Range Resources (RRC) Earning Somewhat Favorable Press Coverage, Analysis Finds
Headlines about Range Resources (NYSE:RRC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Range Resources earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the oil and gas exploration company an impact score of 47.9015074779434 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Range Resources Corporation (RRC) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- $643.54 Million in Sales Expected for Range Resources Corporation (RRC) This Quarter (americanbankingnews.com)
- Some hot names on Wall Street: Nokia Corporation (NOK), Range Resources Corporation (RRC) – Market Movers (financialqz.com)
- Some ‘Throw-in-the-Towel’ Activity Happened in Range Resources Corp. – TheStreet.com (realmoney.thestreet.com)
- The Biggest Loser: Range Resources Drops 3.7% (finance.yahoo.com)
Several research analysts have issued reports on the company. Bank of America cut Range Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, January 4th. Scotiabank reissued a “buy” rating and issued a $30.00 target price on shares of Range Resources in a research report on Monday, October 9th. Piper Jaffray Companies dropped their target price on Range Resources from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Stifel Nicolaus set a $21.00 target price on Range Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Vetr raised Range Resources from a “buy” rating to a “strong-buy” rating and set a $22.02 target price on the stock in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.02.
Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. equities analysts forecast that Range Resources will post 0.44 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, December 14th. Range Resources’s dividend payout ratio (DPR) is presently -38.10%.
In other Range Resources news, VP David P. Poole sold 30,920 shares of Range Resources stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total value of $505,851.20. Following the sale, the vice president now owns 17,647 shares of the company’s stock, valued at approximately $288,704.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony V. Dub sold 2,897 shares of Range Resources stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $16.06, for a total value of $46,525.82. Following the completion of the sale, the director now directly owns 96,000 shares in the company, valued at approximately $1,541,760. The disclosure for this sale can be found here. Insiders have sold a total of 44,574 shares of company stock worth $729,007 in the last three months. 0.42% of the stock is owned by corporate insiders.
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Range Resources 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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