Range Resources (RRC) Projected to Post Earnings on Tuesday

Range Resources (NYSE:RRC) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Range Resources to post earnings of $0.55 per share and revenue of $676.53 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Range Resources Stock Performance

Shares of Range Resources stock opened at $38.47 on Monday. Range Resources has a one year low of $27.29 and a one year high of $41.95. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 5.11 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day moving average price is $37.58 and its 200 day moving average price is $33.71.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.08 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. Range Resources’s dividend payout ratio is currently 16.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RRC shares. Truist Financial upped their price target on Range Resources from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Mizuho upped their price target on Range Resources from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Wolfe Research raised Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Friday, January 3rd. StockNews.com raised Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Finally, Scotiabank lowered Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research note on Friday, January 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Range Resources presently has a consensus rating of “Hold” and a consensus target price of $38.78.

Range Resources Company Profile

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.