Equities analysts expect Range Resources Corp. (NYSE:RRC) to report earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Range Resources’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.71. Range Resources posted earnings per share of $0.25 during the same quarter last year, which would suggest a positive year over year growth rate of 52%. The company is expected to issue its next earnings results on Monday, April 23rd.
On average, analysts expect that Range Resources will report full-year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.52 to $1.56. For the next year, analysts expect that the business will post earnings of $1.20 per share, with EPS estimates ranging from $0.56 to $1.94. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Range Resources.
Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.07. The firm had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $659.71 million. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. Range Resources’s quarterly revenue was up 167.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS.
In other Range Resources news, Director Anthony V. Dub sold 2,897 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.06, for a total value of $46,525.82. Following the sale, the director now directly owns 96,000 shares of the company’s stock, valued at $1,541,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steffen E. Palko bought 34,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was bought at an average cost of $14.72 per share, for a total transaction of $500,480.00. Following the completion of the transaction, the director now directly owns 61,267 shares of the company’s stock, valued at $901,850.24. The disclosure for this purchase can be found here. Corporate insiders own 0.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of RRC. Nationwide Fund Advisors increased its position in Range Resources by 10.4% in the third quarter. Nationwide Fund Advisors now owns 359,124 shares of the oil and gas exploration company’s stock worth $7,028,000 after buying an additional 33,783 shares during the period. Pictet Asset Management Ltd. increased its position in Range Resources by 4.2% in the third quarter. Pictet Asset Management Ltd. now owns 132,663 shares of the oil and gas exploration company’s stock worth $2,596,000 after buying an additional 5,300 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Range Resources by 72.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,324 shares of the oil and gas exploration company’s stock worth $907,000 after buying an additional 19,474 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Range Resources in the third quarter worth $244,000. Finally, Victory Capital Management Inc. increased its position in Range Resources by 18,002.1% in the third quarter. Victory Capital Management Inc. now owns 587,052 shares of the oil and gas exploration company’s stock worth $11,488,000 after buying an additional 583,809 shares during the period. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Range Resources (RRC) opened at $15.59 on Wednesday. The firm has a market capitalization of $3,870.00, a P/E ratio of -779.50, a price-to-earnings-growth ratio of 0.70 and a beta of 0.69. Range Resources has a fifty-two week low of $11.93 and a fifty-two week high of $30.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.57 and a quick ratio of 0.54.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 15th. Range Resources’s dividend payout ratio is currently -400.00%.
Range Resources 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.
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