Range Resources Corp. (NYSE:RRC) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.02 per share by the oil and gas exploration company on Monday, December 30th. This represents a $0.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, December 12th.
Range Resources stock traded up $0.19 during midday trading on Wednesday, hitting $3.59. 8,418,165 shares of the company’s stock were exchanged, compared to its average volume of 10,043,098. Range Resources has a 52-week low of $3.26 and a 52-week high of $14.31. The stock has a 50-day moving average price of $3.97 and a two-hundred day moving average price of $5.12. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.69 and a current ratio of 0.74. The company has a market cap of $902.63 million, a P/E ratio of 3.18, a PEG ratio of 3.52 and a beta of 0.99.
Range Resources (NYSE:RRC) last posted its earnings results on Wednesday, October 23rd. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. Range Resources had a positive return on equity of 3.14% and a negative net margin of 50.85%. The business had revenue of $622.45 million during the quarter, compared to analysts’ expectations of $594.94 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was down 23.3% on a year-over-year basis. As a group, sell-side analysts expect that Range Resources will post 0.24 earnings per share for the current year.
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.
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