Range Resources Corporation Plans Quarterly Dividend of $0.10 (NYSE:RRC)

Range Resources Corporation (NYSE:RRC) declared a quarterly dividend on Friday, August 28th. Investors of record on Friday, September 11th will be paid a dividend of 0.10 per share by the oil and gas exploration company on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 11th.

Range Resources has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Range Resources to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.0%.

Range Resources Price Performance

NYSE:RRC opened at $41.52 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $38.55 and its 200 day moving average price is $40.25. Range Resources has a 52-week low of $32.68 and a 52-week high of $48.31. The firm has a market cap of $9.70 billion, a P/E ratio of 11.47 and a beta of 0.42.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. The business had revenue of $759.58 million for the quarter, compared to the consensus estimate of $744.78 million. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts predict that Range Resources will post 3.62 earnings per share for the current fiscal year.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.