Range Resources Corporation (RRC) to Issue Quarterly Dividend of $0.10 on June 26th

Range Resources Corporation (NYSE:RRC) declared a quarterly dividend on Friday, May 29th. Shareholders of record on Friday, June 12th will be given a dividend of 0.10 per share by the oil and gas exploration company on Friday, June 26th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, June 12th.

Range Resources has a payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Range Resources to earn $3.75 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 10.7%.

Range Resources Price Performance

NYSE RRC opened at $38.44 on Wednesday. Range Resources has a 52 week low of $32.60 and a 52 week high of $48.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 10.17 and a beta of 0.42. The company has a 50-day moving average price of $41.74 and a two-hundred day moving average price of $39.37.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $898.20 million. During the same quarter in the prior year, the firm earned $0.96 EPS. Range Resources’s quarterly revenue was up 49.8% on a year-over-year basis. Analysts forecast that Range Resources will post 3.7 EPS 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.