Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Range Resources Corporation (RRC) Share Price
Media coverage about Range Resources Corporation (NYSE:RRC) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Range Resources Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 46.4562389639011 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- Range Resources Corporation (RRC)- Stocks Showing Promising … – Investing News Update (investingbizz.com)
- $520.45 Million in Sales Expected for Range Resources Corporation (RRC) This Quarter (americanbankingnews.com)
- Stifel Nicolaus Analysts Give Range Resources Corporation (RRC) a $21.00 Price Target (americanbankingnews.com)
- Analyst’s Consensus to Buy Signal: Range Resources Corporation (RRC) – Street Observer (press release) (streetobserver.com)
- Range Resources Rebounding – Range Resources Corporation … – Seeking Alpha (seekingalpha.com)
Shares of Range Resources Corporation (NYSE:RRC) opened at 19.99 on Monday. The company has a market capitalization of $4.88 billion, a PE ratio of 135.07 and a beta of 0.95. Range Resources Corporation has a one year low of $15.99 and a one year high of $40.20. The stock has a 50 day moving average of $18.64 and a 200-day moving average of $22.56.
Range Resources Corporation (NYSE:RRC) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.20. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business had revenue of $565.00 million for the quarter, compared to analysts’ expectations of $544.08 million. During the same period in the previous year, the company earned ($1.35) earnings per share. The firm’s revenue for the quarter was up 55.8% compared to the same quarter last year. On average, equities analysts forecast that Range Resources Corporation will post $0.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.40%. The ex-dividend date was Thursday, September 14th. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.
A number of brokerages recently weighed in on RRC. Robert W. Baird reduced their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Stifel Nicolaus set a $21.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Thursday. Scotiabank set a $35.00 target price on shares of Range Resources Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Barclays PLC reaffirmed an “underweight” rating and issued a $18.00 target price (down from $20.00) on shares of Range Resources Corporation in a research note on Wednesday, August 9th. Finally, Citigroup Inc. reduced their target price on shares of Range Resources Corporation from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Range Resources Corporation has an average rating of “Buy” and a consensus price target of $34.34.
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In related news, Director Mary Ralph Lowe bought 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the completion of the purchase, the director now directly owns 25,413 shares in the company, valued at $457,179.87. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steffen E. Palko bought 15,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the completion of the purchase, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 26,000 shares of company stock worth $449,800. 2.40% of the stock is owned by corporate insiders.
Range Resources Corporation Company Profile
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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