Range Resources (RRC) Announces Quarterly Dividend of $0.04

Range Resources (NYSE:RRC) declared a quarterly dividend on Friday, May 31st, StockRatingsNetwork reports. Investors of record on Friday, June 14th will be given a dividend of $0.04 per share on Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.21%.

A number of analysts have recently weighed in on RRC shares. Analysts at TheStreet reiterated a “hold” rating on shares of Range Resources in a research note to investors on Thursday, May 23rd. On the ratings front, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Range Resources in a research note to investors on Thursday, May 23rd. They now have a $75.00 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Range Resources in a research note to investors on Monday, May 20th. They now have a $90.00 price target on the stock.

Eleven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.93.

Shares of Range Resources (NYSE: RRC) opened at 76.22 on Friday. Range Resources has a 52 week low of $53.09 and a 52 week high of $83.15. The stock’s 50-day moving average is currently $75.76. The company’s market cap is $12.189 billion.

Range Resources (NYSE: RRC) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $398.24 million for the quarter, compared to the consensus estimate of $391.04 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts expect that Range Resources will post $1.51 EPS for the current fiscal year.

Range Resources Corporation (NYSE: RRC) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.

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