Range Resources (RRC) Got Lower Citigroup Rating; W-G Shaheen & Associates Dba Whitney & Co Lowered Verizon Communications (VZ) Holding By $459,940

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In a an analyst note issued to clients and investors on Tuesday, 17 April, Citigroup stated it was downgrading Range Resources (NYSE:RRC) stock rating from a “Buy” to a “Neutral”.

W-G Shaheen & Associates Dba Whitney & Co decreased Verizon Communications Inc (VZ) stake by 6.57% reported in 2017Q4 SEC filing. W-G Shaheen & Associates Dba Whitney & Co sold 8,845 shares as Verizon Communications Inc (VZ)’s stock declined 11.05%. The W-G Shaheen & Associates Dba Whitney & Co holds 125,700 shares with $6.65 million value, down from 134,545 last quarter. Verizon Communications Inc now has $202.19 billion valuation. The stock increased 1.22% or $0.59 during the last trading session, reaching $48.98. About 4.13M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 17, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. As per Tuesday, January 2, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, January 22 by Scotia Capital. The rating was upgraded by HSBC to “Buy” on Wednesday, March 28. The rating was maintained by Argus Research on Wednesday, October 21 with “Buy”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Outperform” rating given on Wednesday, September 30 by RBC Capital Markets. Scotia Capital maintained the stock with “Sector Outperform” rating in Wednesday, October 21 report. On Wednesday, January 24 the stock rating was maintained by Robert W. Baird with “Hold”. The firm earned “Hold” rating on Monday, April 24 by RBC Capital Markets. The firm has “Hold” rating by Cowen & Co given on Monday, September 18. The rating was downgraded by FBR Capital on Wednesday, January 25 to “Mkt Perform”.

Since October 27, 2017, it had 0 insider buys, and 2 insider sales for $376,615 activity. $346,957 worth of Verizon Communications Inc. (NYSE:VZ) was sold by Skiadas Anthony T. SILLIMAN CRAIG L. sold $29,658 worth of stock or 610 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 24 before the open. They expect $1.11 EPS, up 16.84% or $0.16 from last year’s $0.95 per share. VZ’s profit will be $4.58B for 11.03 P/E if the $1.11 EPS becomes a reality. After $0.86 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 29.07% EPS growth.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Waverton Mngmt Ltd holds 230,684 shares or 0.71% of its portfolio. Pathstone Family Office Limited Liability has 0.01% invested in Verizon Communications Inc. (NYSE:VZ) for 451 shares. Endurance Wealth invested in 0.09% or 10,985 shares. Amg Funds Lc accumulated 38,734 shares. Oakworth owns 13,533 shares. New England Professional Planning Gp has invested 0.63% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Cheviot Value Ltd Llc accumulated 0.44% or 16,062 shares. Moreover, Conestoga Cap Advsrs Limited Liability has 0.01% invested in Verizon Communications Inc. (NYSE:VZ). Nomura Asset owns 924,425 shares. Carnegie Asset Ltd Com owns 143,650 shares. 89,945 are owned by Putnam Fl Investment Company. 54,021 were accumulated by Bailard. American Economic Planning Incorporated Adv accumulated 0.11% or 5,551 shares. Mitsubishi Ufj Securities holds 0.31% or 1,400 shares in its portfolio. Syntal Capital Prns Limited Com invested 0.06% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Analysts await Range Resources Corporation (NYSE:RRC) to report earnings on April, 25 after the close. They expect $0.45 earnings per share, down 34.78% or $0.24 from last year’s $0.69 per share. RRC’s profit will be $110.46 million for 7.89 P/E if the $0.45 EPS becomes a reality. After $0.22 actual earnings per share reported by Range Resources Corporation for the previous quarter, Wall Street now forecasts 104.55% EPS growth.

Since October 26, 2017, it had 1 buy, and 3 insider sales for $228,453 activity. Shares for $176,678 were sold by MANNY ROGER S on Thursday, October 26. DUB ANTHONY V also sold $46,533 worth of Range Resources Corporation (NYSE:RRC) on Thursday, December 14. $505,851 worth of Range Resources Corporation (NYSE:RRC) was sold by Poole David P. The insider PALKO STEFFEN E bought $500,609.

Range Resources Corporation operates as an independent natural gas, natural gas liquids , and oil company. The company has market cap of $3.49 billion. It engages in the exploration, development, and acquisition of natural gas and oil properties. It has a 10.59 P/E ratio. The firm holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana region of the United States.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 19 Hold. Therefore 51% are positive. Range Resources Corp. has $65 highest and $1600 lowest target. $31.45’s average target is 121.32% above currents $14.21 stock price. Range Resources Corp. had 149 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital downgraded Range Resources Corporation (NYSE:RRC) rating on Thursday, January 28. Barclays Capital has “Equal Weight” rating and $25 target. The stock of Range Resources Corporation (NYSE:RRC) has “Buy” rating given on Monday, March 19 by Jefferies. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, March 10. The firm has “Outperform” rating by Wells Fargo given on Friday, April 28. The firm has “Market Perform” rating by Raymond James given on Tuesday, March 22. As per Friday, October 7, the company rating was upgraded by JP Morgan. As per Tuesday, July 18, the company rating was maintained by Cowen & Co. Morgan Stanley initiated Range Resources Corporation (NYSE:RRC) rating on Tuesday, September 20. Morgan Stanley has “Equal-Weight” rating and $45 target. Suntrust Robinson reinitiated the stock with “Hold” rating in Friday, December 8 report. The stock of Range Resources Corporation (NYSE:RRC) has “Overweight” rating given on Tuesday, April 4 by Capital One.

The stock decreased 2.00% or $0.29 during the last trading session, reaching $14.21. About 2.89 million shares traded. Range Resources Corporation (NYSE:RRC) has declined 48.60% since April 17, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart