California Resources Corp (NYSE:CRC) Updated Broker Ratings

Josh Kim
September 29, 2016

The company traded as high as $38.03 and last traded at $37.81, with a volume of 2,561,723 shares.

Antero Resources Corporation (AR) opened the session with a $26.03 price tag, later ranging from $25.26 to $26.06, the range at which the stock has traded at throughout the day.

6,159,815 shares crossed the trading desk yesterday, higher than the average, out of a total float 155,341,000. The shares were acquired at an average price of $37.00 per share, with a total value of $37,000.00. Now the company's dividend is at 0, whereas, the Dividend Yield stood at 0 Percent. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Following the completion of the transaction, the chief operating officer now directly owns 42,598 shares of the company's stock, valued at approximately $1,598,702.94. The disclosure for this sale can be found here.

Range Resources Corp. (NYSE: RRC) now has a market cap of 6.44B.

Range Resources Corp. using SYMBOL/TICKER code NYSE:RRC has had its stock rating noted as "Resumed" with the recommendation being set at "UNDERWEIGHT" yesterday by analysts at Barclays. Finally, Simmons began coverage on Range Resources a research report on Wednesday, July 13th. They now have a United States dollars 2 price target on the stock.

05/01/2015 - California Resources Corp had its "hold" rating reiterated by analysts at Zacks.

The stock's 50 day moving average is 11.10 and its 200 day moving average is 13.71.

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With that in mind, Range Resources Corp. (NYSE:RRC) last issued its earnings results on Tuesday, July 26th. For the reporting quarter, equity analysts expect the stock to deliver -$1.44 in earnings per share (EPS). Equities research analysts forecast that Range Resources Corp. will post ($0.21) EPS for the current fiscal year.

In connection with the sale, Williams agreed to waive $150 million Dollars of incentive distribution rights in the quarter following closing to facilitate the partnership's consent to the sale in recognition of the value of inter-company contracts. It has traded in a 52-week range between $19.21 - 46.96 and today's last price is 17.76%% lower than the 52 week high of $46.96.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.21%. Eclipse Resources Corporation has an EPS ratio of -4.53.

Several hedge funds have recently bought and sold shares of RRC.

Societe Generale is a brokerage house chasing shares of California Resources Corporation (CRC), so its rating change is noteworthy. The number of shares now owned by investors are 307.19 mln. In the research note, the firm Raises the price-target to $10.00 per share. Zurich Insurance Group Ltd FI acquired a new position in Range Resources Corp. during the first quarter worth about $583,000.

Range Resources Corporation (Range) is an independent natural gas natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration development and acquisition of natural gas and oil properties mostly in the Appalachian and Midcontinent regions of the United States. The combination of the two highest quality natural gas plays in the United States provides Range with a strong foundation to create sustainable shareholder value, while our extensive, regionally-diverse drilling inventory allows us to continue improving our already class-leading cost structure and further drive operational and marketing efficiencies.

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