Range Resources Corporation (RRC) To Go Ex-Dividend on September 11th

Range Resources Corporation (NYSE:RRC) declared a quarterly dividend on Friday, August 28th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.10 per share by the oil and gas exploration company on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 11th.

Range Resources has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Range Resources to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.0%.

Range Resources Trading Down 0.1%

RRC stock opened at $41.96 on Wednesday. Range Resources has a 52-week low of $32.68 and a 52-week high of $48.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18. The firm has a market cap of $9.81 billion, a P/E ratio of 11.59 and a beta of 0.43. The company’s 50-day simple moving average is $39.31 and its 200-day simple moving average is $40.54.

Range Resources (NYSE:RRC) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.13. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The firm had revenue of $759.58 million during the quarter, compared to analyst estimates of $744.78 million. During the same quarter in the previous year, the business earned $0.66 EPS. Range Resources’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Range Resources will post 3.62 EPS for the current fiscal year.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.