Economy

Seaport Global Securities Brokers Decrease Earnings Estimates for Range Resources Corporation (RRC)

Seaport Global Securities Brokers Decrease Earnings Estimates for Range Resources Corporation (RRC)

The stock increased 2.92% or $0.49 during the last trading session, reaching $17.27. Among active positions in the latest quarter, 244 holders increased their positions by a total of 49.06 million shares, 190 holders decreased the positions by a total of 31.68 million shares, and 50 holders held their positions. Range Resources Corporation (NYSE:RRC) has declined 36.05% since January 13, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Analysts await PTC Inc. They expect $0.14 EPS, up 121.21% or $0.80 from last year's $-0.66 per share. Capital Rech Glob Investors has 0.03% invested in Range Resources Corporation (NYSE:RRC) for 5.01M shares. After having $0.55 EPS previously, Kennametal Inc.'s analysts see -5.45% EPS growth. The stock increased 1.37% or $2.49 during the last trading session, reaching $184.45. About 698,565 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 12, 2017 and is uptrending. It has outperformed by 3.44% the S&P500. Sailingstone Cap Partners Ltd Liability Corporation has 17.41% invested in Range Resources Corporation (NYSE:RRC) for 33.21M shares. Poole David P had sold 30,920 shares worth $505,851 on Tuesday, December 12. Putnam Invests Limited Liability stated it has 0.04% of its portfolio in FedEx Corporation (NYSE:FDX). It also reduced Valero Energy Corp (NYSE:VLO) stake by 18,478 shares and now owns 37,763 shares. Devon Energy Corp New (NYSE:DVN) was reduced too.

Recent insider trends for Range Resources Corporation (NYSE:RRC) have caught the attention of investors. (TSE:TMB), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 65% are positive. Range Resources Corp. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Range Resources Corporation (NYSE:RRC) on Tuesday, September 26 with "Hold" rating. Citigroup upgraded Range Resources Corporation (NYSE:RRC) on Wednesday, November 4 to "Buy" rating. Deutsche Bank maintained the stock with "Hold" rating in Tuesday, August 8 report. (NASDAQ:PTC) has "Overweight" rating given on Thursday, October 8 by KeyBanc Capital Markets. The firm has "Buy" rating given on Thursday, March 17 by UBS. Trellus Mgmt Limited Com has invested 0.43% in Range Resources Corporation (NYSE:RRC). The stock has "Equal Weight" rating by Barclays Capital on Thursday, January 28. The rating was maintained by Imperial Capital on Friday, October 28 with "Outperform". Also, CFO Roger S. Manny sold 10,757 shares of the firm's stock in a transaction dated Tuesday, December 12th. Wells Fargo upgraded the shares of RRC in report on Friday, April 28 to "Outperform" rating.

Investors sentiment is 1.35 in Q3 2017. Its the same as in 2017Q2.

Among new and sold out positions, 50 holders initiated new positions by a total of 10.75 million shares and 68 holders exited their positions by a total of 7.13 million shares. Cambridge Invest Incorporated owns 76,794 shares or 0.19% of their United States portfolio. Proshare Advisors Ltd Liability Co holds 0.02% or 129,307 shares in its portfolio. Madison Inv Holdings holds 391,200 shares. Principal Group owns 0.01% invested in Range Resources Corporation (NYSE:RRC) for 342,259 shares. Janney Montgomery Scott accumulated 26,069 shares. Guggenheim Cap Lc owns 2.31 million shares for 0.11% of their portfolio. Emerald Advisers Pa holds 0.04% or 53,697 shares. Baillie Gifford & Commerce accumulated 263,680 shares or 0.03% of the stock. Highlander Mgmt Ltd Co holds 0.02% or 1,500 shares. Holderness stated it has 6,811 shares or 0.8% of all its holdings. Raffles Assoc LP holds 25,000 shares. Nomura downgraded the stock to "Neutral" rating in Wednesday, June 8 report.

Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. Van Eck Associates Corp who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $133.89B market cap company. It operates through three divisions: Industrial, Widia, and Infrastructure. The consensus rating is 2.2, suggesting the market has given up on the stock.

More news: Capital First merger to lift IDFC Bank's retail business

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company.

Among 15 analysts covering Kennametal Inc.

In an overview of the current analyst recommendations, Buy count is 19 and Overweight is 4 while the number of analysts recommending Sell and Underweight are 1 and 0, respectively. Kennametal Inc. had 42 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned "Neutral" rating on Wednesday, May 24 by Susquehanna. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, September 13.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. The stock of PTC Inc. (NYSE:M) earned "Neutral" rating by Citigroup on Friday, August 12. As per Friday, March 11, the company rating was maintained by Deutsche Bank. BMO Capital Markets downgraded the shares of RRC in report on Friday, July 29 to "Market Perform" rating. The company was maintained on Monday, August 3 by Barclays Capital. $216,904 worth of DSW Inc. (NYSE:KMT) was sold by MCLEVISH TIMOTHY R. Morgan Stanley reported 0.03% in Edison International (NYSE:EIX).

Investors sentiment is 1.35 in Q3 2017. Its up 0.20, from 1.37 in 2017Q2. It dropped, as 31 investors sold Kennametal Inc. shares while 75 reduced holdings. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. The hedge fund run by Leon Shaulov held 1.60 million shares of the programming company at the end of 2017Q3, valued at $52.76 million, up from 1,500 at the end of the previous reported quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company's stock worth $321,059,000 after buying an additional 1,805,404 shares during the period. Axa has 704,017 shares for 0.06% of their portfolio. (NASDAQ:PTC). Raymond James Assoc invested 0.02% in PTC Inc. (NYSE:DSW) for 23,413 shares. Kentucky Retirement has 11,554 shares for 0.02% of their portfolio. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Shares for $46,533 were sold by DUB ANTHONY V. Mitchell Grp Inc has 3.41% invested in Range Resources Corporation (NYSE:RRC) for 1.10 million shares.


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