Range Resources (NYSE:RRC – Get Free Report) posted its earnings results on Tuesday. The oil and gas exploration company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.21, Briefing.com reports. Range Resources had a net margin of 25.82% and a return on equity of 15.87%. The company had revenue of $718.20 million during the quarter, compared to analysts’ expectations of $680.72 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. Range Resources’s revenue for the quarter was down 15.7% compared to the same quarter last year.
Range Resources Stock Up 1.3 %
Shares of Range Resources stock traded up $0.47 during trading hours on Tuesday, hitting $36.58. The company had a trading volume of 2,935,469 shares, compared to its average volume of 2,544,233. The company’s 50-day moving average is $33.18 and its two-hundred day moving average is $32.30. Range Resources has a twelve month low of $23.92 and a twelve month high of $37.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $8.86 billion, a P/E ratio of 10.35 and a beta of 1.83.
Range Resources Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, March 14th. Range Resources’s dividend payout ratio (DPR) is presently 9.04%.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on RRC
Range Resources Company Profile
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.
Read More
- Five stocks we like better than Range Resources
- 3 Healthcare Dividend Stocks to Buy
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Most active stocks: Dollar volume vs share volume
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Trading Stocks: RSI and Why it’s Useful
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.