Wall Street brokerages expect that Range Resources Corporation (NYSE:RRC) will post earnings per share of $0.02 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Range Resources Corporation’s earnings. The highest EPS estimate is $0.17 and the lowest is ($0.10). Range Resources Corporation reported earnings per share of ($0.06) in the same quarter last year, which suggests a positive year over year growth rate of 133.3%. The business is expected to issue its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that Range Resources Corporation will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.23 to $0.73. For the next year, analysts forecast that the company will report earnings of $0.64 per share, with EPS estimates ranging from ($0.08) to $1.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Range Resources Corporation.

Range Resources Corporation (NYSE:RRC) last released its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.20. The company had revenue of $565.00 million for the quarter, compared to analyst estimates of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The firm’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.35) EPS.

A number of equities research analysts have commented on the company. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Range Resources Corporation in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price objective on shares of Range Resources Corporation in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) lowered Range Resources Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $20.50 in a research report on Friday, September 8th. KeyCorp restated a “hold” rating on shares of Range Resources Corporation in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $36.00 price objective on Range Resources Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Range Resources Corporation presently has a consensus rating of “Buy” and an average price target of $38.33.

In other Range Resources Corporation news, Director Mary Ralph Lowe purchased 10,000 shares of the stock in a transaction on Friday, August 4th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the completion of the acquisition, the director now directly owns 25,413 shares of the company’s stock, valued at $457,179.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steffen E. Palko purchased 15,000 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $16.81 per share, with a total value of $252,150.00. Following the completion of the acquisition, the director now directly owns 27,267 shares of the company’s stock, valued at $458,358.27. The disclosure for this purchase can be found here. Insiders acquired 26,000 shares of company stock valued at $449,800 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Range Resources Corporation by 7.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,756 shares of the oil and gas exploration company’s stock worth $109,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Range Resources Corporation by 0.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the oil and gas exploration company’s stock worth $119,000 after buying an additional 31 shares in the last quarter. Smithfield Trust Co. grew its holdings in shares of Range Resources Corporation by 480.0% during the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 3,840 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Range Resources Corporation by 886.4% during the first quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after buying an additional 4,494 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Range Resources Corporation by 15.2% during the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the oil and gas exploration company’s stock worth $154,000 after buying an additional 700 shares in the last quarter. Institutional investors own 95.34% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Analysts Anticipate Range Resources Corporation (RRC) Will Post Earnings of $0.02 Per Share” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/09/16/analysts-anticipate-range-resources-corporation-rrc-will-post-earnings-of-0-02-per-share.html.

Range Resources Corporation (RRC) traded down 1.28% on Friday, reaching $18.54. 13,173,710 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.52 billion, a P/E ratio of 125.27 and a beta of 0.94. The firm’s 50 day moving average is $17.96 and its 200 day moving average is $23.43. Range Resources Corporation has a 1-year low of $16.00 and a 1-year high of $40.20.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.02 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.43%. Range Resources Corporation’s dividend payout ratio is presently 100.01%.

Range Resources Corporation 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.

Get a free copy of the Zacks research report on Range Resources Corporation (RRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Range Resources Corporation (NYSE:RRC)

Receive News & Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.