Range Resources (RRC) Projected to Post Earnings on Tuesday

Range Resources (NYSE:RRC) is projected to post 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 wish to register for the company’s earnings conference call can do so using this link.

Range Resources Stock Down 3.0 %

Shares of Range Resources stock opened at $38.47 on Monday. The firm has a market cap of $9.28 billion, a P/E ratio of 19.43, a P/E/G ratio of 5.11 and a beta of 1.77. The business has a 50-day moving average price of $37.58 and a 200 day moving average price of $33.71. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is presently 16.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RRC shares. Barclays upped their target price on Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their target price on Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler upped their target price on Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Finally, Truist Financial boosted their price objective on Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.78.

About Range Resources

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.