrade on August 19th, 2019, with its price target of $27 suggesting that COG could surge by 29.97% from its current share price. Even though the stock has been trading at $17.02/share, analysts expect it to surge higher by 0.65% to reach $24.46/share. It started the day trading at $17.24 and traded between $17.01 and $17.13 throughout the trading session.

    A look at its technical shows that COG’s 50-day SMA is 19.86 while its 200-day SMA stands at 23.82. The stock has a high of $27.65 for the year while the low is $16.01. The company’s P/E ratio currently sits at 8.88, while the P/B ratio is 3.09. At the moment, only of Cabot Oil & Gas Corporation shares were sold short. The company’s average trading volume currently stands at 7.32M shares, which means that the short-interest ratio is just 3.52 days. Over the past seven days, the company moved, with its shift of 3.19%. Looking further, the stock has dropped -32.24% over the past 90 days while it lost -32.59% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more COG shares, increasing its portfolio by +2.17% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,034,411 shares in the last quarter, thus it now holds 48,659,304 shares of COG, with a total valuation of $932,312,265. BlackRock Fund Advisors meanwhile bought more COG shares in the recently filed quarter, changing its stake to $462,067,503 worth of shares. SSgA Funds Management Inc followed the path by decreasing its COG portfolio by -2.22% in the quarter. This means that SSgA Funds Management Inc sold -506,863 shares in the last quarter and now controls 22,325,009 shares of the COG stock, with the valuation hitting $427,747,172.

    Similarly, Capital Research Management Co decreased its Cabot Oil & Gas Corporation shares by -45.11% during the recently filed quarter. After selling -12,531,461 shares in the last quarter, the firm now controls 15,246,904 shares of Cabot Oil & Gas Corporation which are valued at $292,130,681. In the same vein, Neuberger Berman Investment Advis decreased its Cabot Oil & Gas Corporation shares by during the most recent reported quarter. The firm sold -490,306 shares during the quarter which decreased its stakes to 13,797,244 shares and is now valued at $264,355,195. Following these latest developments, around 1.10% of Cabot Oil & Gas Corporation stocks are owned by institutional investors and hedge funds.