Range Resources Corporation (NYSE:RRC) an independent natural gas firm, is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.02 per share.
For the full year, analysts predict revenues of $ 1954.53 million, while looking forward to income of $ 0.04 per share.
Previous Quarter Performance
Range Resources Corporation reported loss for the second quarter of $ 0.10 per share, from the revenue of $ 502.36 million. According to street consensus, RRC was expected to report 2Q20 loss of $ 0.16 per share from revenue of $ 432.37 million. The bottom line results beat street analysts by $ 0.06 or 37.50 percent, at the same time, top line results outshined analysts by $ 69.99 million or 16.19 percent.
Stock Performance
Shares of Range Resources Corporation traded low $ -0.70 or -8.12 percent on Wednesday, reaching $ 7.92 with volume of 7.47 million shares. Range Resources Corporation has traded high as $ 8.56 and has cracked $ 7.90 on the downward trend
According to the previous trading day, closing price of $ 7.92, representing a 435.40 % increase from the 52 week low of $ 1.61 and a 8.4 % decrease over the 52 week high of $ 9.41.
The company has a market capital of $ 2.03 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 24th September 2020, downgraded by Goldman Sachs Group to Sell from Neutral rating, with $ 6.00 target price.
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. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States.
