News headlines about Range Resources (NYSE:RRC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Range Resources earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 46.809174644985 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Range Resources Has Been Bottoming Since February (finance.yahoo.com)
- Range Resources (RRC) Rating Increased to Market Perform at Wolfe Research (americanbankingnews.com)
- Range Resources Corp. (RRC) Expected to Post Quarterly Sales of $678.72 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Range Resources Corp. (RRC) to Announce $0.11 EPS (americanbankingnews.com)
Range Resources opened at $16.73 on Friday, according to Marketbeat Ratings. The stock has a market capitalization of $4.23 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.60. Range Resources has a twelve month low of $11.93 and a twelve month high of $23.84. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 0.70.
Range Resources (NYSE:RRC) last posted its earnings results on Wednesday, April 25th. The oil and gas exploration company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.09. The business had revenue of $742.60 million for the quarter, compared to analysts’ expectations of $725.60 million. Range Resources had a net margin of 8.24% and a return on equity of 4.36%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. research analysts anticipate that Range Resources will post 0.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. Range Resources’s payout ratio is currently 13.79%.
A number of research analysts have weighed in on the stock. Wolfe Research raised shares of Range Resources from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Stifel Nicolaus assumed coverage on shares of Range Resources in a research report on Wednesday, May 23rd. They set a “buy” rating and a $21.50 target price for the company. UBS Group assumed coverage on shares of Range Resources in a research report on Wednesday, March 7th. They set a “buy” rating and a $18.50 target price for the company. Wells Fargo & Co lowered shares of Range Resources to a “market perform” rating in a research report on Tuesday, March 27th. Finally, Sanford C. Bernstein lowered shares of Range Resources from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research report on Monday, March 26th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Range Resources presently has a consensus rating of “Hold” and a consensus target price of $22.28.
Range Resources Company Profile
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
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