Capital One Financial Corporation Weighs in on Range Resources Corporation’s Q4 2017 Earnings (RRC)

Range Resources Corporation (NYSE:RRC) – Capital One Financial Corporation reduced their Q4 2017 earnings per share (EPS) estimates for Range Resources Corporation in a note issued to investors on Wednesday, Zacks Investment Research reports. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas exploration company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.25.

Several other equities analysts also recently issued reports on RRC. BMO Capital Markets decreased their price objective on shares of Range Resources Corporation from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Monday, July 17th. Citigroup Inc. decreased 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 research note on Friday, July 21st. BidaskClub downgraded shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC decreased their target price on shares of 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 analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Range Resources Corporation has a consensus rating of “Buy” and an average target price of $31.89.

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Range Resources Corporation (NYSE:RRC) traded up $0.33 during midday trading on Friday, reaching $19.23. 6,383,900 shares of the company’s stock traded hands, compared to its average volume of 5,883,533. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72. Range Resources Corporation has a one year low of $15.99 and a one year high of $39.64. The firm has a market capitalization of $4,689.83, a P/E ratio of 52.50 and a beta of 0.91.

Range Resources Corporation (NYSE:RRC) last posted its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Range Resources Corporation had a positive return on equity of 1.63% and a negative net margin of 2.23%. The firm had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Range Resources Corporation’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Smithfield Trust Co. lifted its stake in shares of Range Resources Corporation by 480.0% in the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after acquiring an additional 3,840 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in Range Resources Corporation 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 valued at $110,000 after purchasing an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Range Resources Corporation 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 valued at $117,000 after purchasing an additional 64 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in Range Resources Corporation 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 valued at $141,000 after purchasing an additional 3,801 shares during the last quarter. Finally, Financial Architects Inc lifted its stake in Range Resources Corporation by 24.5% during 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 purchasing an additional 1,200 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

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.

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

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