Range Resources Corporation (RRC) Expected to Post Q1 2019 Earnings of $0.25 Per Share

Range Resources Corporation (NYSE:RRC) – Research analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of Range Resources Corporation in a report issued on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas exploration company will earn $0.25 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for Range Resources Corporation’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.17 EPS and FY2019 earnings at $0.82 EPS.

Other research analysts have also issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price objective on shares of Range Resources Corporation in a report on Thursday, August 10th. Citigroup Inc. decreased their price objective on shares of Range Resources Corporation from $42.00 to $34.00 and set a “buy” rating for the company in a report on Friday, July 21st. Zacks Investment Research raised shares of Range Resources Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, July 17th. BMO Capital Markets set a $35.00 price objective on shares of Range Resources Corporation and gave the stock a “buy” rating in a report on Monday, June 26th. Finally, Scotiabank set a $35.00 price target on shares of Range Resources Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.89.

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Shares of Range Resources Corporation (NYSE:RRC) traded down 0.30% during trading on Wednesday, hitting $19.87. 3,197,102 shares of the company were exchanged. The stock has a market cap of $4.85 billion, a P/E ratio of 134.26 and a beta of 0.95. Range Resources Corporation has a 12 month low of $15.99 and a 12 month high of $39.92. The company’s 50-day moving average price is $18.81 and its 200 day moving average price is $22.36.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. Range Resources Corporation’s dividend payout ratio is currently 100.01%.

In other Range Resources Corporation news, Director Steffen E. Palko acquired 15,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $16.81 per share, with a total value of $252,150.00. Following the purchase, the director now directly owns 27,267 shares of the company’s stock, valued at approximately $458,358.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary Ralph Lowe acquired 10,000 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $179,900.00. Following the purchase, the director now directly owns 25,413 shares in the company, valued at $457,179.87. The disclosure for this purchase can be found here. Insiders bought a total of 26,000 shares of company stock worth $449,800 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Smithfield Trust Co. grew its stake in shares of Range Resources Corporation by 480.0% in the 2nd quarter. Smithfield Trust Co. now owns 4,640 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 3,840 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Range Resources Corporation by 26.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 990 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Range Resources Corporation by 886.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,001 shares of the oil and gas exploration company’s stock worth $145,000 after purchasing an additional 4,494 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. grew its stake in shares of Range Resources Corporation by 166.2% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 3,801 shares during the last quarter. Finally, Financial Architects Inc grew its stake in shares of Range Resources Corporation by 24.5% in the 2nd quarter. Financial Architects Inc now owns 6,100 shares of the oil and gas exploration company’s stock worth $141,000 after purchasing an additional 1,200 shares during the last quarter. 95.61% of the stock is currently owned by 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.

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

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