Brokerages forecast that Range Resources Corporation (NYSE:RRC) will report sales of $643.54 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Range Resources’ earnings. The lowest sales estimate is $614.00 million and the highest is $697.69 million. Range Resources reported sales of $253.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 153.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Range Resources will report full year sales of $643.54 million for the current year, with estimates ranging from $2.20 billion to $2.60 billion. For the next financial year, analysts expect that the business will report sales of $2.76 billion per share, with estimates ranging from $2.66 billion to $2.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Range Resources.

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Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, October 24th. The oil and gas exploration company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $482.20 million for the quarter, compared to the consensus estimate of $543.16 million. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS.

Several research analysts recently commented on the stock. Bank of America downgraded shares of Range Resources from a “buy” rating to a “neutral” rating in a report on Thursday. Scotiabank restated a “buy” rating and issued a $30.00 price target on shares of Range Resources in a research report on Monday, October 9th. Piper Jaffray Companies decreased their price target on shares of Range Resources from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. Stifel Nicolaus set a $21.00 price target on shares of Range Resources and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Vetr upgraded shares of Range Resources from a “buy” rating to a “strong-buy” rating and set a $22.02 price target on the stock in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Range Resources currently has a consensus rating of “Buy” and a consensus price target of $30.02.

Shares of Range Resources (NYSE:RRC) traded down $0.64 on Friday, reaching $16.76. 8,256,100 shares of the company traded hands, compared to its average volume of 6,690,907. The company has a market cap of $4,158.81, a P/E ratio of -79.81 and a beta of 0.91. Range Resources has a 12-month low of $15.33 and a 12-month high of $36.40. The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 0.72.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Thursday, December 14th. Range Resources’s dividend payout ratio is presently -38.09%.

In related news, Director Anthony V. Dub sold 2,897 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.06, for a total transaction of $46,525.82. Following the completion of the sale, the director now directly owns 96,000 shares of the company’s stock, valued at $1,541,760. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David P. Poole sold 30,920 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $16.36, for a total transaction of $505,851.20. Following the sale, the vice president now directly owns 17,647 shares of the company’s stock, valued at $288,704.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,574 shares of company stock valued at $729,007. Insiders own 2.40% of the company’s stock.

Large investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in Range Resources by 26.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,746 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 990 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Range Resources by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,065 shares of the oil and gas exploration company’s stock valued at $117,000 after buying an additional 64 shares during the period. Capstone Investment Advisors Netherlands B.V. boosted its holdings in shares of Range Resources by 166.2% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,088 shares of the oil and gas exploration company’s stock valued at $141,000 after buying an additional 3,801 shares during the period. Stephens Inc. AR boosted its holdings in shares of Range Resources by 5.6% in the second quarter. Stephens Inc. AR now owns 7,728 shares of the oil and gas exploration company’s stock valued at $179,000 after buying an additional 412 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Range Resources by 240.4% in the second quarter. Westwood Holdings Group Inc. now owns 8,850 shares of the oil and gas exploration company’s stock valued at $205,000 after buying an additional 6,250 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

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About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. It is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily 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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