Range Resources (RRC) to Release Quarterly Earnings on Tuesday

Range Resources (NYSE:RRC) is scheduled to announce its earnings results after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, April 23rd. The oil and gas exploration company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.21. Range Resources had a return on equity of 13.30% and a net margin of 17.00%. The firm had revenue of $718.20 million for the quarter, compared to analysts’ expectations of $680.72 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year. On average, analysts expect Range Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Range Resources Trading Up 0.2 %

Shares of RRC stock opened at $32.82 on Monday. Range Resources has a 12-month low of $27.60 and a 12-month high of $39.33. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $35.30 and its 200-day moving average price is $33.55. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 16.66 and a beta of 1.87.

Range Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, June 14th. This represents a $0.32 annualized dividend and a yield of 0.98%. Range Resources’s payout ratio is currently 16.24%.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 1,460 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $38.68, for a total transaction of $56,472.80. Following the completion of the sale, the director now owns 15,253 shares in the company, valued at $589,986.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Ashley Kavanaugh sold 15,978 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $37.75, for a total transaction of $603,169.50. Following the completion of the sale, the vice president now owns 22,370 shares in the company, valued at approximately $844,467.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Reginal Spiller sold 1,460 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $38.68, for a total value of $56,472.80. Following the sale, the director now owns 15,253 shares of the company’s stock, valued at approximately $589,986.04. The disclosure for this sale can be found here. Insiders sold a total of 197,107 shares of company stock worth $7,379,095 over the last 90 days. Company insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

RRC has been the topic of several analyst reports. Jefferies Financial Group boosted their price objective on Range Resources from $34.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, July 8th. Mizuho boosted their price objective on Range Resources from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Scotiabank cut Range Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $40.00 to $45.00 in a research note on Thursday, April 11th. Truist Financial cut their target price on Range Resources from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Finally, Royal Bank of Canada cut Range Resources from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $36.00 to $39.00 in a research note on Friday, April 26th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.15.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.