Range Resources (NYSE:RRC – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Range Resources (NYSE:RRC – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $871.99 million. Range Resources had a net margin of 14.05% and a return on equity of 31.21%. The firm’s revenue for the quarter was up 161.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, analysts expect Range Resources to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE:RRC opened at $33.96 on Tuesday. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 0.28 and a beta of 2.12. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50-day moving average is $26.76 and its 200-day moving average is $22.98. Range Resources has a 1 year low of $8.47 and a 1 year high of $34.61.
In other news, SVP Dori Ginn sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $32.60, for a total value of $326,000.00. Following the completion of the transaction, the senior vice president now directly owns 75,098 shares of the company’s stock, valued at $2,448,194.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of Range Resources by 87.4% in the second quarter. Morgan Stanley now owns 1,754,998 shares of the oil and gas exploration company’s stock valued at $29,414,000 after acquiring an additional 818,687 shares in the last quarter. Sei Investments Co. grew its holdings in Range Resources by 0.6% during the fourth quarter. Sei Investments Co. now owns 404,545 shares of the oil and gas exploration company’s stock valued at $7,213,000 after purchasing an additional 2,278 shares during the period. California State Teachers Retirement System grew its holdings in Range Resources by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 339,107 shares of the oil and gas exploration company’s stock valued at $6,046,000 after purchasing an additional 8,071 shares during the period. Wells Fargo & Company MN grew its holdings in Range Resources by 10.1% during the fourth quarter. Wells Fargo & Company MN now owns 240,586 shares of the oil and gas exploration company’s stock valued at $4,291,000 after purchasing an additional 22,159 shares during the period. Finally, Deutsche Bank AG grew its holdings in Range Resources by 8.5% during the fourth quarter. Deutsche Bank AG now owns 238,644 shares of the oil and gas exploration company’s stock valued at $4,255,000 after purchasing an additional 18,637 shares during the period. 91.40% of the stock is owned by institutional investors.
RRC has been the topic of a number of recent analyst reports. TheStreet raised Range Resources from a “c-” rating to a “b-” rating in a research note on Friday, March 4th. Susquehanna boosted their price objective on Range Resources from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, February 24th. JPMorgan Chase & Co. boosted their price objective on Range Resources from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, February 24th. Truist Financial boosted their price objective on Range Resources from $26.00 to $33.00 in a research note on Thursday, April 7th. Finally, Morgan Stanley dropped their price target on Range Resources from $26.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.00.
Range Resources Company Profile (Get Rating)
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.
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