Range Resources Corporation (NYSE:RRC) – Analysts at SunTrust Banks issued their Q2 2018 earnings per share estimates for shares of Range Resources in a research note issued to investors on Thursday. SunTrust Banks analyst N. Dingmann anticipates that the oil and gas exploration company will post earnings of ($0.08) per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $20.00 target price on the stock. SunTrust Banks also issued estimates for Range Resources’ Q4 2018 earnings at ($0.06) EPS.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The company had revenue of $482.20 million during the quarter, compared to analyst estimates of $543.16 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis.

A number of other equities analysts have also weighed in on RRC. Citigroup decreased their price objective on shares of Range Resources from $34.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Cowen restated a “buy” rating and issued a $35.00 price objective on shares of Range Resources in a report on Tuesday, August 22nd. Jefferies Group set a $36.00 price objective on shares of Range Resources and gave the stock a “buy” rating in a report on Tuesday, August 29th. KeyCorp restated a “hold” rating on shares of Range Resources in a report on Wednesday, September 6th. Finally, Goldman Sachs Group lowered shares of Range Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $20.50 in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.98.

Shares of Range Resources (RRC) traded up $0.62 during midday trading on Monday, reaching $16.70. 7,447,400 shares of the company were exchanged, compared to its average volume of 5,906,125. Range Resources has a 52 week low of $15.91 and a 52 week high of $39.64. The stock has a market cap of $3,990.08, a price-to-earnings ratio of 44.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. Range Resources’s dividend payout ratio is presently -38.09%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Range Resources by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after purchasing an additional 976,293 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Range Resources by 4.5% in the 3rd quarter. Sanders Capital LLC now owns 15,485,365 shares of the oil and gas exploration company’s stock worth $332,679,000 after purchasing an additional 673,214 shares in the last quarter. BlackRock Inc. increased its stake in shares of Range Resources by 6.8% in the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after purchasing an additional 890,348 shares in the last quarter. State Street Corp increased its stake in shares of Range Resources by 15.0% in the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after purchasing an additional 1,805,404 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Range Resources by 14.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 4,951,343 shares of the oil and gas exploration company’s stock worth $96,898,000 after purchasing an additional 612,032 shares in the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.

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About Range Resources

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.

Earnings History and Estimates for Range Resources (NYSE:RRC)

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