Range Resources Corporation (NYSE:RRC) – Investment analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of Range Resources Corporation in a report issued on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas exploration company will post earnings of $0.25 per share for the quarter. Jefferies Group has a “Buy” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for Range Resources Corporation’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.17 EPS and FY2019 earnings at $0.82 EPS.

RRC has been the subject of a number of other reports. Robert W. Baird reduced their target price on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, August 11th. Citigroup Inc. reduced their target price on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, July 17th. Scotiabank restated a “buy” rating and set a $30.00 target price on shares of Range Resources Corporation in a report on Monday. Finally, BidaskClub cut shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Range Resources Corporation has a consensus rating of “Buy” and an average price target of $33.89.

ILLEGAL ACTIVITY WARNING: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/11/jefferies-group-comments-on-range-resources-corporations-q1-2019-earnings-rrc.html.

Shares of Range Resources Corporation (NYSE:RRC) traded up 0.51% on Wednesday, hitting $19.71. The company had a trading volume of 3,531,783 shares. The company has a 50-day moving average of $18.75 and a 200 day moving average of $22.38. The stock has a market cap of $4.89 billion, a PE ratio of 151.62 and a beta of 0.95. Range Resources Corporation has a 12 month low of $15.99 and a 12 month high of $39.92.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.02 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. Range Resources Corporation’s payout ratio is 100.01%.

In related news, Director Steffen E. Palko bought 15,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $16.81 per share, for a total transaction of $252,150.00. Following the transaction, the director now directly owns 27,267 shares in the company, valued at $458,358.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary Ralph Lowe bought 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was bought at an average price of $17.99 per share, with a total value of $179,900.00. Following the transaction, the director now owns 25,413 shares in the company, valued at $457,179.87. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 26,000 shares of company stock valued at $449,800. Insiders own 0.42% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Range Resources Corporation by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,202,503 shares of the oil and gas exploration company’s stock worth $537,603,000 after buying an additional 976,293 shares in the last quarter. Sanders Capital LLC lifted its position in Range Resources Corporation by 6.7% in the 2nd quarter. Sanders Capital LLC now owns 14,812,151 shares of the oil and gas exploration company’s stock worth $379,186,000 after buying an additional 932,706 shares in the last quarter. BlackRock Inc. lifted its position in Range Resources Corporation by 6.8% in the 2nd quarter. BlackRock Inc. now owns 14,024,098 shares of the oil and gas exploration company’s stock worth $324,936,000 after buying an additional 890,348 shares in the last quarter. State Street Corp lifted its position in Range Resources Corporation by 15.0% in the 2nd quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after buying an additional 1,805,404 shares in the last quarter. Finally, Stelliam Investment Management LP lifted its position in Range Resources Corporation by 21.9% in the 1st quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock worth $166,525,000 after buying an additional 1,027,500 shares in the last quarter. Institutional investors own 95.61% of the company’s stock.

About Range Resources Corporation

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.

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.