Range Resources (RRC) Expected to Announce Earnings on Tuesday

by · The Cerbat Gem

Range Resources (NYSE:RRC – Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.88 per share and revenue of $793.50 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Range Resources (NYSE:RRC – Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $626.42 million during the quarter, compared to the consensus estimate of $676.53 million. During the same period in the prior year, the company earned $0.63 earnings per share. 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 Stock Up 0.1 %

RRC stock opened at $34.14 on Monday. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73. The company has a fifty day moving average price of $37.22 and a 200 day moving average price of $35.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. Range Resources has a 12 month low of $27.29 and a 12 month high of $41.95.

Range Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Range Resources’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 14th. Range Resources’s dividend payout ratio is presently 32.73%.

Analysts Set New Price Targets

RRC has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $42.00 price target on shares of Range Resources in a research report on Friday, April 11th. Wolfe Research upgraded Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Friday, January 3rd. Truist Financial lifted their price objective on shares of Range Resources from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, March 17th. Bank of America upgraded shares of Range Resources from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $45.00 in a research report on Monday, January 13th. Finally, UBS Group lowered their target price on shares of Range Resources from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Range Resources has a consensus rating of “Hold” and a consensus price target of $41.43.

Get Our Latest Research Report on RRC

About Range Resources

(Get Free Report)

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.

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