Range Resources Corp. (RRC) To Go Ex-Dividend on December 12th

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Range Resources Corp. (NYSE:RRC) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.02 per share by the oil and gas exploration company on Monday, December 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, December 12th.

NYSE RRC opened at $4.06 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $3.99 and its 200-day simple moving average is $4.97. The company has a market cap of $967.99 million, a PE ratio of 3.59, a price-to-earnings-growth ratio of 4.05 and a beta of 0.99. Range Resources has a 1-year low of $3.26 and a 1-year high of $14.04.

Range Resources (NYSE:RRC) last issued its quarterly 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 firm 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 for the quarter was down 23.3% on a year-over-year basis. On average, equities research analysts anticipate that Range Resources will post 0.23 EPS for the current fiscal year.

Several equities research analysts have issued reports on RRC shares. ValuEngine raised shares of Range Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Citigroup dropped their target price on shares of Range Resources from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Monday, September 23rd. LADENBURG THALM/SH SH cut shares of Range Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $5.00 in a research report on Monday, August 26th. Credit Suisse Group downgraded shares of Range Resources from an “outperform” rating to a “neutral” rating in a research note on Friday, October 4th. Finally, Bank of America lowered their price target on shares of Range Resources from $8.00 to $4.00 and set an “underperform” rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.67.

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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Dividend History for Range Resources (NYSE:RRC)

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