14.15 0.00 (0.00%)
After hours: 5:02PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.50 - 14.21|
|52 Week Range||11.93 - 27.93|
|PE Ratio (TTM)||10.54|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.08 (0.55%)|
|1y Target Est||22.09|
Between April 18 and April 25, our list of natural gas–weighted stocks fell 4.6%, while natural gas June futures rose 1.4%. In that period, the following natural gas–weighted stocks fell the least: Southwestern Energy (SWN): fell 1.5% Cabot Oil & Gas (COG): fell 3.6%
The following natural gas–weighted stocks could be the most sensitive to US crude oil’s moves based on the past five trading sessions’ correlations with US crude oil June futures: Antero Resources (AR): 50.6% Chesapeake Energy (CHK): 46.6% Range Resources (RRC): 39.9%
Range Resources' (RRC) net natural gas output in the first quarter surpasses 1.2 billion cubic feet per day mark, making a quarterly record.
Range Resources (RRC) announced its 1Q18 earnings on May 25, after the market closed. In 1Q18, Range Resources reported adjusted revenue of ~$766 million, better than analysts’ estimate of ~$690 million. It marked a ~26% rise from its 1Q17 adjusted revenue of ~$607 million and a ~28% rise from its 4Q17 adjusted revenue of ~$600 million. Its revenue was boosted by a ~13% rise in production and a ~10% rise in total realized natural gas, natural gas liquid, and crude oil prices.
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Range Resources Corporation (NYSE: RRC ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 26, 2018 at 9:00 AM Eastern ...
The Fort Worth, Texas-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs, were 46 cents per share. The results met Wall Street expectations. The average ...
FORT WORTH, Texas, April 25, 2018-- RANGE RESOURCES CORPORATION today announced its first quarter 2018 financial results.. GAAP cash flow was $371 million, compared to $226 million in first quarter 2017, ...
In the week ending April 13, natural gas inventories declined by 36 Bcf (billion cubic feet) to 1,299 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on April 19. The fall in the EIA’s data was 13 Bcf more than the market’s expectation. On April 19, natural gas June futures fell 2.6%. Natural gas oversupply concerns could have dragged natural gas prices on the day.
The S&P 500 fell ~0.8% to 2,670.14 on April 20 due to the expectation of a rise in US interest rates. The ten-year Treasury yield is at the January 2014 high, which also pressured the S&P 500. Nine out of the ten major sectors in the S&P 500 fell on April 20.
In the last four quarters, ConocoPhillips (COP) beat consensus EPS (earnings per share) estimates in 2Q17 and 3Q17. However, COP missed EPS estimates in 1Q17 and met EPS estimates in 4Q17. So, in the last four quarters, COP beat consensus EPS estimates 50% of the time, missed consensus EPS estimates 25% of the time, and met consensus EPS estimates 25% of the time.
As of April 17, 2018, 31 analysts were covering SWN. About 3% of analysts have “strong buy” ratings, and ~13% of analysts have “buy” recommendations. Around 68% of analysts have “hold” recommendations, and ~16% have “sell” recommendations on SWN. There aren’t any “strong sell” recommendations on the stock.
Southwestern Energy (SWN) is set to report its 1Q18 earnings on April 26, 2018, after the market closes. For 1Q18, excluding any one-time items, the current consensus net income estimate for Southwestern Energy is ~$136 million. On a year-over-year basis, SWN is expected to report ~56% higher profits when compared with 1Q17’s adjusted net income of ~$87 million. Even on a sequential basis and excluding any one-time items, SWN’s 1Q18 consensus net income estimate is much higher by ~116% from a profit of ~$63 million in 4Q17.
On April 11–18, 2018, our list of natural gas–weighted stocks fell 2%. However, natural gas May futures rose 2.4% during this period. In the seven calendar days to April 18, the natural gas–weighted stocks that outperformed were: Cabot Oil & Gas (COG) rose 2.3%. Southwestern Energy (SWN) rose 0.4%. Chesapeake Energy (CHK) fell 1.9%.
On April 11–18, 2018, US crude oil June futures rose 2.6%. The following natural gas–weighted stocks could follow oil’s rise based on the past five trading sessions’ correlations with US crude oil June futures: Southwestern Energy (SWN) at 79.3% Chesapeake Energy (CHK) at 74.1% Range Resources (RRC) at 68.6%
Of the 30 analysts covering Encana (ECA) on April 16, 2018, ~30% recommended “strong buy,” ~67% recommended “buy,” and ~3% recommended “hold.” There were no “sell” or “strong sell” recommendations.
Natural gas inventories declined by 19 Bcf (billion cubic feet) to 1,335 Bcf in the week ending April 6, 2018, according to the EIA’s (U.S. Energy Information Administration) report announced on April 12, 2018. The fall in the EIA’s data was eight Bcf more than the market’s expected fall. On April 12, 2018, natural gas May futures rose 0.4%.
On April 17, 2018, natural gas May 2018 futures closed at a premium of ~$0.1 to May 2019 futures. The difference is called the “futures spread.” On April 10, 2018, the futures spread was at a premium of ~$0.03. Between April 10 and April 17, 2018, natural gas May futures rose 3.1%.
In 4Q17, 40 hedge funds were “buyers” of Range Resources (RRC) stock, while 33 hedge funds were “sellers.” In 4Q17, the total buying hedge funds outnumbered the total selling hedge funds by seven. As of December 31, 2017, 55 hedge funds that filed form 13F held Range Resources in their portfolio. Four hedge funds have Range Resources in their top ten holdings.
As of April 13, 2018, Southwestern Energy (SWN) had an implied volatility of ~55.3%, which is higher than its implied volatility of ~62.2% at the end of 1Q18. Last week, SWN’s implied volatility decreased from ~59.9% to ~55.3% due to a ~5% rise in its stock price. Based on Southwestern Energy’s implied volatility of ~55.3% and assuming a normal distribution of prices, 365 days in a year, and a standard deviation of one, SWN’s stock is expected to close between $4.83 and $4.15 in the next seven calendar days.
As of April 12, 2018, Reuters reported that 33 gave recommendations on Range Resources (RRC). Six analysts gave a “strong buy,” 11 analysts gave a “buy,” 13 analysts gave a “hold,” and two analysts gave “sell” recommendation on Range Resources. There was one “strong sell” recommendation on the stock.
In the last four quarters, Range Resources (RRC) beat the consensus EPS (earnings per share) estimates in 1Q17, 3Q17, and 4Q17. However, Range Resources missed the EPS estimate in 2Q17. In the last four quarters, Range Resources beat the consensus EPS estimate 75% of the time and missed the consensus EPS estimate 25% of the time.
Wall Street analysts expect Range Resources (RRC) to report an ~41% higher operating cash flow of ~$318 million YoY (year-over-year) in 1Q18 from ~$226 million in 1Q17. On a sequential basis, Range Resources’ estimated 1Q18 operating cash flow is ~47% higher compared to ~$216 million in 4Q17. Range Resources’ higher estimated 1Q18 operating cash flow could be attributed to higher production in 1Q18.
Range Resources Limited (ASX:RRS), an energy company based in Australia, received a lot of attention from a substantial price increase on the ASX over the last few months. Less-covered, smallRead More...