|Bid||4.0000 x 21500|
|Ask||3.9900 x 21500|
|Day's Range||3.9600 - 4.3800|
|52 Week Range||3.2600 - 11.8100|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2020 - Feb 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 10, 2019|
|1y Target Est||5.98|
The Pennsylvania Department of Environmental Protection is ordering Range Resources Corp. to fix a well in Lycoming County that it said began leaking methane in 2012. DEP said in a statement that the Harman Lewis well, in Moreland Township, was drilled in February 2011 and was completed in June 2011. DEP said Range's initial plans to correct the issue were inadequate, and there was a 2013 violation notice given to Range, a May 2015 order requiring corrective action and then a civil penalty issued but never assessed later in 2015.
Apache (APA) shares rocket following a discovery offshore Suriname block 58. BP plc (BP) agrees to divest certain North Sea assets for $625 million.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before 2018's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Range expects that the net proceeds of the offering will be approximately $541.6 million. On January 8, 2020, Range also commenced tender offers to purchase for cash (the “Tender Offers”), subject to certain conditions, up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021, 5.875% senior notes due 2022 and 5.000% senior notes due 2022 (collectively, the “Target Notes”). Range intends to use the net proceeds from the offering to purchase Target Notes in the Tender Offers, including fees and expenses incurred in connection therewith, with the remainder of the net proceeds to be used to repay borrowings under its bank credit facility.
Moody's Investors Service ("Moody's") assigned a B1 rating to Range Resources Corporation's (Range) proposed $500 million notes due 2026. Range's other ratings remained unchanged. Range's proposed and existing senior unsecured notes are rated B1, one notch below the assigned Ba3 Corporate Family Rating (CFR), due to their structural subordination to the company's $2.4 billion senior secured revolving credit facility.
The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated January 8, 2020 (the “Offer to Purchase”). Range intends to fund the Tender Offers, including accrued interest and fees and expenses payable in connection with the Tender Offers, with the net proceeds of its separately announced proposed offering of debt securities (the “Debt Financing”), together with, if necessary, borrowings from its bank credit facility or cash on hand.
On January 8, 2020, Range also commenced tender offers to purchase for cash (the “Tender Offers”), subject to certain conditions, up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021, 5.875% senior notes due 2022 and 5.000% senior notes due 2022 (collectively, the “Target Notes”). Range intends to use the net proceeds from the offering, together with borrowings from its bank credit facility, if necessary, to purchase Target Notes in the Tender Offers, including fees and expenses incurred in connection therewith, with the remainder of the net proceeds, if any, to be used to repay borrowings under its bank credit facility.
Range, whose regional headquarters is at Southpointe, has been working on debt reduction and cutting costs. It laid off employees in the spring and closed its Houston office, all in 2019.
In order to improve the balance sheet, Range Resources (RRC) decides to shelve dividend payments, which will enable it to save $20 million per annum.
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced a 2020 capital budget of $520 million, which is expected to maintain daily production at approximately 2.3 Bcfe. Additionally, Range announced that year-end 2019 reserves increased to 18.2 Tcfe.
Rating Action: Moody's downgrades Range Resources to Ba3; outlook negative. Global Credit Research- 12 Dec 2019. $2.8 billion of rated debt affected.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
The times, said Hart Energy's Paul Hart in opening the conference with a movie quote, are bad. But, he said, the Marcellus and Utica — one of the largest gas fields in the world — has all of the ingredients to take advantage when conditions get better.
FORT WORTH, Texas, Dec. 02, 2019 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock.
Range Resources (RRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Strong earnings growth prospects, share price performance ahead of the industry and healthy portfolio of streaming and royalty agreements make Franco-Nevada (FNV) an attractive investment option.
The riskiest oil and gas companies are as unpopular as ever, fund managers say. Third-quarter earnings were a critical time for energy companies’ financial performances, and investors found some of them lacking. While the results weren’t bad across the board, would-be buyers were already worn out by the series of defaults and bankruptcies in the sector that occurred in 2015 and 2016.
U.S. natural gas producer Range Resources Corporation will be closing its Houston office, resulting in the layoffs of 50 Houston employees.
This month, we saw the Range Resources Corporation (NYSE:RRC) up an impressive 35%. But spare a thought for the long...
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]