Last $49.54 USD
Change Today -1.28 / -2.52%
Volume 3.1M
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

range resources corp (RRC) Snapshot

Open
$51.42
Previous Close
$50.82
Day High
$51.74
Day Low
$49.32
52 Week High
04/24/14 - $95.41
52 Week Low
01/30/15 - $44.17
Market Cap
8.4B
Average Volume 10 Days
2.9M
EPS TTM
$2.03
Shares Outstanding
168.9M
EX-Date
12/11/14
P/E TM
24.4x
Dividend
$0.16
Dividend Yield
0.32%
Current Stock Chart for RANGE RESOURCES CORP (RRC)

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range resources corp (RRC) Details

Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Midcontinent regions. The company owns 7,582 net producing wells and approximately 1.4 million net acres under lease in the Appalachian region; and 653 net producing wells and approximately 383,000 net acres under lease in the Midcontinent region. In addition, it provides gas gathering and transportation from southwestern and northeastern Pennsylvania. The company sells natural gas to utilities, marketing and mid-stream 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, 2014, it had proved reserves of 10.3 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.

990 Employees
Last Reported Date: 02/24/15
Founded in 1975

range resources corp (RRC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $864.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $453.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $446.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $371.5K
Compensation as of Fiscal Year 2013.

range resources corp (RRC) Key Developments

Range Resources Announces Unaudited Consolidated Earnings Results and Production for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure and Production Guidance for the Full Year of Fiscal 2015; Announces Impairment Charges

Range Resources announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. GAAP revenues for the fourth quarter of 2014 totaled $872 million, an increase of 104% as compared to $428.1 million reported in the fourth quarter 2013. GAAP net cash provided from operating activities including changes in working capital reached $299 million, an increase of 24% as compared to $240.7 million reported in the fourth quarter 2013. GAAP earnings were $284 million or $1.68 per diluted share versus earnings of $28 million or $0.17 per diluted share reported in the p rior-year quarter. Non-GAAP revenues for fourth quarter 2014 totaled $519 million, an increase of 13% compared to $460.7 million reported in the fourth quarter 2013 and cash flow from operations before changes in working capital, a non-GAAP measure, reached $273 million against $252.5 million reported last year. Adjusted net income comparable to analysts' estimates, a non-GAAP measure, was $65 million or $0.39 per diluted share for the fourth quarter 2014 against $68.3 million or $0.42 per diluted share reported last year. Fourth quarter drilling expenditures of $410 million funded the drilling of 62 (57 net) wells. Income before income taxes was $450.1 million against loss before income taxes of $0.15 million reported last year. GAAP revenues for 2014 totaled $2.7 billion, an increase of 46% compared to $1.9 billion reported in the year 2013. GAAP net cash provided from operating activities including changes in working capital reached $954 million, an increase of 28% compared to $743.5 million reported in 2013. GAAP earnings were $634 million or $3.79 per diluted share versus $116 million or $0.70 per diluted share reported in the year 2013. Non-GAAP revenues for 2014 totaled $2.0 billion, an increase of 14% compared to $1.7 billion reported in 2013. Non-GAAP cash flow from operations before changes in working capital, a non-GAAP measure, reached $1.0 billion, an increase of 10% compared to $943.3 million reported in 2013. Adjusted net income comparable to analysts' estimates, a non-GAAP measure, was $260 million or $1.58 per diluted share against $233.8 million or $1.45 per diluted share reported last year. Drilling expenditures for 2014 totaled $1.3 billion. Income before income taxes was $1,030.9 million against $149.6 million reported last year. Production growth for 2015 is targeted at 20% year-over-year. Production for the first quarter of 2015 is expected to be approximately 1.30 Bcfe per day. The company provided capital expenditure guidance for the full year of fiscal 2015. Range has set its 2015 capital spending budget at $870 million, a decrease of 46% compared to 2014. The capital budget includes $742 million for drilling and recompletions, $81 million for leasehold and renewals, $42 million for pipelines and facilities and $5 million for seismic. For the quarter, the company also reported impairment of proved property and other assets of $3.03 million. For the quarter, the company reported natural gas production of 81,481,720 mcf compared to 69,553,207 mcf reported in the same period last year. Production of NGL was 4,943,309 bbl against 2,887,548 bbl reported last year. Production of oil was 1,059,514 bbl against 1,032,299 bbl reported last year. Production of gas equivalent was 117,498,658 mcfe against 93,072,289 mcfe reported last year. For the year, the company reported natural gas production of 286,926,099 mcf compared to 264,528,254 mcf reported in the same period last year. Production of NGL was 18,820,526 bbl against 9,254,801 bbl reported last year. Production of oil was 4,069,568 bbl against 3,827,491 bbl reported last year. Production of gas equivalent was 424,266,663 mcfe against 343,022,006 mcfe reported last year.

Range Resources Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 08:20 AM

Range Resources Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 08:20 AM. Venue: Loews Hotel, Miami Beach, Florida, United States.

Range Resources Corporation to Report Q4, 2014 Results on Feb 24, 2015

Range Resources Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 24, 2015

 

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Industry Analysis

RRC

Industry Average

Valuation RRC Industry Range
Price/Earnings 13.1x
Price/Sales 4.0x
Price/Book 2.4x
Price/Cash Flow 6.6x
TEV/Sales 2.6x
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