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Published: Mon, May 29, 2017
Economy | By Melissa Porter

Were Analysts Bullish California Resources Corp (NYSE:CRC) This Week?


197,290 shares or 0.10% less from 197,493 shares in 2016Q3 were reported. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company's stock valued at $119,000 after buying an additional 31 shares during the last quarter. Nomura upgraded Range Resources Corp. from a "neutral" rating to a "buy" rating and set a $45.00 price target for the company in a report on Monday, February 6th. The Beta for the company stands at 0 and its Average True Range (ATR) shows a value of 0.89. Schafer Cullen Capital reported 0% in AGCO Corporation (NYSE:AGCO). The firm exchanged a volume of 5.3 million shares at hands. Arcadia Invest Mgmt Mi invested in 0.02% or 2,000 shares. Federated Pa invested in 0.02% or 104,660 shares. (NYSE:RRC). Louisiana State Employees Retirement Systems accumulated 11,800 shares. Fifth Third Natl Bank has 0% invested in Range Resources Corp. Barclays Public Ltd holds 1,728 shares or 0% of its portfolio. It also upped Xl Group Ltd stake by 9.54 million shares and now owns 13.65 million shares. (NYSE:RRC). Nationwide Fund Advsr has invested 0.04% in Range Resources Corp. Menta Capital Limited Liability Co holds 8,000 shares.

Since January 3, 2017, it had 1 buying transaction, and 4 selling transactions for $2.65 million activity. (NYSE:RRC) was sold by Walker Ray N JR. 48,500 shares were sold by VENTURA JEFFREY L, worth $1.58 million on Tuesday, January 3. State Of Tennessee Treasury Department has invested 0.13% in Range Resources Corp. (NYSE:RRC) was sold by MANNY ROGER S on Tuesday, January 3. Current year EPS projections for Range Resources Corp. Analysts reported that the Price Target for Range Resources Corporation might touch $62 high while the Average Price Target and Low price Target is $42.32 and $27 respectively. As per Thursday, March 31, the company rating was downgraded by Janney Capital. The analysts estimated sales for the higher end at 514 million and lower end at 464.23 million while the year ago reported sale was 513.3 million. The company's price range for the trading day is $28.44 to $29.12. If we look back year-to-date, the stock has performed -30.76%. The short ratio in the company's stock is documented at 3.97 and the short float is around of 8.6%.

About 6.14 million shares traded or 15.63% up from the average.

Range Resources Corp. (NYSE:RRC) have shown a low EPS growth of -65.80% in the last 5 years and has earnings growth of 222.20% yoy.

03/30/2017 - Range Resources Corporation was upgraded to " by analysts at UBS.

Analysts await Murphy USA Inc (NYSE:MUSA) to report earnings on August, 2.

Some buy side analysts are also providing their Analysis on Range Resources Corporation, where 11 analysts have rated the stock as Strong buy, 18 analysts have given a Buy signal, 7 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. $76,317 worth of Range Resources Corp. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 68% are positive.

According to consensus agreement of 32 analysts Range Resources Corp. For the next 5 years, Range Resources Corporation is expecting Growth of 20% per annum, whereas in the past 5 years the growth was -12.92% per annum. The company was maintained on Monday, September 14 by Citigroup. Credit Suisse Group AG restated a "buy" rating on shares of Antero Resources Corp in a research note on Sunday, February 5th. The rating was upgraded by Morgan Stanley to "Equal-Weight" on Tuesday, November 22.

A price target is the projected price level of a financial security stated by an investment analyst. The firm has "Buy" rating by Ladenburg Thalmann given on Monday, November 23.

More important recent Range Resources Corp. The firm has "Hold" rating given on Wednesday, October 12 by Deutsche Bank.

Range Resources Corporation is an independent natural gas, natural gas liquids and oil company. Moors & Cabot Inc who had been investing in Agco Corp for a number of months, seems to be bullish on the $5.08B market cap company. The Company's segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity. It now has negative earnings.

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