Range Resources Corp. (NYSE:RRC) – Research analysts at B. Riley boosted their Q1 2019 EPS estimates for Range Resources in a research report issued on Wednesday, November 21st. B. Riley analyst R. Rashid now expects that the oil and gas exploration company will earn $0.54 per share for the quarter, up from their previous estimate of $0.50. B. Riley has a “Buy” rating and a $29.00 price objective on the stock. B. Riley also issued estimates for Range Resources’ Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $2.17 EPS, Q1 2020 earnings at $1.00 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.88 EPS and FY2020 earnings at $3.69 EPS.
Other research analysts also recently issued research reports about the stock. Morgan Stanley set a $18.00 price objective on shares of Range Resources and gave the company a “sell” rating in a research report on Friday, October 12th. Guggenheim reissued a “buy” rating and issued a $22.00 price objective on shares of Range Resources in a research report on Wednesday, October 24th. Macquarie set a $18.00 target price on shares of Range Resources and gave the stock a “hold” rating in a report on Wednesday, September 26th. KLR Group reaffirmed a “buy” rating and set a $23.00 target price on shares of Range Resources in a report on Monday, August 20th. Finally, TD Securities reduced their target price on shares of Range Resources from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.89.
Shares of RRC opened at $15.35 on Monday. Range Resources has a one year low of $11.93 and a one year high of $18.93. The stock has a market capitalization of $3.89 billion, a PE ratio of 26.37, a PEG ratio of 1.22 and a beta of 0.58. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 0.72.
Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Range Resources had a net margin of 8.28% and a return on equity of 4.85%. The company had revenue of $811.20 million during the quarter, compared to the consensus estimate of $747.06 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 68.2% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in RRC. DekaBank Deutsche Girozentrale raised its stake in Range Resources by 265.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 6,660 shares of the oil and gas exploration company’s stock worth $110,000 after purchasing an additional 4,840 shares in the last quarter. Penserra Capital Management LLC raised its stake in Range Resources by 94.9% in the 3rd quarter. Penserra Capital Management LLC now owns 9,860 shares of the oil and gas exploration company’s stock worth $166,000 after purchasing an additional 4,800 shares in the last quarter. Caxton Associates LP acquired a new stake in Range Resources in the 3rd quarter worth about $195,000. Palo Capital Inc. acquired a new stake in Range Resources in the 3rd quarter worth about $198,000. Finally, Nisa Investment Advisors LLC raised its stake in Range Resources by 47.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,730 shares of the oil and gas exploration company’s stock worth $199,000 after purchasing an additional 3,750 shares in the last quarter.
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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