About Range Resources Corporation
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States. The Company's natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. Its reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. Its other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Exchange: NYSE
- Symbol: RRC
- CUSIP: 75281A10
- Previous Close: $31.24
- 50 Day Moving Average: $33.76
- 200 Day Moving Average: $36.67
- 52-Week Range: $243,812,000.00 - $21.69
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 53.00
- P/E Growth: -44.93
- Market Cap: $7.62B
- Outstanding Shares: 243,812,000
- Beta: 1.12
- Net Margins: -54.13%
- Return on Equity: -13.00%
- Return on Assets: -5.54%
Companies Related to Range Resources Corporation:
- Debt-to-Equity Ratio: 0.70%
- Current Ratio: 0.82%
- Quick Ratio: 0.74%
What is Range Resources Corporation's stock symbol?
Range Resources Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRC."
How often does Range Resources Corporation pay dividends? What is the dividend yield for Range Resources Corporation?
Range Resources Corporation declared a quarterly dividend on Thursday, December 1st. Shareholders of record on Friday, December 16th will be given a dividend of $0.02 per share on Friday, December 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Wednesday, December 14th.
Where is Range Resources Corporation's stock going? Where will Range Resources Corporation's stock price be in 2017?
31 equities research analysts have issued 12 month target prices for Range Resources Corporation's shares. Their forecasts range from $27.00 to $58.00. On average, they anticipate Range Resources Corporation's stock price to reach $45.97 in the next year.
When will Range Resources Corporation announce their earnings?
Range Resources Corporation is scheduled to release their next quarterly earnings announcement on Thursday, February, 23rd 2017.
What are analysts saying about Range Resources Corporation stock?
Here are some recent quotes from research analysts about Range Resources Corporation stock:
According to Zacks Investment Research, "We believe Range Resources' large acreage will support several years of oil and gas drilling in the fast-growing fields. Moreover, the company completed the merger with Memorial Resource Development Corp. The transaction is expected to boost the company’s position as a premier independent natural gas, oil and NGL producer in the United States with remarkable core acreage positions in both the Appalachian Basin and Northern Louisiana. However, its stock failed to surpass the Zacks categorized Oil &Gas-U.S Exploration & Production industry over the last one year. The company’s exposure to persistently weak crude pricing environment is a major concern. Additionally, the expected increase in the company’s operating expenses might dent profit. Range Resources is also governed by several stringent regulations, especially in the Marcellus Shale, the Appalachian Basin and the southwestern U.S., where it has a large asset base" (1/5/2017)
Morgan Stanley analysts commented, "We see significant upside if gas and NGL prices rebound, balanced by greater balance sheet risk than peers if commodity prices remain weak in 2017," analyst Drew Venker wrote in a note. "We see relatively balanced risk-reward for Range net of the balance sheet improvement: the stock offers deep NAV upside, but downside is greater than many of its Appalachia peers due to its higher leverage and premium multiple," Venker continued. Resource Potential And RiskMeanwhile, the analyst noted that Memorial's Louisiana assets have large resource potential, but greater risk than the Marcellus as much of the acreage position is untested — versus the Marcellus, which has been extensively drilled and is fully delineated.After the Memorial deal, Venker expects Range's YE-2017 leverage to remain above peers on his strip price deck at 3.7x net debt to EBITDA vs. the Marcellus-Utica peers at 2.0x."If gas and NGL prices remain subdued next year, balance sheet concerns could quickly become investors' primary concern on RRC. However, in a higher price environment in 2017, any remaining leverage concerns will quickly dissipate," (9/20/2016)
Imperial Capital analysts commented, "brighter gas pricing outlook."The brokerage has also raised the price target by $10 to $55, implying an upside of 25 percent from the recent share price."We believe that the recent improvement in natural gas pricing is not a fleeting event. Because production is 67 percent natural gas, we believe it is well positioned to benefit from stronger pricing, even if differentials take quarters to further improve," analyst Kim Pacanovsky wrote in a note.The analyst noted that Range Resources has achieved low basis differentials in Appalachia and has strong well results in the Marcellus and some of the best dry Utica wells in the play."There are significantly greater factors supporting sustained strength in gas than supporting a return below $2.50/mmbtu, and obviously this bodes well for RRC. For every $0.10 increase in gas pricing, 2H16 EBITDA increases by $2.6 million (0.5 percent), and 2017 EBIDTA increases by $30 million (5 percent)," Pacanovsky continued. Related Link: Utilities Stocks Tend To "Sizzle" In The SummertimeIn addition, the company's $4.4 billion Memorial Resource Development merger "allows it to benefit from applying advances in horizontal drilling and completions to a relatively de-risked resource in early stage horizontal development." (7/14/2016)
Who owns Range Resources Corporation stock?
Range Resources Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include SailingStone Capital Partners LLC (7.27%), SailingStone Capital Partners LLC (6.83%), State Street Corp (4.83%), FMR LLC (2.63%), Stelliam Investment Management LP (1.93%) and Bessemer Group Inc. (1.34%). Company insiders that own Range Resources Corporation stock include Anthony V Dub, Chad L Stephens, Gregory Gene Maxwell, Jeffrey L Ventura, John H Pinkerton, Jonathan S Linker, Ray N Walker Jr, Rodney L Waller and Roger S Manny.
Who sold Range Resources Corporation stock? Who is selling Range Resources Corporation stock?
Range Resources Corporation's stock was sold by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Board of Trustees of The Leland Stanford Junior University, Dimensional Fund Advisors LP, Travelers Companies Inc., Aberdeen Asset Management PLC UK, Barrow Hanley Mewhinney & Strauss LLC, Mason Hill Advisors LLC and Weitz Investment Management Inc.. Company insiders that have sold Range Resources Corporation stock in the last year include Anthony V Dub, Chad L Stephens, Jeffrey L Ventura, Ray N Walker Jr and Roger S Manny.
Who bought Range Resources Corporation stock? Who is buying Range Resources Corporation stock?
Range Resources Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Stelliam Investment Management LP, FMR LLC, Bessemer Group Inc., Allianz Asset Management AG, Thompson Siegel & Walmsley LLC, State Street Corp and Raging Capital Management LLC.
How do I buy Range Resources Corporation stock?
Shares of Range Resources Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Range Resources Corporation stock cost?
One share of Range Resources Corporation stock can currently be purchased for approximately $31.27.