Range Resources Corp. Plans Quarterly Dividend of $0.04 (RRC)
Range Resources Corp. (NYSE:RRC) announced a quarterly dividend on Friday, August 29th, AmericanBankingNews.com reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.04 per share on Tuesday, September 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.20%.
A number of analysts have recently weighed in on RRC shares. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Range Resources Corp. in a research note on Thursday, August 14th. On the ratings front, analysts at Barclays reiterated an “underweight” rating on shares of Range Resources Corp. in a research note on Monday, August 4th. They now have a $81.00 price target on the stock, down previously from $82.00. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.24.
Range Resources Corp. (NYSE:RRC) opened at 78.25 on Friday. Range Resources Corp. has a 1-year low of $72.54 and a 1-year high of $95.41. The stock’s 50-day moving average is $77.39 and its 200-day moving average is $85.25. The company has a market cap of $12.931 billion and a price-to-earnings ratio of 51.16.
Range Resources Corp. (NYSE:RRC) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.05. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $483.22 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Range Resources Corp. will post $1.77 earnings per share for the current fiscal year.
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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