Range Resources (NYSE:RRC) issued its quarterly earnings data on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07, Bloomberg Earnings reports. The company had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $659.71 million. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. The business’s revenue was up 167.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share.
Shares of Range Resources (NYSE:RRC) traded down $0.55 on Wednesday, reaching $15.04. 8,091,538 shares of the company’s stock traded hands, compared to its average volume of 9,878,535. The firm has a market capitalization of $3,740.00, a P/E ratio of -752.00, a P/E/G ratio of 0.69 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.71. Range Resources has a 1-year low of $11.93 and a 1-year high of $30.30.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.08 annualized dividend and a yield of 0.53%. Range Resources’s dividend payout ratio is currently -400.00%.
In other Range Resources news, Director Steffen E. Palko acquired 34,000 shares of Range Resources stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average price of $14.72 per share, with a total value of $500,480.00. Following the completion of the purchase, the director now directly owns 61,267 shares in the company, valued at approximately $901,850.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony V. Dub sold 2,897 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.06, for a total transaction 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. 0.42% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on RRC shares. BMO Capital Markets set a $30.00 price target on Range Resources and gave the company a “buy” rating in a research note on Tuesday, November 14th. Scotiabank set a $27.00 price target on Range Resources and gave the company a “buy” rating in a research note on Saturday, November 25th. ValuEngine upgraded Range Resources from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “hold” rating and issued a $20.00 price target on shares of Range Resources in a research note on Friday, December 8th. Finally, Credit Suisse Group started coverage on Range Resources in a research note on Monday, December 11th. They issued an “outperform” rating and a $24.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Range Resources presently has a consensus rating of “Hold” and a consensus price target of $23.70.
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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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