Capital One Financial Equities Analysts Lift Earnings Estimates for Range Resources Corp. (RRC)

Range Resources Corp. (NYSE:RRC) – Analysts at Capital One Financial increased their FY2018 EPS estimates for shares of Range Resources in a report issued on Monday, January 7th. Capital One Financial analyst B. Velie now anticipates that the oil and gas exploration company will post earnings of $1.05 per share for the year, up from their previous estimate of $1.04. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Range Resources’ Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.92 EPS.

Other research analysts have also recently issued research reports about the company. Guggenheim reiterated a “buy” rating and issued a $22.00 target price on shares of Range Resources in a report on Wednesday, October 24th. Piper Jaffray Companies set a $29.00 target price on Range Resources and gave the company a “buy” rating in a report on Tuesday, October 23rd. B. Riley lifted their target price on Range Resources from $22.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, October 18th. Royal Bank of Canada set a $21.00 target price on Range Resources and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, TD Securities upgraded Range Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $19.00 to $15.00 in a report on Monday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. Range Resources presently has a consensus rating of “Hold” and an average target price of $20.21.

Shares of Range Resources stock opened at $11.44 on Thursday. Range Resources has a twelve month low of $9.22 and a twelve month high of $18.59. The firm has a market capitalization of $2.67 billion, a P/E ratio of 19.72, a PEG ratio of 0.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.56.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. The business had revenue of $811.20 million during the quarter, compared to the consensus estimate of $747.06 million. Range Resources had a return on equity of 4.85% and a net margin of 8.28%. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, December 13th. Range Resources’s dividend payout ratio is presently 13.79%.

Institutional investors and hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its stake in shares of Range Resources by 265.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,660 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 4,840 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Range Resources by 94.9% during the third quarter. Penserra Capital Management LLC now owns 9,860 shares of the oil and gas exploration company’s stock worth $166,000 after purchasing an additional 4,800 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Range Resources during the third quarter worth about $195,000. Palo Capital Inc. acquired a new position in shares of Range Resources during the third quarter worth about $198,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Range Resources by 47.0% during the third quarter. Nisa Investment Advisors LLC now owns 11,730 shares of the oil and gas exploration company’s stock worth $199,000 after purchasing an additional 3,750 shares in the last quarter.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.

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

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