About Range Resources (NYSE:RRC)
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. The company owns 4,554 net producing wells and approximately 945,000 acres under lease in the Appalachian region; 415 net producing wells and approximately 233,000 net acres under lease in the North Louisiana region; and 151 net producing wells and approximately 195,000 net acres under lease in the Nemaha Uplift of Northern Oklahoma. It markets and sells natural gas to utilities, marketing and midstream companies, and industrial users; petrochemical end users, NGL distributors, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation founded in 1975 and is headquartered in Fort Worth, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:RRC
CUSIP75281A10
Phone817-870-2601
Debt
Debt-to-Equity Ratio0.71%
Current Ratio0.57%
Quick Ratio0.54%
Price-To-Earnings
Trailing P/E Ratio11.04
Forward P/E Ratio12.67
P/E Growth0.55
Sales & Book Value
Annual Sales$2.61 billion
Price / Sales1.28
Cash Flow$3.3079 per share
Price / Cash4.06
Book Value$23.27 per share
Price / Book0.58
Profitability
EPS (Most Recent Fiscal Year)$0.58
Net Income$333.14 million
Net Margins12.76%
Return on Equity5.42%
Return on Assets2.64%
Miscellaneous
Employees773
Outstanding Shares248,540,000
Range Resources (NYSE:RRC) Frequently Asked Questions
What is Range Resources' stock symbol?
Range Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRC."
How often does Range Resources pay dividends? What is the dividend yield for Range Resources?
Range Resources announced a quarterly dividend on Thursday, March 1st. Investors of record on Friday, March 16th will be given a dividend of $0.02 per share on Friday, March 30th. This represents a $0.08 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, March 15th. View Range Resources' Dividend History.
How were Range Resources' earnings last quarter?
Range Resources (NYSE:RRC) released its quarterly earnings results on Tuesday, February, 27th. The oil and gas exploration company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The oil and gas exploration company had revenue of $679 million for the quarter, compared to analyst estimates of $659.71 million. Range Resources had a return on equity of 5.42% and a net margin of 12.76%. Range Resources's revenue for the quarter was up 167.9% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. View Range Resources' Earnings History.
When is Range Resources' next earnings date?
What price target have analysts set for RRC?
26 brokerages have issued 12-month price targets for Range Resources' shares. Their forecasts range from $12.00 to $30.00. On average, they anticipate Range Resources' stock price to reach $22.2857 in the next twelve months. View Analyst Ratings for Range Resources.
Are investors shorting Range Resources?
Range Resources saw a decrease in short interest during the month of April. As of April 13th, there was short interest totalling 54,996,135 shares, a decrease of 4.3% from the March 30th total of 57,466,368 shares. Based on an average daily trading volume, of 6,666,032 shares, the days-to-cover ratio is currently 8.3 days. Currently, 22.4% of the company's shares are sold short.
Who are some of Range Resources' key competitors?
Some companies that are related to Range Resources include EQT (EQT), Diamondback Energy (FANG), Encana (ECA), Cenovus Energy (CVE), Cabot Oil & Gas (COG), Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), Energen (EGN), WPX Energy (WPX), Antero Resources (AR), Newfield Exploration (NFX), Centennial Resource Dev (CDEV), Murphy Oil (MUR) and Crescent Point Energy (CPG).
Who are Range Resources' key executives?
Range Resources' management team includes the folowing people:
- Mr. Jeffrey L. Ventura, Chairman, Pres & CEO (Age 60)
- Mr. Roger S. Manny, Exec. VP & CFO (Age 60)
- Mr. David P. Poole, Sr. VP, Gen. Counsel & Corp. Sec. (Age 56)
- Ms. Dori A. Ginn, Sr. VP, Controller & Principal Accounting Officer (Age 60)
- Mr. Chad L. Stephens III, Sr. VP of Corp. Devel. (Age 62)
Has Range Resources been receiving favorable news coverage?
Media stories about RRC stock have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Range Resources earned a daily sentiment score of 0.12 on Accern's scale. They also assigned news articles about the oil and gas exploration company an impact score of 47.61 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
How do I buy shares of Range Resources?
Shares of RRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Range Resources' stock price today?
One share of RRC stock can currently be purchased for approximately $13.43.
How big of a company is Range Resources?
Range Resources has a market capitalization of $3.40 billion and generates $2.61 billion in revenue each year. The oil and gas exploration company earns $333.14 million in net income (profit) each year or $0.58 on an earnings per share basis. Range Resources employs 773 workers across the globe.
How can I contact Range Resources?
Range Resources' mailing address is 100 THROCKMORTON STREET STE. 1200, FORT WORTH TX, 76102. The oil and gas exploration company can be reached via phone at 817-870-2601 or via email at [email protected]
MarketBeat Community Rating for Range Resources (RRC)
MarketBeat's community ratings are surveys of what our community members think about Range Resources and other stocks. Vote "Outperform" if you believe RRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Range Resources (NYSE:RRC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
26 Wall Street analysts have issued ratings and price targets for Range Resources in the last 12 months. Their average twelve-month price target is $22.2857, suggesting that the stock has a possible upside of 65.94%. The high price target for RRC is $30.00 and the low price target for RRC is $12.00. There are currently 3 sell ratings, 12 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Buy |
| Consensus Rating Score: | 2.31 | 2.42 | 2.58 | 2.72 |
| Ratings Breakdown: | 3 Sell Rating(s)
12 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
9 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
7 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
19 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $22.2857 | $23.1818 | $29.4565 | $33.6591 |
| Price Target Upside: | 65.94% upside | 53.32% upside | 92.40% upside | 86.17% upside |
Range Resources (NYSE:RRC) Consensus Price Target History
Range Resources (NYSE:RRC) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Range Resources (NYSE:RRC) Dividend Information
Range Resources pays an annual dividend of $0.08 per share, with a dividend yield of 0.60%. RRC's most recent quarterly dividend payment was Friday, March 30. Range Resources pays out 13.79% of its earnings out as a dividend.
| Most Recent Dividend: | 3/30/2018 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 0.60% |
| Dividend Growth: | -12.60% (3 Year Average) |
| Payout Ratio: | 13.79% (Trailing 12 Months of Earnings)
7.55% (Based on This Year's Estimates)
7.41% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Range Resources (NYSE:RRC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/1/2018 | quarterly | $0.02 | 0.55% | 3/15/2018 | 3/16/2018 | 3/30/2018 |
| 12/1/2017 | quarterly | $0.02 | 0.45% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 9/1/2017 | quarterly | $0.02 | 0.45% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 6/1/2017 | quarterly | $0.02 | 0.36% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 3/1/2017 | quarterly | $0.02 | 0.29% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 12/1/2016 | quarterly | $0.02 | 0.22% | 12/14/2016 | 12/16/2016 | 12/30/2016 |
| 9/2/2016 | quarterly | $0.02 | 0.2% | 9/14/2016 | 9/16/2016 | 9/30/2016 |
| 6/1/2016 | quarterly | $0.02 | 0.19% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/25/2016 | quarterly | $0.02 | 0.34% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 12/2/2015 | quarterly | $0.04 | 0.55% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 9/1/2015 | quarterly | $0.04 | 0.42% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 6/1/2015 | quarterly | $0.04 | 0.29% | 6/12/2015 | 6/16/2015 | 6/30/2015 |
| 3/2/2015 | quarterly | $0.04 | 0.32% | 3/12/2015 | 3/16/2015 | 3/31/2015 |
| 12/1/2014 | quarterly | $0.04 | 0.25% | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 8/29/2014 | quarterly | $0.04 | 0.21% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 6/2/2014 | quarterly | $0.04 | 0.17% | 6/12/2014 | 6/16/2014 | 6/30/2014 |
| 2/28/2014 | quarterly | $0.04 | 0.19% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 12/2/2013 | quarterly | $0.04 | 0.21% | 12/12/2013 | 12/16/2013 | 12/31/2013 |
| 9/3/2013 | quarterly | $0.04 | 0.21% | 9/12/2013 | 9/16/2013 | 9/30/2013 |
| 5/31/2013 | quarterly | $0.04 | 0.21% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 3/1/2013 | quarterly | $0.04 | 0.21% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Range Resources (NYSE RRC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 97.95%
Range Resources (NYSE RRC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/30/2018 | Steffen E Palko | Director | Buy | 34,000 | $14.72 | $500,480.00 | 61,267 |  |
| 12/14/2017 | Anthony V Dub | Director | Sell | 2,897 | $16.06 | $46,525.82 | 96,000 | |
| 12/12/2017 | David P Poole | VP | Sell | 30,920 | $16.36 | $505,851.20 | 17,647 | |
| 12/12/2017 | Roger S Manny | CFO | Sell | 10,757 | $16.42 | $176,629.94 | 143,703 | |
| 8/10/2017 | Steffen E Palko | Director | Buy | 15,000 | $16.81 | $252,150.00 | 27,267 | |
| 8/4/2017 | Mary Ralph Lowe | Director | Buy | 10,000 | $17.99 | $179,900.00 | 25,413 | |
| 8/3/2017 | Greg G Maxwell | Director | Buy | 1,000 | $17.75 | $17,750.00 | 22,207 | |
| 6/14/2017 | James M Funk | Director | Buy | 4,000 | $22.96 | $91,840.00 | 11,303 | |
| 6/9/2017 | Alan W Farquharson | Insider | Sell | 577 | $23.17 | $13,369.09 | 27,675 | |
| 6/9/2017 | Ray N Walker Jr | COO | Sell | 7,200 | $23.17 | $166,824.00 | 63,861 | |
| 5/31/2017 | Chad L Stephens | Insider | Sell | 28,744 | $23.05 | $662,549.20 | 106,692 | |
| 3/17/2017 | Christopher A Helms | Director | Buy | 4,000 | $27.46 | $109,840.00 | 15,931 | |
| 9/27/2016 | Gregory Gene Maxwell | Director | Buy | 1,000 | $37.00 | $37,000.00 | 12,211 | |
| 9/19/2016 | Ray N Walker Jr | COO | Sell | 13,350 | $37.53 | $501,025.50 | 42,598 | |
| 6/21/2016 | Anthony V Dub | Director | Sell | 5,106 | $45.57 | $232,680.42 | 98,897 | |
| 5/26/2016 | Anthony V Dub | Director | Sell | 5,000 | $41.61 | $208,050.00 | 101,897 | |
| 5/25/2016 | Chad L Stephens | VP | Sell | 30,562 | $43.00 | $1,314,166.00 | 100,846 | |
| 5/25/2016 | Ray N Walker Jr | COO | Sell | 25,090 | $43.00 | $1,078,870.00 | 21,751 | |
| 5/25/2016 | Roger S Manny | CFO | Sell | 2,934 | $43.00 | $126,162.00 | 122,912 | |
| 3/11/2016 | Jeffrey L Ventura | CEO | Sell | 7,044 | $31.11 | $219,138.84 | 294,151 | |
| 1/8/2016 | Jeffrey L Ventura | CEO | Sell | 4,398 | $25.75 | $113,248.50 | 294,151 | |
| 1/8/2016 | Ray N Walker Jr | COO | Sell | 2,500 | $25.75 | $64,375.00 | 21,751 | |
| 1/8/2016 | Roger S Manny | CFO | Sell | 633 | $25.75 | $16,299.75 | 122,912 | |
| 12/15/2015 | John H. Pinkerton | Director | Sell | 266,235 | $21.65 | $5,763,987.75 | 390,343 | |
| 12/14/2015 | John H. Pinkerton | Director | Sell | 100,000 | $21.81 | $2,181,000.00 | 390,343 | |
| 12/8/2015 | John H. Pinkerton | Director | Sell | 64,288 | $26.00 | $1,671,488.00 | 770,866 | |
| 12/7/2015 | John H. Pinkerton | Director | Sell | 36,998 | $26.51 | $980,816.98 | 770,866 | |
| 11/5/2015 | John H. Pinkerton | Director | Sell | 50,000 | $35.50 | $1,775,000.00 | 807,864 | |
| 10/29/2015 | John H Pinkerton | Director | Sell | 50,000 | $30.07 | $1,503,500.00 | 857,864 | |
| 8/26/2015 | Jeffrey L Ventura | CEO | Sell | 8,001 | $34.81 | $278,514.81 | 260,751 | |
| 5/26/2015 | Ray N Walker Jr | COO | Sell | 19,598 | $57.04 | $1,117,869.92 | | |
| 4/16/2015 | Chad L Stephens | VP | Sell | 5,611 | $59.82 | $335,650.02 | | |
| 4/16/2015 | Jonathan S Linker | Director | Sell | 1,684 | $60.21 | $101,393.64 | | |
| 4/8/2015 | Jeffrey L Ventura | CEO | Sell | 14,175 | $55.92 | $792,666.00 | | |
| 4/8/2015 | Rodney L Waller | VP | Sell | 3,141 | $55.50 | $174,325.50 | | |
| 4/7/2015 | John H Pinkerton | Director | Sell | 20,545 | $56.26 | $1,155,861.70 | | |
| 3/30/2015 | John H Pinkerton | Director | Sell | 100,000 | $51.65 | $5,165,000.00 | | |
| 2/4/2015 | John H Pinkerton | Director | Sell | 100,000 | $49.96 | $4,996,000.00 | | |
| 2/2/2015 | Ray N Walker Jr | COO | Sell | 6,500 | $46.91 | $304,915.00 | | |
| 1/20/2015 | Alan W Farquharson | VP | Sell | 9,922 | $48.33 | $479,530.26 | | |
| 1/20/2015 | Jeffrey L Ventura | CEO | Sell | 8,920 | $48.33 | $431,103.60 | | |
| 1/20/2015 | Ray N Walker Jr | COO | Sell | 2,480 | $48.33 | $119,858.40 | | |
| 11/20/2014 | Roger S Manny | CFO | Sell | 3,689 | $73.78 | $272,174.42 | | |
| 9/5/2014 | Ray N Walker Jr | COO | Sell | 4,000 | $74.55 | $298,200.00 | | |
| 6/17/2014 | David P Poole | VP | Sell | 13,864 | $87.95 | $1,219,338.80 | | |
| 6/17/2014 | Ray N Walker Jr | COO | Sell | 17,322 | $86.92 | $1,505,628.24 | | |
| 5/6/2014 | Chad Stephens | VP | Sell | 12,806 | $90.39 | $1,157,534.34 | 108,421 | |
| 3/17/2014 | James Funk | Director | Sell | 1,577 | $86.93 | $137,088.61 | 2,698 | |
| 1/30/2014 | Chad Stephens | VP | Sell | 13,489 | $85.99 | $1,159,919.11 | 108,421 | |
| 1/30/2014 | Ray Walker, Jr. | COO | Sell | 2,568 | $85.56 | $219,718.08 | 7,928 | |
| 1/15/2014 | Anthony Dub | Director | Sell | 9,938 | $82.87 | $823,562.06 | 97,000 | |
| 1/15/2014 | Ray Walker, Jr. | COO | Sell | 2,700 | $83.69 | $225,963.00 | 7,928 | |
| 1/8/2014 | James Funk | Director | Sell | 1,952 | $81.84 | $159,751.68 | 2,698 | |
| 1/2/2014 | Allen Finkelson | Director | Sell | 3,516 | $83.21 | $292,566.36 | 75,000 | |
| 12/27/2013 | Jonathan Linker | Director | Sell | 3,460 | $83.30 | $288,218.00 | 27,526 | |
| 12/12/2013 | Anthony Dub | Director | Sell | 3,000 | $80.78 | $242,340.00 | 102,219 | |
| 12/10/2013 | Rodney Waller | VP | Sell | 8,704 | $81.57 | $709,985.28 | 15,401 | |
| 10/15/2013 | David P Poole | VP | Sell | 12,300 | $79.09 | $972,807.00 | | |
| 9/11/2013 | Chad L Stephens | VP | Sell | 10,000 | $78.57 | $785,700.00 | | |
| 8/15/2013 | Jeffrey Ventura | CEO | Sell | 21,401 | $76.95 | $1,646,806.95 | 193,895 | |
| 8/5/2013 | David P Poole | VP | Sell | 1,306 | $81.56 | $106,517.36 | | |
| 8/5/2013 | Roger S Manny | CFO | Sell | 11,680 | $81.53 | $952,270.40 | | |
| 6/26/2013 | Ray N Walker Jr | COO | Sell | 2,306 | $78.86 | $181,851.16 | | |
| 6/18/2013 | David P Poole | VP | Sell | 8,699 | $79.95 | $695,485.05 | | |
| 5/22/2013 | Alan W Farquharson | VP | Sell | 30,000 | $77.10 | $2,313,000.00 | | |
| 5/21/2013 | Ray N Walker Jr | COO | Sell | 5,752 | $78.13 | $449,403.76 | | |
| 3/12/2013 | Alan W Farquharson | VP | Sell | 5,883 | $79.15 | $465,639.45 | | |
| 3/11/2013 | Chad L Stephens | VP | Sell | 10,000 | $79.28 | $792,800.00 | | |
(Data available from 1/1/2013 forward)
Range Resources (NYSE RRC) News Headlines
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Range Resources (NYSE:RRC) SEC Filings
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Range Resources (NYSE:RRC) Income Statement, Balance Sheet and Cash Flow Statement
Range Resources (NYSE RRC) Stock Chart for Wednesday, April, 25, 2018
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