Range Resources Corporation (RRC) to Distribute Quarterly Dividend of $0.10 on September 25th

Range Resources Corporation (NYSE:RRC) declared a quarterly dividend on Friday, August 28th. Stockholders of record on Friday, September 11th will be given a dividend of 0.10 per share by the oil and gas exploration company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 11th.

Range Resources has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Range Resources to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.0%.

Range Resources Price Performance

Shares of NYSE:RRC opened at $41.52 on Friday. The firm has a market cap of $9.70 billion, a PE ratio of 11.47 and a beta of 0.42. The firm’s fifty day moving average is $38.55 and its 200-day moving average is $40.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. Range Resources has a 52 week low of $32.68 and a 52 week high of $48.31.

Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.13. The company had revenue of $759.58 million for the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. Range Resources’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Sell-side analysts predict that Range Resources will post 3.62 earnings per share for the current year.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.