Past 3 Quarter Analysis forRange Resources Corporation (NYSE:RRC)


Range Resources Corporation (NYSE:RRC) moved down -3.6% and closed its last trading session at $37.2. This Oils-Energy Sector stock currently has the Market Capitalization of 6.56 Billion. The Average Volume for the stock is measured as 3.88 Million. The Stock has a 52-Week High of $46.96 and 52-Week Low of $19.21 following the dates, it touched its 52-Week High on Jun 21, 2016 and 52-Week Low on Jan 20, 2016. Currently, the Return on Assets value for the trailing twelve months is -13.2% with the Return on Equity and Return on Investment of -34.2% and -10.3% respectively. This firm currently has YTD (year to date) performance of 51.4 Percent which is awesome. The Short Ratio for the stock is 3.28.

Range Resources Corporation (NYSE:RRC) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-5.64. The TTM operating margin is 0 percent.

Range Resources Corporation (NYSE:RRC) is due to report its Earnings on Tue 25 Oct (In 2 Days). The estimated EPS for the current quarter is said to be $-0.24. Following Earnings result, share price were DOWN 14 times out of last 27 Qtrs. The stock has reduced about -11.1% since it reported its last earnings. The Closing price of Range Resources Corporation (NYSE:RRC) at Last Earnings was $41.85 as compared to the previous closing price of $38.59. The Predicted Move on the 7th day after Range Resources Corporation (NYSE:RRC) will release its earnings at about 5%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Range Resources Corporation (NYSE:RRC) beats earnings by 58%, The Stock Missed Earnings  4  times and has met earnings  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

Range Resources Corporation (NYSE:RRC) reported its previous quarter on 07/26/2016 where it reported the Actual Earnings of $-0.14. The Closing price before the company posted its earnings was $41.85. The Stock declined on the very next day of earnings and maintained its stock price at $40.46 by showing a % change of -3.32 percent from its previous closing price. The Next Day Volume after Earnings was reported as 7.7 Million. On the 7th day After Earnings Report, the stock hit its share price as $38.91 by showing -7.03% decrease from the Stock price Before Earnings were reported.

On 04/28/2016, the stock reported the EPS of $-0.1 where Analysts were projecting the EPS to be $-0.19 showing a difference of $0.09. Thus Surprise Factor was there with 47.4 percent. Before Earnings Announcement on 04/28/2016, the firm had its stock price of $40.71. And immediately on the next day after earnings announcement, the stock inclined 8.25% and closed its trading session at $44.07. On 7th Day after earnings release, Range Resources Corporation (NYSE:RRC) surged to 4.1% from $40.71 to $42.38.

On 02/25/2016, Analysts were suspecting EPS of $0.12/share where Range Resources Corporation (NYSE:RRC) reported its Actual EPS of $0.25. Thus showing a Surprise of 108.3 percent. The Closing Price of the stock before earnings was $23.31 while on the Next day the stock closed its trading session at $23.85 with a percentage change of 2.32% from the price of 23.31 before Earnings. The Stock Closing Price on the 7th day of earnings was $30.68.

Company Profile:

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. The company holds interests in developed and undeveloped natural gas and oil leases in the Appalachian region of the United States. It owns and operates 4,462 net producing wells and approximately 905,000 net acres under lease in the Appalachian region; and 444 net producing wells and approximately 308,000 net acres under lease 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. The company markets and sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to natural gas processors or users of NGLs; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. As of December 31, 2015, it had proved reserves of 9.9 trillion cubic feet of natural gas equivalents. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.