Range Resources Corp. (NYSE:RRC) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share estimates for shares of Range Resources in a report released on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly expects that the oil and gas exploration company will earn $0.40 per share for the quarter. Seaport Global Securities currently has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for Range Resources’ Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.08 EPS.
Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, February 27th. The oil and gas exploration company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.07. The business had revenue of $679.00 million during the quarter, compared to the consensus estimate of $659.71 million. Range Resources had a net margin of 12.76% and a return on equity of 5.42%. The firm’s revenue was up 167.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share.
Other equities analysts also recently issued reports about the stock. Credit Suisse Group assumed coverage on shares of Range Resources in a report on Monday, December 11th. They issued an “outperform” rating and a $24.00 target price for the company. B. Riley set a $17.00 target price on shares of Range Resources and gave the stock a “hold” rating in a report on Friday, March 9th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 target price on shares of Range Resources in a report on Friday, December 8th. Capital One Financial downgraded shares of Range Resources from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Range Resources from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Range Resources currently has an average rating of “Hold” and an average price target of $23.04.
Shares of Range Resources stock opened at $13.97 on Thursday. The stock has a market capitalization of $3,424.87, a price-to-earnings ratio of 24.09, a PEG ratio of 0.61 and a beta of 0.55. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.71. Range Resources has a one year low of $11.93 and a one year high of $30.00.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.57%. Range Resources’s dividend payout ratio is currently 13.79%.
In other news, Director Steffen E. Palko bought 34,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were purchased at an average price 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 in the company, valued at $901,850.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of RRC. MHI Funds LLC purchased a new stake in Range Resources in the 4th quarter worth approximately $122,000. Jolley Asset Management LLC purchased a new stake in Range Resources in the 4th quarter worth approximately $125,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Range Resources in the 4th quarter worth approximately $192,000. Koch Industries Inc. purchased a new stake in Range Resources in the 4th quarter worth approximately $187,000. Finally, FDx Advisors Inc. purchased a new stake in Range Resources in the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.
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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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