Range Resources Corp. (NYSE:RRC) had declared a cash dividend of $0.0400 on Dec 2, 2016. The shares will quote ex-dividend on Dec 11, 2015 and the record date has been fixed for Dec 15, 2015. On Dec 2, 2016 share price, the yield comes out to be 0.5604%. The dividend payable date has been fixed on Dec 31, 2015.
In a different note, Barclays said it Initiates Coverage on Range Resources Corp., according to a research note issued on Sep 28, 2016. The shares have been rated ‘Underweight’ by the firm. On Sep 28, 2016, GMP Securities said it Assumes its rating on Range Resources Corp.. The shares have been rated ‘Buy’ by the firm. On Sep 21, 2016, Credit Suisse said it Reinstates its rating on Range Resources Corp.. The shares have been rated ‘Outperform’ by the firm. On Sep 20, 2016, Morgan Stanley said it Assumes its rating on Range Resources Corp.. The shares have been rated ‘Equal-weight’ by the firm.
Range Resources Corp. (RRC) made into the market gainers list on Thursdays trading session with the shares advancing 4.01% or 1.41 points. Due to strong positive momentum, the stock ended at $36.59, which is also near the day’s high of $37.51. The stock began the session at $36.4 and the volume stood at 73,28,980 shares. The 52-week high of the shares is $46.96 and the 52 week low is $19.21. The company has a current market capitalization of $9,043 M and it has 24,71,45,290 shares in outstanding.
Range Resources Corp.(RRC) last announced its earnings results on Oct 25, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $401.77M. Analysts had an estimated revenue of $356.34M. Earnings per share were $-0.06. The reported EPS was above estimates by $0.05 or 45.45%. Analysts had estimated an EPS of $-0.11.
Several Insider Transactions has been reported to the SEC. On Sep 27, 2016, Gregory Gene Maxwell (director) purchased 1,000 shares at $37.00 per share price.Also, On Sep 19, 2016, Ray N Jr Walker (EVP and COO) sold 13,350 shares at $37.64 per share price.On Jun 23, 2016, Anthony V Dub (director) sold 5,106 shares at $45.71 per share price, according to the Form-4 filing with the securities and exchange commission.
Range Resources Corporation (Range) is an independent natural gas natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration development and acquisition of natural gas and oil properties mostly in the Appalachian and Midcontinent regions of the United States. The Companys properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and to a lesser extent royalty and overriding royalty interests. The Companys activities in the Midcontinent region include drilling production and field operations in the Texas Panhandle as well as in the Anadarko Basin of western Oklahoma the Nemaha Uplift of northern Oklahoma and Kansas the Permian Basin of West Texas and Mississippi.