Published: Sat, April 21, 2018
Money | By Armando Alvarado

Range Resources (RRC) Cut to "Neutral" at Citigroup


At the end of 2017Q4, the 34.91 million shares of the oil & gas production company held by the institutional investor were priced at $663.33M, up from 34.66 million at the end of the previous reported quarter. Fpr Partners Llc who had been investing in Antero Res Corp for a number of months, seems to be bullish on the $6.26B market cap company. The overall volume in the last trading session was 1,486,421 shares. 7666619 shares traded on hands while it's an average volume stands with 9037.01K shares.

Over the past 50 days, Antero Resources Corporation's stock is -6.97% off of the high and 21.15% removed from the low. (AAPL) by 111.11% based on its latest 2017Q4 regulatory filing with the SEC. Meanwhile, shares of the company were making trade -0.64% away from the 20-days SMA and 0.52% away from the 200-days SMA. Slate Path Capital Lp who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $11.99 billion market cap company.

VOLATILITY FACTOR: The stock remained 2.62% volatile in recent week and indicated 4.09% volatility in last month. About 60.26 million shares traded or 56.69% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.63% since April 21, 2017 and is downtrending. It has outperformed by 22.84% the S&P500.

Delphi Management Inc, which manages about $966.00M and $175.55 million US Long portfolio, upped its stake in Freeport Mcmoran (NYSE:FCX) by 22,960 shares to 158,005 shares, valued at $3.00M in 2017Q4, according to the filing. (NYSE:ALLY) to report earnings on April, 26 before the open.

The EPS growth has been 7.70% in the last five years, and it is set up at 9.80% for the next five years. AR's profit will be $88.63M for 17.64 P/E if the $0.28 EPS becomes a reality.

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Since December 11, 2017, it had 0 buys, and 3 selling transactions for $810,700 activity. The firm has "Buy" rating given on Friday, January 19 by MUFG Securities Americas Inc. Sandler O'Neill maintained Ally Financial Inc. Jefferies upgraded Unilever PLC (NYSE:UL) on Tuesday, December 13 to "Buy" rating. On Thursday, April 28 the stock rating was maintained by Stifel Nicolaus with "Buy". The firm has "Outperform" rating by BMO Capital Markets given on Wednesday, September 16. Stratos Wealth Prtn Ltd holds 0% or 2,517 shares.

Among 24 analysts covering Range Resources (NYSE:RRC), 10 have Buy rating, 2 Sell and 12 Hold. Therefore 51% are positive. Antero Resources posted sales of $1.20 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 24.2%. The stock has "Buy" rating by RBC Capital Markets on Thursday, January 25. The stock of Antero Resources Corporation (NYSE:AR) has "Hold" rating given on Thursday, November 16 by Jefferies. The stock of Unilever PLC (NYSE:UL) has "Neutral" rating given on Wednesday, August 12 by Goldman Sachs. The company was maintained on Thursday, September 21 by BMO Capital Markets. The firm has "Equal-Weight" rating given on Friday, April 20 by Morgan Stanley. Antero Resources Corp has a consensus rating of "Buy" and an average target price of $32.55. Robert W. Baird reinitiated Antero Resources Corporation (NYSE:AR) rating on Tuesday, December 19. $176,678 worth of Range Resources Corporation (NYSE:RRC) shares were sold by MANNY ROGER S. PALKO STEFFEN E had bought 34,000 shares worth $500,609 on Tuesday, January 30. Morgan Stanley maintained it with "Equal-Weight" rating and $22 target in Wednesday, October 18 report.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.90 as current ratio and on the opponent side the debt to equity ratio was 1.61 and long-term debt to equity ratio also remained 1.61. Its down 0.27, from 1.35 in 2017Q3.

Range Resources Corporation (NYSE:RRC) displayed a change of 1.59% after which it closed the day' session at $12.45. The ratio dived, as 139 investment managers increased or opened new positions, while 112 cut down and sold positions in Zebra Technologies Corp. Investors holded 291.74 million in 2017Q3 but now own 282.31 million shares or 3.23% less. Amer Interest, a New York-based fund reported 83,276 shares. Pinnacle Limited holds 844,995 shares or 0.76% of its portfolio. Range Resources Corporation's beta is 0.58 whilst the stock has an average true range (ATR) of 0.60. It worsened, as 24 investors sold II-VI Incorporated shares while 76 reduced holdings. The Company's price to free cash flow for trailing twelve months is 9.08. Seaport Global Securities downgraded shares of Range Resources from a "buy" rating to a "hold" rating in a research report on Tuesday, April 3rd. 26,164 are held by Petrus Trust Lta. Principal Financial Group Inc. now owns 342,259 shares of the oil and gas exploration company's stock valued at $6,698,000 after buying an additional 43,665 shares during the last quarter. Manufacturers Life Insur Com The invested 0% of its capital in Antero Resources Corporation (NYSE:AR). Jolley Asset Management LLC bought a new stake in shares of Range Resources in the 4th quarter worth approximately $125,000. Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in Antero Resources Corporation (NYSE:AR). Citadel Advsrs Lc holds 0% of its portfolio in Antero Resources Corporation (NYSE:AR) for 160,528 shares.

On 12/1/2017 NYSE:RRC - Range Resources announced a quarterly dividend of $0.02 0.45% with an ex dividend date of 12/14/2017 which will be payable on 12/29/2017.

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