Range Resources Corporation Company Profile (NYSE:RRC)

Range Resources Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRC."

Range Resources Corporation declared a quarterly dividend on Friday, September 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.02 per share on Friday, September 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, September 14th. View Range Resources Corporation's Dividend History.

Range Resources Corporation (NYSE:RRC) announced its quarterly earnings results on Tuesday, August, 1st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.20. The firm earned $565 million during the quarter, compared to the consensus estimate of $544.08 million. Range Resources Corporation had a net margin of 1.75% and a return on equity of 0.67%. The firm's revenue for the quarter was up 55.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.35) earnings per share. View Range Resources Corporation's Earnings History.

Range Resources Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Range Resources Corporation.

26 brokerages have issued 12-month price objectives for Range Resources Corporation's shares. Their forecasts range from $18.00 to $58.00. On average, they anticipate Range Resources Corporation's share price to reach $37.33 in the next twelve months. View Analyst Ratings for Range Resources Corporation.

Here are some recent quotes from research analysts about Range Resources Corporation stock:

• 1. According to Zacks Investment Research, "Range Resources has extensive oil and gas resources in the key regions like Marcellus and North Louisiana. It is to be noted that Range Resources’ total proved reserves for 2016 was recorded at 12,072 Bcfe, much higher than the previous two years. Most importantly, more than 65% of proved reserves recorded during 2016 was natural gas. Given the significant growth in proved reserves, we can expect considerable improvement in the company’s natural gas production. However, the company’s share price movement over the last three months is disappointing. Range Resources’ dividend yield is also lower than that of the broader industry." (9/19/2017)
• 2. KLR Group analysts commented, "We are increasing our RRC target price $1 to $60 per share due to slightly higher oil/gas price realizations. Our '17 production growth expectation of ~34% is at the midpoint of company guidance (33%-35%)." (2/24/2017)
• 3. 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)

Range Resources Corporation saw a increase in short interest in August. As of August 31st, there was short interest totalling 33,810,932 shares, an increase of 21.4% from the August 15th total of 27,856,093 shares. Based on an average daily trading volume, of 6,342,658 shares, the short-interest ratio is currently 5.3 days. Approximately 13.8% of the shares of the company are short sold.

Some companies that are related to Range Resources Corporation include EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen Corporation (EGN), Vermilion Energy (VET), Murphy Oil Corporation (MUR), WPX Energy (WPX), Chesapeake Energy Corporation (CHK), Black Stone Minerals, L.P. (BSM), Texas Pacific Land Trust (TPL), Laredo Petroleum (LPI), Kosmos Energy (KOS), Southwestern Energy Company (SWN), Transportadora De Gas Sa Ord B (TGS) and PDC Energy (PDCE).

Range Resources Corporation's management team includes the folowing people:

• Jeffrey L. Ventura, Chairman of the Board, President, Chief Executive Officer
• Roger S. Manny, Chief Financial Officer, Executive Vice President
• Ray N. Walker Jr., Chief Operating Officer, Executive Vice President
• Dori A. Ginn, Senior Vice President, Principal Accounting Officer, Controller
• David P. Poole, Senior Vice President, General Counsel, Corporate Secretary
• John K. Applegath, Senior Vice President – North Louisiana Division
• Alan W. Farquharson, Senior Vice President - Reservoir Engineering & Economics
• Chad L. Stephens III, Senior Vice President - Corporate Development
• James M. Funk Ph.D., Lead Independent Director
• Brenda A. Cline CPA, Independent Director

Range Resources Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.51%), Sanders Capital LLC (6.09%), BlackRock Inc. (5.75%), State Street Corp (5.68%), Capital Research Global Investors (3.49%) and Thompson Siegel & Walmsley LLC (1.78%). Company insiders that own Range Resources Corporation stock include Alan W Farquharson, Anthony V Dub, Chad L Stephens, Christopher A Helms, Greg G Maxwell, Gregory Gene Maxwell, James M Funk, Jeffrey L Ventura, John H Pinkerton, Mary Ralph Lowe, Ray N Walker Jr, Roger S Manny and Steffen E Palko. View Institutional Ownership Trends for Range Resources Corporation.

Range Resources Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Lord Abbett & CO. LLC, TimesSquare Capital Management LLC, Capital Research Global Investors, Eaton Vance Management, American Century Companies Inc., BlueCrest Capital Management Ltd and Thrivent Financial For Lutherans. Company insiders that have sold Range Resources Corporation stock in the last year include Alan W Farquharson, Chad L Stephens and Ray N Walker Jr. View Insider Buying and Selling for Range Resources Corporation.

Range Resources Corporation's stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, UBS Oconnor LLC, Canada Pension Plan Investment Board, Vanguard Group Inc., Dimensional Fund Advisors LP, Sanders Capital LLC, Caymus Capital Partners L.P. and BlackRock Inc.. Company insiders that have bought Range Resources Corporation stock in the last two years include Christopher A Helms, Greg G Maxwell, Gregory Gene Maxwell, James M Funk, Mary Ralph Lowe and Steffen E Palko. View Insider Buying and Selling for Range Resources Corporation.

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.

One share of Range Resources Corporation stock can currently be purchased for approximately $19.26.