Range Resources Corp. (NYSE:RRC) – Research analysts at Seaport Global Securities lifted their Q1 2018 earnings per share (EPS) estimates for shares of Range Resources in a research report issued to clients and investors on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.23. Seaport Global Securities has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for Range Resources’ Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $1.03 EPS.
Range Resources (NYSE:RRC) last released its earnings results on Tuesday, February 27th. The oil and gas exploration company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The company had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $659.71 million. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. The business’s revenue for the quarter was up 167.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS.
Shares of Range Resources stock opened at $13.97 on Friday. The stock has a market cap of $3,424.87, a PE ratio of 24.09, a PEG ratio of 0.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.57 and a quick ratio of 0.54. Range Resources has a 52-week low of $11.93 and a 52-week high of $30.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.57%. Range Resources’s dividend payout ratio (DPR) is presently 13.79%.
In other Range Resources news, Director Steffen E. Palko purchased 34,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was bought at an average cost of $14.72 per share, for a total transaction of $500,480.00. Following the completion of the acquisition, the director now directly owns 61,267 shares in the company, valued at $901,850.24. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. SailingStone Capital Partners LLC lifted its holdings in shares of Range Resources by 7.9% during the fourth quarter. SailingStone Capital Partners LLC now owns 35,832,571 shares of the oil and gas exploration company’s stock worth $611,304,000 after buying an additional 2,623,957 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Range Resources by 4.5% during the fourth quarter. BlackRock Inc. now owns 15,543,438 shares of the oil and gas exploration company’s stock worth $265,170,000 after buying an additional 673,151 shares during the last quarter. WS Management Lllp lifted its holdings in shares of Range Resources by 13.0% during the fourth quarter. WS Management Lllp now owns 3,762,152 shares of the oil and gas exploration company’s stock worth $64,182,000 after buying an additional 431,852 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Range Resources by 55.2% during the fourth quarter. Guggenheim Capital LLC now owns 3,579,421 shares of the oil and gas exploration company’s stock worth $61,063,000 after buying an additional 1,272,442 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Range Resources by 2,708.2% during the fourth quarter. Mackenzie Financial Corp now owns 3,057,252 shares of the oil and gas exploration company’s stock worth $52,157,000 after buying an additional 2,948,384 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.
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About Range Resources
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.
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