News coverage about Range Resources (NYSE:RRC) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Range Resources earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the oil and gas exploration company an impact score of 48.3919633211273 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Range Resources Corporation (RRC) Expected to Post Quarterly Sales of $643.54 Million (americanbankingnews.com)
- Jefferies Group Equities Analysts Boost Earnings Estimates for Range Resources Corporation (RRC) (americanbankingnews.com)
- Will US Natural Gas Futures End 2017 on a Low Note? (finance.yahoo.com)
- Focus on Unusual Volume Activity Stock – Range Resources Corporation (RRC) – Wall Street Morning (wallstreetmorning.com)
- Range Resources Corporation (RRC) – Unusual Volume Stock to Focus – Wall Street Morning (wallstreetmorning.com)
A number of research analysts have recently issued reports on RRC shares. Goldman Sachs Group cut Range Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $20.50 in a research note on Friday, September 8th. Jefferies Group set a $36.00 price objective on Range Resources and gave the company a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research raised Range Resources from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, October 20th. Morgan Stanley reduced their price objective on Range Resources from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $32.00 price objective on shares of Range Resources in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Range Resources currently has a consensus rating of “Buy” and a consensus price target of $30.23.
Range Resources (NYSE:RRC) last posted its 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. The company had revenue of $482.20 million for the quarter, compared to analysts’ expectations of $543.16 million. Range Resources had a positive return on equity of 1.63% and a negative net margin of 2.23%. Range Resources’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. equities analysts anticipate that Range Resources will post 0.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.02 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.49%. Range Resources’s payout ratio is presently -38.10%.
In other Range Resources news, VP David P. Poole sold 30,920 shares of Range Resources stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total transaction of $505,851.20. Following the sale, the vice president now directly owns 17,647 shares of the company’s stock, valued at approximately $288,704.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony V. Dub sold 2,897 shares of Range Resources stock in a transaction that occurred 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 in the company, valued at $1,541,760. The disclosure for this sale can be found here. Insiders sold 44,574 shares of company stock worth $729,007 over the last three months. 2.40% of the stock is owned by insiders.
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About Range Resources
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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