Range Resources (RRC) to Release Earnings on Tuesday

Range Resources (NYSE:RRC - Get Free Report) is expected to post its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.88 per share and revenue of $793.50 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.13. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The company had revenue of $626.42 million for the quarter, compared to the consensus estimate of $676.53 million. During the same quarter last year, the firm posted $0.63 earnings per share. On average, analysts expect Range Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Range Resources Stock Performance

RRC traded up $0.04 during trading on Friday, hitting $34.14. The company's stock had a trading volume of 3,726,095 shares, compared to its average volume of 2,439,120. The business's 50 day simple moving average is $37.33 and its 200-day simple moving average is $35.64. The firm has a market cap of $8.24 billion, a PE ratio of 17.24, a P/E/G ratio of 5.11 and a beta of 1.73. Range Resources has a one year low of $27.29 and a one year high of $41.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This is an increase from Range Resources's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.05%. Range Resources's payout ratio is 32.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RRC shares. Stephens set a $51.00 price objective on Range Resources and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Citigroup downgraded shares of Range Resources from a "neutral" rating to a "reduce" rating in a research report on Wednesday, March 5th. Williams Trading set a $40.00 price target on Range Resources in a research note on Wednesday, March 5th. StockNews.com cut Range Resources from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Piper Sandler boosted their price target on Range Resources from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.43.

About Range Resources

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.