Range Resources Corp. (NYSE:RRC) announced a quarterly dividend on Monday, December 2nd, StockRatingsNetwork.com reports. Investors of record on Monday, December 16th will be paid a dividend of 0.04 per share on Tuesday, December 31st. This represents a $0.16 annualized dividend and a dividend yield of 0.21%.
RRC has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Range Resources Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 11th. On a related note, analysts at Oppenheimer downgraded shares of Range Resources Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 11th. They now have a $100.00 price target on the stock. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources Corp. in a research note to investors on Monday, November 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $85.93.
Shares of Range Resources Corp. (NYSE:RRC) opened at 77.65 on Monday. Range Resources Corp. has a 1-year low of $61.03 and a 1-year high of $85.23. The stock’s 50-day moving average is $76.36 and its 200-day moving average is $77.16. The company has a market cap of $12.413 billion and a price-to-earnings ratio of 90.61.
Range Resources Corp. (NYSE:RRC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $433.00 million for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 47.4% on a year-over-year basis. Analysts expect that Range Resources Corp. will post $1.41 EPS for the current fiscal year.
Range Resources Corporation (NYSE:RRC) is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Southwestern regions of the United States.
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