Range Resources Corporation to Issue Quarterly Dividend of $0.09 (NYSE:RRC)
Range Resources Corporation (NYSE:RRC) announced a quarterly dividend of $0.09 per share, payable on December 26th to shareholders of record on December 12th. The dividend yield is 0.9%, with a payout ratio of 8.7%. Analysts expect earnings of $2.99 per share next year, supporting the dividend. The stock rose 2.7% to $39.49, with a market cap of $9.36 billion.
Range Resources Corporation (NYSE:RRC - Get Free Report) announced a quarterly dividend on Friday, November 28th. Shareholders of record on Friday, December 12th will be paid a dividend of 0.09 per share by the oil and gas exploration company on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 12th.
- These energy stocks are most-upgraded amid falling oil prices
Range Resources has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Range Resources has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Range Resources to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 12.0%.
Get Range Resources alerts:
Range Resources Stock Up 2.7%
NYSE RRC traded up $1.03 during midday trading on Friday, hitting $39.49. 1,547,227 shares of the company traded hands, compared to its average volume of 2,905,911. The company's 50-day simple moving average is $37.41 and its 200-day simple moving average is $37.36. Range Resources has a 52 week low of $30.32 and a 52 week high of $43.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.55. The company has a market cap of $9.36 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.39 and a beta of 0.49.
- 10 Best Natural Gas Stocks to Buy Now
Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The oil and gas exploration company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. Range Resources had a return on equity of 15.99% and a net margin of 19.64%.The firm had revenue of $655.30 million during the quarter, compared to analysts' expectations of $721.22 million. During the same quarter last year, the firm earned $0.48 EPS. The business's quarterly revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts forecast that Range Resources will post 2.02 earnings per share for the current year.
About Range Resources
(Get Free Report)Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.
Further Reading
- Five stocks we like better than Range Resources
- What Investors Need to Know About Upcoming IPOs
- Power On: Applied Digital’s First AI Data Center Goes Live
- 3 Stocks to Consider Buying in October
- Alphabet: The AI Leader Best Positioned to Dominate 2026
- How is Compound Interest Calculated?
- 2 Reasons to Load Up on Fiserv, 1 to Stay Away
- 2 Small-Cap Energy Stocks With Big Upside For Investors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Range Resources Right Now?
Before you consider Range Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Range Resources wasn't on the list.
While Range Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
