Green Bancorp, Inc. (GNBC) Trades at $23.65 After Triangle; Brigade Capital Management LP Has Cut Range Res (RRC) Stake

Green Bancorp, Inc. (NASDAQ:GNBC) Logo

Brigade Capital Management Lp decreased Range Res Corp (RRC) stake by 57.9% reported in 2018Q1 SEC filing. Brigade Capital Management Lp sold 579,000 shares as Range Res Corp (RRC)’s stock rose 12.18%. The Brigade Capital Management Lp holds 421,000 shares with $6.12 million value, down from 1.00 million last quarter. Range Res Corp now has $4.05B valuation. The stock increased 1.40% or $0.23 during the last trading session, reaching $16.62. About 7.48 million shares traded or 4.16% up from the average. Range Resources Corporation (NYSE:RRC) has declined 36.11% since June 14, 2017 and is downtrending. It has underperformed by 48.68% the S&P500. Some Historical RRC News: ; 23/05/2018 – S&P AFFIRMS RANGE RESOURCES ‘BB+’RATING; OUTLOOK STABLE; 25/04/2018 – Range Resources 1Q Adj EPS 46c; 09/05/2018 – EnerCom Updates Presenting Companies for its 23rd Annual – The Oil & Gas ConferenceĀ®; 26/04/2018 – RANGE RESOURCES SAYS HAS MULTIPLE ASSET SALES UNDERWAY; 26/04/2018 – RANGE RESOURCES SAYS IT PLANS TO SELL NON-CORE ASSETS IN FUTURE; 16/04/2018 – Range Resources: Maintains Borrowing Base of $3B With $2B in Commitments; 27/03/2018 – ETP Mariner East liquids pipe spills more fluid in Pennsylvania; 26/04/2018 – RANGE RESOURCES CEO JEFF VENTURA COMMENTS ON CALL; 25/04/2018 – CNBC Wires: Range Resources: 1Q Earnings Snapshot; 25/04/2018 – RANGE RESOURCES – INCIDENT CAUSED BY ILLEGAL DRILLING OPERATIONS OF A NEW WELL UNDERTAKEN BY LOCAL RESIDENTS WHICH HAS CAUSED A BLOWOUT AND FIRE

Green Bancorp, Inc. (GNBC) formed triangle with $22.47 target or 5.00% below today’s $23.65 share price. Green Bancorp, Inc. (GNBC) has $881.52 million valuation. The stock increased 0.64% or $0.15 during the last trading session, reaching $23.65. About 245,044 shares traded or 12.99% up from the average. Green Bancorp, Inc. (NASDAQ:GNBC) has risen 18.02% since June 14, 2017 and is uptrending. It has outperformed by 5.45% the S&P500. Some Historical GNBC News: ; 26/04/2018 – GREEN BANCORP – QTRLY NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES $38.2 MLN VS $36.8 MLN FOR QTR ENDED DEC 31, 2017; 20/04/2018 – DJ Green Bancorp Inc, Inst Holders, 1Q 2018 (GNBC); 06/04/2018 – Green Bancorp Closes Below 50-Day Moving Average: Technicals; 14/03/2018 Montgomery County Green Bank Unveils Commercial Loan For Energy Efficiency And Renewables; 15/03/2018 – Direct Energy Solar Receives Connecticut Green Bank PACEsetter Award for Outstanding Project; 26/04/2018 – Green Bancorp Declares Dividend of 10c; 23/05/2018 – Green Bancorp, Inc. Announces Secondary Offering of Common Stk; 09/05/2018 – Patriot Financial Partners GP Exits Position in Green Bancorp; 03/05/2018 – Green Bancorp Closes Below 200-Day Moving Average: Technicals; 26/04/2018 – Green Bancorp 1Q EPS 26c

Analysts await Green Bancorp, Inc. (NASDAQ:GNBC) to report earnings on July, 26. They expect $0.44 EPS, up 25.71% or $0.09 from last year’s $0.35 per share. GNBC’s profit will be $16.40 million for 13.44 P/E if the $0.44 EPS becomes a reality. After $0.26 actual EPS reported by Green Bancorp, Inc. for the previous quarter, Wall Street now forecasts 69.23% EPS growth.

Among 9 analysts covering Green Bancorp Inc (NASDAQ:GNBC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Green Bancorp Inc had 22 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Thursday, October 29. The rating was downgraded by Suntrust Robinson on Friday, April 29 to “Neutral”. The company was maintained on Thursday, October 26 by SunTrust. As per Wednesday, June 8, the company rating was upgraded by Hovde Group. The firm earned “Hold” rating on Monday, January 8 by SunTrust. Hovde Group maintained the stock with “Buy” rating in Friday, January 26 report. The company was maintained on Sunday, January 28 by Piper Jaffray. The firm has “Buy” rating given on Friday, January 26 by Sandler O’Neill. The stock of Green Bancorp, Inc. (NASDAQ:GNBC) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The rating was downgraded by Suntrust Robinson on Tuesday, August 25 to “Neutral”.

More recent Range Resources Corporation (NYSE:RRC) news were published by: Bizjournals.com which released: “State Department OKs boosting cross-border natural gas pipeline’s capacity” on June 13, 2018. Also Globenewswire.com published the news titled: “New Research: Key Drivers of Growth for CBIZ, Range Resources, Pepsico, Kirby, Moog, and American Water Works …” on June 11, 2018. Fool.com‘s news article titled: “3 Top Oil Stocks to Buy in June” with publication date: June 12, 2018 was also an interesting one.

Since January 30, 2018, it had 1 insider buy, and 0 selling transactions for $500,609 activity. On Tuesday, January 30 the insider PALKO STEFFEN E bought $500,609.

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. had 154 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, May 2 by JP Morgan. The stock has “Buy” rating by Citigroup on Wednesday, November 4. The rating was maintained by Bank of America on Thursday, January 25 with “Neutral”. The rating was downgraded by Bernstein on Tuesday, March 27 to “Market Perform”. The stock of Range Resources Corporation (NYSE:RRC) earned “Neutral” rating by Macquarie Research on Monday, March 21. JP Morgan downgraded Range Resources Corporation (NYSE:RRC) on Monday, October 23 to “Neutral” rating. As per Friday, January 26, the company rating was maintained by Piper Jaffray. The stock of Range Resources Corporation (NYSE:RRC) earned “Buy” rating by RBC Capital Markets on Thursday, January 25. On Wednesday, September 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. Nomura upgraded Range Resources Corporation (NYSE:RRC) on Monday, February 6 to “Buy” rating.

Investors sentiment increased to 1.17 in 2018 Q1. Its up 0.09, from 1.08 in 2017Q4. It increased, as 52 investors sold RRC shares while 110 reduced holdings. 53 funds opened positions while 136 raised stakes. 257.09 million shares or 11.77% more from 230.02 million shares in 2017Q4 were reported. Rampart Management Limited Liability Corp, Massachusetts-based fund reported 5,421 shares. Canada Pension Plan Invest Board invested 0.01% of its portfolio in Range Resources Corporation (NYSE:RRC). Dekabank Deutsche Girozentrale holds 0% of its portfolio in Range Resources Corporation (NYSE:RRC) for 18,363 shares. Switzerland-based Gam Ag has invested 0.02% in Range Resources Corporation (NYSE:RRC). Baker Avenue Asset Lp holds 0.1% of its portfolio in Range Resources Corporation (NYSE:RRC) for 72,791 shares. Brave Asset Management holds 20,400 shares or 0.18% of its portfolio. Eagle Boston Invest Mgmt Inc reported 62,565 shares stake. Davenport & Limited Liability Company has invested 0% in Range Resources Corporation (NYSE:RRC). Janney Montgomery Scott Limited Liability Com holds 0% or 32,766 shares. Louisiana State Employees Retirement Systems holds 13,800 shares or 0.01% of its portfolio. Schneider Capital Management holds 103,730 shares. Cwm Limited holds 80 shares or 0% of its portfolio. Eaton Vance Management invested in 0.03% or 732,362 shares. Schroder Management Grp invested in 0.04% or 1.54 million shares. Kingfisher Ltd Liability Corporation holds 0.46% or 49,924 shares.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart