Range Resources Corp. (NYSE:RRC) – B. Riley dropped their FY2019 EPS estimates for shares of Range Resources in a report released on Tuesday, November 6th. B. Riley analyst R. Rashid now forecasts that the oil and gas exploration company will post earnings per share of $1.94 for the year, down from their previous forecast of $2.23. B. Riley has a “Buy” rating and a $29.00 price objective on the stock. B. Riley also issued estimates for Range Resources’ Q4 2019 earnings at $0.55 EPS.
Range Resources (NYSE:RRC) last announced its quarterly earnings results on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $811.20 million during the quarter, compared to analyst estimates of $747.06 million. Range Resources had a return on equity of 4.85% and a net margin of 8.28%. Range Resources’s quarterly revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share.
Shares of NYSE RRC opened at $17.06 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.34 billion, a P/E ratio of 29.41, a PEG ratio of 1.23 and a beta of 0.58. Range Resources has a 52-week low of $11.93 and a 52-week high of $19.38.
Large investors have recently modified their holdings of the stock. St. Johns Investment Management Company LLC acquired a new position in shares of Range Resources during the second quarter worth $100,000. Penserra Capital Management LLC increased its position in shares of Range Resources by 94.9% during the third 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. Palo Capital Inc. acquired a new position in shares of Range Resources during the third quarter worth $198,000. Nisa Investment Advisors LLC increased its position in shares of Range Resources by 47.0% during the third 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. Finally, Engineers Gate Manager LP acquired a new position in shares of Range Resources during the second quarter worth $207,000.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
Receive News & Ratings for Range Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Resources and related companies with MarketBeat.com's FREE daily email newsletter.