Range Resources Corporation (NYSE:RRC) Announces $0.10 Quarterly Dividend

Range Resources Corporation (NYSE:RRC) declared a quarterly dividend on Friday, August 28th. Stockholders of record on Friday, September 11th will be given a dividend of 0.10 per share by the oil and gas exploration company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 11th.

Range Resources has a dividend payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Range Resources to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.0%.

Range Resources Trading Down 0.3%

NYSE RRC traded down $0.12 during trading hours on Friday, reaching $41.52. The company’s stock had a trading volume of 1,522,605 shares, compared to its average volume of 3,206,666. The firm has a fifty day simple moving average of $38.45 and a 200-day simple moving average of $40.24. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. Range Resources has a 52 week low of $32.68 and a 52 week high of $48.31. The stock has a market cap of $9.70 billion, a P/E ratio of 11.47 and a beta of 0.42.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. The firm had revenue of $759.58 million for the quarter, compared to analyst estimates of $744.78 million. During the same period in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts forecast that Range Resources will post 3.62 earnings per share for the current fiscal year.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.