Range Resources Corporation (NYSE:RRC) – Equities researchers at Jefferies Group issued their Q3 2017 earnings estimates for shares of Range Resources Corporation in a research note issued to investors on Monday. Jefferies Group analyst M. Lear anticipates that the oil and gas exploration company will post earnings per share of $0.05 for the quarter. Jefferies Group currently has a “Buy” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for Range Resources Corporation’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.19 EPS and FY2018 earnings at $0.61 EPS.

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

TRADEMARK VIOLATION NOTICE: “Range Resources Corporation Forecasted to Earn Q3 2017 Earnings of $0.05 Per Share (RRC)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/range-resources-corporation-forecasted-to-earn-q3-2017-earnings-of-0-05-per-share-rrc.html.

Several other brokerages have also weighed in on RRC. BMO Capital Markets set a $30.00 price target on Range Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub upgraded Range Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Cowen and Company reiterated a “buy” rating and set a $35.00 price target on shares of Range Resources Corporation in a research note on Tuesday, August 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price target on shares of Range Resources Corporation in a research note on Thursday, September 14th. Finally, Barclays PLC decreased their price target on Range Resources Corporation from $20.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.89.

Shares of Range Resources Corporation (RRC) opened at 19.93 on Thursday. Range Resources Corporation has a 12-month low of $15.99 and a 12-month high of $39.92. The stock has a 50 day moving average of $18.81 and a 200 day moving average of $22.36. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 134.66 and a beta of 0.95.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smithfield Trust Co. increased its position in shares of Range Resources Corporation by 480.0% in the second quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock valued at $107,000 after acquiring an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Range Resources Corporation by 26.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after acquiring an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Range Resources Corporation by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after acquiring an additional 64 shares during the last quarter. Financial Architects Inc increased its position in shares of Range Resources Corporation by 24.5% in the second quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. increased its position in shares of Range Resources Corporation by 166.2% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after acquiring an additional 3,801 shares during the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders 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 annualized dividend and a dividend yield of 0.40%. Range Resources Corporation’s dividend payout ratio is currently 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.

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.