Range Resources (RRC) Projected to Post Quarterly Earnings on Tuesday

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

Range Resources Trading Down 3.0 %

Shares of NYSE RRC opened at $38.47 on Friday. The stock has a market capitalization of $9.28 billion, a P/E ratio of 19.43, a PEG ratio of 5.11 and a beta of 1.77. The stock’s 50 day moving average price is $37.58 and its two-hundred day moving average price is $33.68. Range Resources has a 52-week low of $27.29 and a 52-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%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho increased their price objective on Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. StockNews.com raised Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price target on Range Resources from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $40.00 price target on shares of Range Resources in a research note on Tuesday, January 14th. Finally, Piper Sandler increased their price target on Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Range Resources has an average rating of “Hold” and an average target price 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.