News headlines about Range Resources (NYSE:RRC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Range Resources earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the oil and gas exploration company an impact score of 47.9015074779434 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Consensus Analysts Rating is Good For Investors? Range Resources Corporation (RRC) – Wall Street Morning (wallstreetmorning.com)
- $643.54 Million in Sales Expected for Range Resources Corporation (RRC) This Quarter – Newburgh Gazette (newburghgazette.com)
- Centre Asset Management Boosted Parker Hannifin (PH) Holding; Range Resources (RRC) Shorts Up By 9.82% – Economistan (economistan.com)
- Are These Just A Random Activities? Range Resources Corporation (RRC), AAnnaly Capital Management, Inc. (NLY) – Market Movers (financialqz.com)
- Range Resources Corporation (RRC) – Investors Alert on Unusual Volume Move – Wall Street Morning (wallstreetmorning.com)
Several equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Range Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Scotiabank reaffirmed a “buy” rating and issued a $30.00 target price on shares of Range Resources in a report on Monday, October 9th. BMO Capital Markets set a $30.00 price target on Range Resources and gave the company a “buy” rating in a report on Tuesday, November 14th. JPMorgan Chase & Co. cut Range Resources from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Monday, October 23rd. Finally, Zacks Investment Research cut Range Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.02.
Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million for the quarter, compared to analyst estimates of $543.16 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. analysts forecast that Range Resources will post 0.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Thursday, December 14th. Range Resources’s dividend payout ratio (DPR) is presently -38.09%.
In other Range Resources news, Director Anthony V. Dub sold 2,897 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total value of $46,525.82. Following the sale, the director now directly owns 96,000 shares of the company’s stock, valued at $1,541,760. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David P. Poole sold 30,920 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $16.36, for a total transaction of $505,851.20. Following the completion of the sale, the vice president now directly owns 17,647 shares in the company, valued at $288,704.92. The disclosure for this sale can be found here. Insiders have sold 44,574 shares of company stock worth $729,007 over the last three months. Corporate insiders own 0.42% of the company’s stock.
Range Resources Company Profile
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States.
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