Range Resources Corporation (NYSE:RRC) – Analysts at SunTrust Banks issued their Q2 2018 earnings estimates for Range Resources in a note issued to investors on Thursday. SunTrust Banks analyst N. Dingmann expects that the oil and gas exploration company will post earnings of ($0.08) per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Range Resources’ Q4 2018 earnings at ($0.06) EPS.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million during the quarter, compared to analysts’ expectations of $543.16 million. During the same period last year, the business earned ($0.06) earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis.

RRC has been the subject of several other research reports. Morgan Stanley cut their price target on Range Resources from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Jefferies Group set a $36.00 price target on Range Resources and gave the company a “buy” rating in a report on Tuesday, August 29th. Scotiabank reaffirmed a “buy” rating and set a $30.00 price target on shares of Range Resources in a report on Monday, October 9th. BMO Capital Markets set a $30.00 price target on Range Resources and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Citigroup cut their price target on Range Resources from $34.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $31.27.

Shares of Range Resources (RRC) opened at $16.08 on Monday. Range Resources has a twelve month low of $15.91 and a twelve month high of $39.64. The stock has a market capitalization of $3,990.08, a price-to-earnings ratio of 44.67 and a beta of 0.91. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.72.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Range Resources by 26.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 990 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Range Resources by 1.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock worth $117,000 after buying an additional 64 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its holdings in shares of Range Resources by 166.2% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after buying an additional 3,801 shares in the last quarter. Stephens Inc. AR raised its stake in Range Resources by 5.6% in the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after purchasing an additional 412 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in Range Resources by 240.4% in the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock valued at $205,000 after purchasing an additional 6,250 shares in the last quarter. 95.72% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Thursday, December 14th. Range Resources’s dividend payout ratio is currently -38.09%.

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About Range Resources

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 (NYSE:RRC)

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