Range Resources (RRC) Receiving Somewhat Favorable News Coverage, Accern Reports
News coverage about Range Resources (NYSE:RRC) has trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Range Resources earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the oil and gas exploration company an impact score of 47.9601231620736 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Hot Stock’s Trend Recap: Range Resources Corporation (NYSE: RRC) – Alpha Beta Stock (alphabetastock.com)
- Range Resources Corporation (RRC) – Focus on Unusual Volume Activity – Wall Street Morning (wallstreetmorning.com)
- Recent Institutional Activity: Embraer SA (ERJ), Range Resources Corporation (RRC) – Market Movers (financialqz.com)
- Range Resources and Synchrony rise while JB Hunt stumbles (marketbeat.com)
- Chesapeake Energy and Range Resources on December 26 (finance.yahoo.com)
Range Resources (NYSE:RRC) traded down $0.55 during trading hours on Friday, reaching $17.06. 5,613,603 shares of the company’s stock traded hands, compared to its average volume of 6,736,356. The stock has a market capitalization of $4,233.25, a price-to-earnings ratio of -81.23 and a beta of 0.91. Range Resources has a one year low of $15.33 and a one year high of $36.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.47 and a current ratio of 0.50.
Range Resources (NYSE:RRC) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Range Resources had a negative net margin of 2.23% and a positive return on equity of 1.63%. The business had revenue of $482.20 million during the quarter, compared to the consensus estimate of $543.16 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. research analysts predict that Range Resources will post 0.44 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.47%. Range Resources’s dividend payout ratio (DPR) is presently -38.09%.
RRC has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Range Resources in a research note on Wednesday, September 6th. Goldman Sachs Group downgraded shares of Range Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $20.50 in a research note on Friday, September 8th. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Range Resources in a research note on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Range Resources in a research note on Thursday, September 14th. Finally, Piper Jaffray Companies reduced their price objective on shares of Range Resources from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.02.
In related news, CFO Roger S. Manny sold 10,757 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $16.42, for a total transaction of $176,629.94. Following the completion of the transaction, the chief financial officer now owns 143,703 shares in the company, valued at approximately $2,359,603.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony V. Dub sold 2,897 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.06, for a total transaction of $46,525.82. Following the transaction, the director now owns 96,000 shares of the company’s stock, valued at approximately $1,541,760. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,574 shares of company stock valued at $729,007. Insiders own 2.40% of the company’s stock.
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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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