Range Resources Corporation (RRC) to Release Earnings on Tuesday
Range Resources Corporation (NYSE:RRC) will post its quarterly earnings results after the market closes on Tuesday, October 24th. Analysts expect Range Resources Corporation to post earnings of $0.09 per share for the quarter.
Range Resources Corporation (NYSE:RRC) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.20. The firm had revenue of $565.00 million for the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The business’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.35) EPS. On average, analysts expect Range Resources Corporation to post $0.45 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Range Resources Corporation (RRC) opened at 19.51 on Tuesday. Range Resources Corporation has a 12-month low of $16.00 and a 12-month high of $39.64. The stock has a market capitalization of $4.76 billion, a P/E ratio of 131.82 and a beta of 0.94. The firm’s 50-day moving average is $18.89 and its 200-day moving average is $22.20.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. Range Resources Corporation’s dividend payout ratio (DPR) is presently 100.01%.
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Several equities research analysts recently commented on the company. Zacks Investment Research cut Range Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday. Barclays PLC raised Range Resources Corporation from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, October 11th. BMO Capital Markets set a $30.00 price objective on Range Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, October 10th. Scotiabank reaffirmed a “buy” rating and set a $30.00 price objective on shares of Range Resources Corporation in a research report on Monday, October 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Range Resources Corporation in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.89.
In other Range Resources Corporation news, Director Steffen E. Palko bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $16.81 per share, with a total value of $252,150.00. Following the purchase, the director now owns 27,267 shares of the company’s stock, valued at $458,358.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ralph Lowe bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the purchase, the director now directly owns 25,413 shares in the company, valued at approximately $457,179.87. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,000 shares of company stock worth $449,800 in the last three months. 0.42% 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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