FY2018 EPS Estimates for Range Resources Corp. Increased by Analyst (RRC)

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Range Resources Corp. (NYSE:RRC) – Research analysts at B. Riley lifted their FY2018 EPS estimates for shares of Range Resources in a report released on Thursday, October 25th. B. Riley analyst R. Rashid now expects that the oil and gas exploration company will post earnings of $1.06 per share for the year, up from their prior forecast of $0.96. B. Riley has a “Buy” rating and a $29.00 price objective on the stock. B. Riley also issued estimates for Range Resources’ Q2 2019 earnings at $0.49 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.88 EPS and FY2020 earnings at $3.62 EPS.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 23rd. The oil and gas exploration company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Range Resources had a net margin of 8.28% and a return on equity of 4.85%. The firm had revenue of $811.20 million during the quarter, compared to analyst estimates of $747.06 million. During the same quarter last year, the business earned $0.05 EPS. The company’s revenue was up 68.2% compared to the same quarter last year.

Several other research analysts have also issued reports on RRC. TD Securities raised their price target on shares of Range Resources from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, October 24th. Morgan Stanley set a $17.00 price target on shares of Range Resources and gave the stock a “sell” rating in a report on Monday. Guggenheim restated a “buy” rating and set a $22.00 price target on shares of Range Resources in a report on Wednesday, October 24th. Piper Jaffray Companies set a $29.00 price target on shares of Range Resources and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Macquarie set a $18.00 price target on shares of Range Resources and gave the stock a “hold” rating in a report on Wednesday, September 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. Range Resources has a consensus rating of “Hold” and an average target price of $22.55.

Range Resources stock opened at $15.56 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.56 and a quick ratio of 0.53. Range Resources has a 52-week low of $11.93 and a 52-week high of $19.38. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.13 and a beta of 0.57.

Large investors have recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC bought a new stake in shares of Range Resources in the 2nd quarter valued at $100,000. Palo Capital Inc. bought a new stake in shares of Range Resources in the 3rd quarter valued at $198,000. Nisa Investment Advisors LLC increased its stake in shares of Range Resources by 47.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,730 shares of the oil and gas exploration company’s stock valued at $199,000 after acquiring an additional 3,750 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Range Resources during the 2nd quarter valued at $207,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Range Resources during the 2nd quarter valued at $212,000.

Range Resources Company Profile

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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Earnings History and Estimates for Range Resources (NYSE:RRC)

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