Range Resources Corp. (RRC) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Range Resources Corp. (NYSE:RRC) posted its quarterly earnings results on Tuesday. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.04, Analyst Ratings.Net reports. The company had revenue of $461.00 million for the quarter, compared to the consensus estimate of $459.87 million.
Range Resources Corp. (NYSE:RRC) traded down 0.72% on Tuesday, hitting $86.90. 1,511,697 shares of the company’s stock traded hands. Range Resources Corp. has a 52 week low of $70.30 and a 52 week high of $89.19. The stock’s 50-day moving average is $84.68 and its 200-day moving average is $79.49. The company has a market cap of $13.892 billion and a P/E ratio of 102.14.
A number of analysts have recently weighed in on RRC shares. Analysts at Sanford C. Bernstein downgraded shares of Range Resources Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. They now have a $90.00 price target on the stock, down previously from $99.00. On the ratings front, analysts at RBC Capital downgraded shares of Range Resources Corp. from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 18th. They now have a $90.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Range Resources Corp. to $89.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.34.
Range Resources Corporation (NYSE:RRC) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.
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