Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Range Resources Corp.    RRC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Range Resources : turns a profit, anticipates more spending

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2017 | 10:16pm CEST

April 25--Range Resources Corp., a Texas-based oil and gas company and one of the most prolific producers in southwestern Pennsylvania, reported its first quarter of profit in two years.

The company swung from a loss of $94 million, or 56 cents per share, during the first three months of last year to a profit of $170 million, or 69 cents per share during the past quarter.

Revenue was $777 million, compared with $331 a year ago.

After two years of cutting its capital spending, Range is ready to ramp up again, the company said. This year, it plans to spend $1.15 billion, mostly on drilling and fracking wells, with 65 percent of that allocated to the Marcellus Shale in Pennsylvania and the rest to the Terryville Field in Louisiana.

Range saw an increase in the price of natural gas and liquids that it was able to fetch for its products during the past quarter. The average realized price was $2.17 per thousand cubic feet, a increase from $1.54 for the same three months last year.

The company said that by the end of this year, more than 90 percent of its oil and gas will be sold in markets outside of Appalachia; products sold here are discounted compared to markets in the Gulf Coast, southwestern U.S., Midwest and international destinations.

Anya Litvak: [email protected] or 412-263-1455.

___

(c)2017 the Pittsburgh Post-Gazette

Visit the Pittsburgh Post-Gazette at www.post-gazette.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RANGE RESOURCES CORP.
04/25 RANGE RESOURCES : turns a profit, anticipates more spending
04/25 RANGE RESOURCES CORPORATION (NYSE : RRC) Files An 8-K Results of Operations and ..
04/25 RANGE RESOURCES CORP : Results of Operations and Financial Condition, Financial ..
04/25 RANGE RESOURCES CORP. (NYSE : RRC) reported earnings of $0.25 per share beating ..
04/24 RANGE RESOURCES : beats Street 1Q forecasts
04/24 RANGE RESOURCES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AN..
04/24 Range Announces First Quarter 2017 Financial Results
04/14 RANGE RESOURCES : Thieves disrupt services
04/09 RICE ENERGY : Southpointe's Corporate Cup
04/06 RANGE RESOURCES : Mt. Pleasant supervisors to consider new well pad
More news
Sector news : Oil & Gas Exploration and Production - NEC
08:39p CENOVUS ENERGY : first-quarter profit overshadowed by ConocoPhillips concerns
04/25 TSX posts two-month high as energy, lumber shares rally
04/25 CONOCOPHILLIPS : Cenovus shareholder seeks to halt purchase of ConocoPhillips as..
04/25 CANADIAN NATURAL RESOURCES : Inter Pipeline says Alberta crude oil leak came fro..
04/21 TSX ends lower as banks weigh, energy shrugs off oil fall
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
04/25 Range Resources Corporation 2017 Q1 - Results - Earnings Call Slides
04/24 Range Resources beats by $0.06, beats on revenue
04/23 Notable earnings after Monday?s close
04/20 GNC : Kicking Hornets Nests
04/20 One Reason Why Natural Gas Stock Are Sucking Wind
Advertisement
Financials ($)
Sales 2017 2 415 M
EBIT 2017 564 M
Net income 2017 187 M
Debt 2017 3 997 M
Yield 2017 0,34%
P/E ratio 2017 38,18
P/E ratio 2018 25,71
EV / Sales 2017 4,48x
EV / Sales 2018 3,69x
Capitalization 6 824 M
More Financials
Chart RANGE RESOURCES CORP.
Duration : Period :
Range Resources Corp. Technical Analysis Chart | RRC | US75281A1097 | 4-Traders
Full-screen chart
Technical analysis trends RANGE RESOURCES C...
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 42,8 $
Spread / Average Target 55%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey L. Ventura Chairman, President & Chief Executive Officer
Ray N. Walker Chief Operating Officer & Executive Vice President
Roger S. Manny Chief Financial Officer & Executive Vice President
Allen Finkelson Independent Director
Kevin S. McCarthy Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RANGE RESOURCES CORP.-20.75%6 824
CONOCOPHILLIPS-4.45%60 356
EOG RESOURCES INC-5.77%54 986
CNOOC LTD-6.42%52 106
OCCIDENTAL PETROLEUM C..-12.26%47 786
WILLIAMS PARTNERS LP7.34%40 427
More Results