Range Resources Corporation (RRC) Expected to Announce Quarterly Sales of $525.72 Million

Brokerages expect Range Resources Corporation (NYSE:RRC) to announce $525.72 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Range Resources Corporation’s earnings, with estimates ranging from $475.90 million to $601.66 million. Range Resources Corporation posted sales of $413.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 27.2%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Range Resources Corporation will report full year sales of $525.72 million for the current financial year, with estimates ranging from $2.16 billion to $2.63 billion. For the next financial year, analysts expect that the firm will post sales of $2.72 billion per share, with estimates ranging from $2.60 billion to $2.86 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Range Resources Corporation.

Range Resources Corporation (NYSE:RRC) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.20. The business had revenue of $565.00 million for the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a return on equity of 0.67% and a net margin of 1.75%. The business’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.35) earnings per share.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada set a $44.00 price target on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, June 3rd. Scotiabank set a $35.00 price target on shares of Range Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Robert W. Baird reduced their price target on shares of Range Resources Corporation from $29.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. BidaskClub raised shares of Range Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, ValuEngine cut shares of Range Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $36.73.

Shares of Range Resources Corporation (NYSE RRC) traded down 2.39% during trading on Monday, hitting $18.80. The stock had a trading volume of 5,132,304 shares. The stock’s 50 day moving average price is $17.82 and its 200-day moving average price is $23.24. Range Resources Corporation has a one year low of $16.00 and a one year high of $40.20. The stock has a market cap of $4.59 billion, a P/E ratio of 127.03 and a beta of 0.94.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, September 14th. Range Resources Corporation’s payout ratio is 100.01%.

ILLEGAL ACTIVITY WARNING: “Range Resources Corporation (RRC) Expected to Announce Quarterly Sales of $525.72 Million” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.tickerreport.com/banking-finance/2908315/range-resources-corporation-rrc-expected-to-announce-quarterly-sales-of-525-72-million.html.

In related news, Director Mary Ralph Lowe purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of $17.99 per share, with a total value of $179,900.00. Following the completion of the transaction, the director now owns 25,413 shares of the company’s stock, valued at approximately $457,179.87. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steffen E. Palko purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $16.81 per share, with a total value of $252,150.00. Following the transaction, the director now directly owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The disclosure for this purchase can be found here. Insiders have purchased 26,000 shares of company stock worth $449,800 in the last three months. Insiders own 2.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Range Resources Corporation by 2,153.9% in the first quarter. BlackRock Inc. now owns 13,133,750 shares of the oil and gas exploration company’s stock worth $382,193,000 after acquiring an additional 12,551,039 shares in the last quarter. State Street Corp increased its position in shares of Range Resources Corporation by 15.0% in the second quarter. State Street Corp now owns 13,856,976 shares of the oil and gas exploration company’s stock worth $321,059,000 after acquiring an additional 1,805,404 shares in the last quarter. UBS Oconnor LLC increased its position in shares of Range Resources Corporation by 246.9% in the second quarter. UBS Oconnor LLC now owns 2,273,650 shares of the oil and gas exploration company’s stock worth $52,680,000 after acquiring an additional 1,618,250 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Range Resources Corporation by 1,318.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,501,921 shares of the oil and gas exploration company’s stock worth $34,800,000 after acquiring an additional 1,395,999 shares in the last quarter. Finally, Stelliam Investment Management LP increased its position in shares of Range Resources Corporation by 21.9% in the first quarter. Stelliam Investment Management LP now owns 5,722,500 shares of the oil and gas exploration company’s stock worth $166,525,000 after acquiring an additional 1,027,500 shares in the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.

About Range Resources Corporation

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.

Get a free copy of the Zacks research report on Range Resources Corporation (RRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Range Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.