-$0.02 Earnings Per Share Expected for Range Resources Corp. (NYSE:RRC) This Quarter

Equities analysts expect Range Resources Corp. (NYSE:RRC) to report earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Range Resources’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at ($0.09). Range Resources reported earnings of $0.26 per share during the same quarter last year, which would indicate a negative year over year growth rate of 107.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that Range Resources will report full-year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.84. For the next year, analysts anticipate that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.02 to $1.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Range Resources.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $851.43 million for the quarter, compared to the consensus estimate of $672.93 million. Range Resources had a negative net margin of 45.91% and a positive return on equity of 4.66%. Range Resources’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share.

A number of research analysts have recently commented on RRC shares. Morgan Stanley set a $4.00 target price on shares of Range Resources and gave the stock a “sell” rating in a report on Monday, June 24th. Susquehanna Bancshares reduced their price objective on shares of Range Resources from $11.00 to $8.50 and set a “positive” rating for the company in a research report on Monday. Guggenheim downgraded shares of Range Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, April 25th. Zacks Investment Research downgraded shares of Range Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Cowen began coverage on shares of Range Resources in a research report on Tuesday, April 9th. They set an “outperform” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Range Resources presently has an average rating of “Hold” and a consensus price target of $15.01.

Shares of RRC stock traded down $0.54 on Thursday, reaching $5.15. The company had a trading volume of 14,340,000 shares, compared to its average volume of 8,549,743. The firm has a market capitalization of $1.30 billion, a PE ratio of 4.56, a PEG ratio of 3.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.75 and a quick ratio of 0.70. Range Resources has a one year low of $4.57 and a one year high of $18.59. The firm has a 50-day simple moving average of $6.15.

A number of institutional investors and hedge funds have recently modified their holdings of the business. World Asset Management Inc purchased a new stake in shares of Range Resources in the first quarter worth about $155,000. Jennison Associates LLC grew its position in shares of Range Resources by 0.4% during the 1st quarter. Jennison Associates LLC now owns 1,107,832 shares of the oil and gas exploration company’s stock worth $12,452,000 after buying an additional 4,214 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Range Resources by 83.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 256,608 shares of the oil and gas exploration company’s stock worth $2,456,000 after buying an additional 116,477 shares during the period. Trexquant Investment LP grew its position in shares of Range Resources by 9.9% during the 1st quarter. Trexquant Investment LP now owns 415,033 shares of the oil and gas exploration company’s stock worth $4,665,000 after buying an additional 37,283 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new stake in shares of Range Resources during the 1st quarter worth approximately $129,000.

About Range Resources

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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Earnings History and Estimates for Range Resources (NYSE:RRC)

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