Last $78.08 USD
Change Today -0.69 / -0.88%
Volume 554.4K
RRC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 12:17 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

range resources corp (RRC) Snapshot

Open
$78.62
Previous Close
$78.77
Day High
$79.02
Day Low
$78.08
52 Week High
04/24/14 - $95.41
52 Week Low
10/25/13 - $72.54
Market Cap
13.2B
Average Volume 10 Days
1.4M
EPS TTM
$1.28
Shares Outstanding
168.7M
EX-Date
06/12/14
P/E TM
61.1x
Dividend
$0.16
Dividend Yield
0.20%
Current Stock Chart for RANGE RESOURCES CORP (RRC)

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range resources corp (RRC) Details

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company acquires, explores, and develops natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Southwestern regions. The company owns 6,136 net producing wells; and approximately 1.6 million gross acres under lease in the Appalachian region. It also owns 1,538 net producing wells; and approximately 710,000 gross acres under lease in the Southwestern region. In addition, the company owns gas gathering and transportation pipelines. Range Resources Corporation 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, 2013, it had proved reserves of 8.2 Tcfe. 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.

867 Employees
Last Reported Date: 02/26/14
Founded in 1975

range resources corp (RRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
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 Corporation Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014

Range Resources Corporation Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 . Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States.

Range Resources Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Financial and Production Guidance for the Full Year of 2014

Range Resources Corporation reported unaudited earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported natural gas, NGLs and oil sales was $477,517,000, total revenues and other income was $765,524,000, income from operations before income taxes was $289,365,000, net income of $171,389,000 or $1.04 per diluted share against natural gas, NGLs and oil sales was $437,678,000, total revenues and other income was $673,356,000, income from operations before income taxes was $241,477,000, net income of $143,983,000 or $0.88 per diluted share a year ago. Total revenues, as adjusted, non-GAAP was $481,518,000 compared to $426,787,000 a year ago. Net cash provided from operating activities was $260,302,000 compared to $78,640,000 a year ago. Non-GAAP income was $0.36 per diluted share compared to $0.34 per diluted share a year ago. Drilling expenditures of $318,000,000 funded the drilling of 79 (75 net) wells and the completion of previously drilled wells. For the six months, the company reported natural gas, NGLs and oil sales was $1,049,534,000, total revenues and other income was $1,222,866,000, income from operations before income taxes was $340,843,000, net income of $203,910,000 or $1.24 per diluted share against natural gas, NGLs and oil sales was $835,917,000, total revenues and other income was $992,595,000, income from operations before income taxes was $118,687,000, net income of $68,373,000 or $0.42 per diluted share a year ago. Total revenues, as adjusted, non-GAAP was $982,138,000 compared to $846,449,000 a year ago. Net cash provided from operating activities was $441,523,000 compared to $279,889,000 a year ago. Non-GAAP income was $0.82 per diluted share compared to $0.67 per diluted share a year ago. For the quarter, the company reported total production of natural gas was 67,761,616 mcf, NGL was 4,470,854 bbl, oil was 989,609 bbl and gas equivalent was 100,524,394 mcfe against total production of natural gas was 64,926,278 mcf, NGL was 2,115,489 bbl, oil was 864,517 bbl and gas equivalent was 82,806,314 mcfe a year ago. For the six months, the company reported total production of natural gas was 129,779,197 mcf, NGL was 8,942,335 bbl, oil was 2,024,754 bbl and gas equivalent was 195,581,731 mcfe against total production of natural gas was 126,950,234 mcf, NGL was 4,004,913 bbl, oil was 1,777,179 bbl and gas equivalent was 161,642,786 mcfe a year ago. The company is on track with its 2014 capital expenditure budget of $1.52 billion. Production growth for 2014 is now targeted at 25% year-over-year. Average daily production for the third quarter is expected to be approximately 1.20 Bcfe per day, with 30% liquids and fourth quarter production is expected to be approximately 1.35 Bcfe per day, with 30% liquids.

Range Resources Plans to Close a Marcellus Gas Well Wastewater Impoundment

Range Resources announced that it plans to close a Marcellus gas well wastewater impoundment at the center of a two-year legal battle over environmental complaints in Amwell in Washington County. The state Department of Environmental Protection is reviewing the drilling company's plan and expects to respond this week or next. Range submitted a closing plan to the department in March, even though state rules require companies to file plans only before getting a permit to open, not to close an impoundment. The Fort Worth company, which has a headquarters in Cecil, would not say why it decided to close its Yeager impoundment in Amwell, or why it submitted additional plans.

 

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Industry Analysis

RRC

Industry Average

Valuation RRC Industry Range
Price/Earnings 51.7x
Price/Sales 6.2x
Price/Book 4.3x
Price/Cash Flow 15.8x
TEV/Sales 5.0x
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