|Bid||14.26 x 300|
|Ask||15.35 x 100|
|Day's Range||14.31 - 14.81|
|52 Week Range||11.93 - 28.76|
|PE Ratio (TTM)||10.83|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||0.08 (0.55%)|
|1y Target Est||22.85|
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...
For 1Q18, Range Resources (RRC) expects total production of 2.18 Bcfe (billion cubic feet equivalent) per day. On a YoY (year-over-year) basis, Range Resources’ 1Q18 production guidance is ~13% higher compared to its 1Q17 production of 1.93 Bcfe. Sequentially, Range Resources’ 1Q18 production guidance is higher by less than one percentage point compared to its 4Q17 production of 2.17 Bcfe.
For 1Q18, Wall Street analysts expect Range Resources (RRC) to report revenues of ~$695 million. On a YoY (year-over-year) basis, Range Resources’ 1Q18 revenue expectations are ~14% higher compared to its 1Q17 revenues of ~$607 million. Sequentially, Range Resources’ 1Q18 revenue expectations are ~16% higher compared to its 4Q17 revenues of ~$600 million.
Range Resources (RRC) is scheduled to report its 1Q18 earnings on April 25, 2018, after the market closes. For 1Q18, excluding any one-time items, the current consensus net income estimate for Range Resources is ~$105 million. On a YoY (year-over-year) basis, Range Resources is expected to report ~72% higher profits compared to the adjusted net income of ~$61 million in 1Q17. On a sequential basis and excluding any one-time items, Range Resources’ 1Q18 consensus net income estimate is ~91% higher than the profit of ~$55 million in 4Q17.
FORT WORTH, Texas, April 16, 2018-- RANGE RESOURCES CORPORATION today announced that it has renewed and extended its revolving credit facility. The new five-year agreement with a syndicate of twenty-seven ...
Dennis Degner, the SVP based at Southpointe, will continue to oversee operations in the Marcellus and northern Louisiana regions.
Between April 4 and April 11, 2018, our list of natural gas–weighted stocks rose 5.9%. Natural gas May futures fell 1.6% over this period.
FORT WORTH, Texas, April 12, 2018-- RANGE RESOURCES CORPORATION today announced that, effective April 13, 2018, after 42 years in the industry Ray Walker will retire from his position as Executive Vice ...
The natural gas–weighted stocks that could follow oil’s rise based on the past five trading sessions’ correlations with US crude oil May futures were: Southwestern Energy (SWN): 79.4% Cabot Oil & Gas (COG): 77.1% Range Resources (RRC): 64.1% Gulfport Energy (GPOR): 56.4% Chesapeake Energy (CHK): 46.9%
On April 11, 2018, natural gas May futures rose 0.7% and closed at ~$2.68 per MMBtu (million British thermal units). The EIA’s natural gas inventory report on April 12, 2018, is expected to be important for natural gas prices.
Stock Monitor: Resolute Energy Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 11, 2018 / Active-Investors.com has just released a free earnings report on Range Resources Corp. (NYSE: RRC ). If ...
As of April 9, 2018, Southwestern Energy (SWN) had an implied volatility of 59.9%, which is higher than its implied volatility of 58.2% at the end of 4Q17. Last week, SWN’s implied volatility decreased from 66.3% to 59.9% due to a 4% rise in its stock.
Energy Transfer Partners LP's Sunoco Mariner East 1 natural gas liquids pipeline in Pennsylvania will likely remain out of service until late April versus a previous estimate of early April, according ...
Moody's Investors Service, ("Moody's") upgraded WildHorse Resource Development Corporation's ("WildHorse") Corporate Family Rating ("CFR") to B2 from B3 and its Probability ...
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.