Range Resources (NYSE:RRC – Get Free Report) released its quarterly earnings results on Tuesday. The oil and gas exploration company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.21, Briefing.com reports. Range Resources had a net margin of 17.00% and a return on equity of 13.58%. The firm had revenue of $718.20 million during the quarter, compared to the consensus estimate of $680.72 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis.
Range Resources Price Performance
Shares of RRC opened at $37.77 on Thursday. Range Resources has a twelve month low of $23.92 and a twelve month high of $37.89. The firm’s fifty day simple moving average is $33.52 and its 200-day simple moving average is $32.37. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 19.17 and a beta of 1.83. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.
Range Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%. Range Resources’s payout ratio is 16.24%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on RRC
About Range Resources
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.
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