Range Resources Corporation(RRC) is having a Dividend Yield of 0.24% with the Annual cash Dividend per share of $0.08. The last quarter cash dividend per share pay out was $0.02. Range Resources Corporation has a 5 year average dividend yield of 0.27% and the stock has a Indicated annual dividend of $0.08. Range Resources Corporation(RRC) formally announced its most recent dividend on December 9, 2016 with a Dividend per share of $0.02. The new indicated annual dividend based on announced dividend per share is $0.08. The dividend yield based on the forward looking indicated annual dividend is 0.24%. The 5 year historical dividend growth of Range Resources Corporation(RRC) is at the rate of -12.49% while the R-Squared dividend growth is 0.48. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Range Resources Corporation (NYSE:RRC) witnessed a decline in the market cap on Thursday as its shares dropped 5.33% or 1.76 points. After the session commenced at $32.98, the stock reached the higher end at $33.07 while it hit a low of $31. With the volume soaring to 6,373,353 shares, the last trade was called at $31.24. The company has a 52-week high of $46.96. The company has a market cap of $7,721 million and there are 247,145,290 shares in outstanding. The 52-week low of the share price is $21.69. Range Resources Corporation has lost 7.6% in the last five trading days and dropped 9.05% in the last 4 weeks. Range Resources Corporation has dropped 9.9% during the last 3-month period . Year-to-Date the stock performance stands at -9.08%.
Currently the company Insiders own 2.4% of Range Resources Corporation shares according to the proxy statements. Institutional Investors own 87.7% of Range Resources Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -18.49%. Company has reported several Insider transactions to the SEC, on Jan 5, 2017, Jeffrey L Ventura (President and CEO) sold 48,500 shares at 32.60 per share price.On Jan 5, 2017, Ray N Jr Walker (EVP and COO) sold 13,754 shares at 32.60 per share price.On Jan 5, 2017, Roger S Manny (Exec VP and CFO) sold 20,000 shares at 32.60 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Range Resources Corp. was Upgraded by Instinet to Buy on Feb 6, 2017. Range Resources Corp. was Initiated by R. F. Lafferty on Jan 25, 2017 to Buy, Price Target of the shares are set at $58.
Range Resources Corp. Last issued its quarterly earnings results on Oct 25, 2016. The company reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $-0.16. The company had revenue of $413.20 million for the quarter, compared to analysts expectations of $360.95 million. The companys revenue was down -13.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Range Resources Corp. acquires, develops, and finances oil and gas properties in the U.S. They seek to build value primarily through lower-risk development drilling and acquisitions while to a lesser degree pursuing higher risk exploitation and exploration projects on their extensive inventory of undeveloped acreage. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.