Range Resources Corp. (NYSE:RRC) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.02 per share by the oil and gas exploration company on Monday, December 30th. This represents a $0.08 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, December 12th.
NYSE RRC opened at $4.06 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.69. The firm’s fifty day moving average price is $3.99 and its 200 day moving average price is $4.97. The company has a market capitalization of $967.99 million, a price-to-earnings ratio of 3.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.99. Range Resources has a 12 month low of $3.26 and a 12 month high of $14.04.
Range Resources (NYSE:RRC) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $622.45 million during the quarter, compared to analysts’ expectations of $594.94 million. Range Resources had a negative net margin of 50.85% and a positive return on equity of 3.14%. Range Resources’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts forecast that Range Resources will post 0.23 earnings per share for the current year.
A number of brokerages recently issued reports on RRC. Credit Suisse Group cut Range Resources from an “outperform” rating to a “neutral” rating in a research report on Friday, October 4th. TD Securities cut their price target on Range Resources from $4.00 to $3.75 and set a “hold” rating on the stock in a research report on Friday, October 25th. Bank of America reduced their price objective on Range Resources from $8.00 to $4.00 and set an “underperform” rating for the company in a research note on Thursday, October 24th. LADENBURG THALM/SH SH lowered shares of Range Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.00 to $5.00 in a research report on Monday, August 26th. Finally, MKM Partners raised shares of Range Resources from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.67.
About Range Resources
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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