Range Resources Corporation (NYSE:RRC)
Range Resources Corporation is a leading U.S. independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachia Basin and Northern Louisiana. Range Resources Corporation’s strategy to achieve business objective is to increase reserves and production through internally generated drilling projects coupled with occasional complementary acquisitions and divestitures of non-core assets. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.
Range Resources Corporation (NYSE:RRC)’s Financial Overview
Range Resources Corporation (NYSE) surged 0.52% yesterday to close its trading session at $11.5. The company has 1 year Price Target of $17.63. Range Resources Corporation has 52-Week high of $18.6 and 52-Week Low of $9.22. The stock touched its 52-Week High on 18.59 and 52-Week Low on 9.22. The stock traded with the volume of 5.35 Million shares yesterday. The firm shows the market capitalization of $2.85 Billion.
Range Resources Corporation (NYSE) reported its last quarterly earnings on 9/29/2018 where the firm reported its Actual EPS of $0.26/share against the analyst consensus estimate of $0.18/share. The difference between the actual and expected EPS is $0.08 a share with a surprise factor of 44.4%.
The firm is trading with SMA20 of 6.46 Percent, SMA50 of -16.92 Percent and SMA200 of -24.75 percent. Range Resources Corporation has P/S value of 0.95 while its P/B value stands at 0.49. Similarly, the company has Return on Assets of 0.6 percent, Return on Equity of 1.2 percent and Return on Investment of -0.4 Percent. The company shows Gross Margin and Operating Margin of 83.1 percent and 17.5 percent respectively.
The Stock currently has Analyst’ mean Recommendation of 2.5 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.
The 31 analysts offering 12-month price forecasts for Range Resources Corp have a median target of 19.00, with a high estimate of 40.00 and a low estimate of 12.00. The median estimate represents a +65.22% increase from the last price of 11.50.
Range Resources Corporation is estimated to report earnings on 02/26/2019. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 11 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.22.
Occidental Petroleum Corporation (NYSE:OXY)
Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental’s wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company’s worldwide operations. Occidental strategy relies on increasing production through developing conventional and unconventional fields. Occidental is a worldwide leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-recover reserves.
Occidental Petroleum Corporation (NYSE:OXY)’s Financial Outlook
The 25 analysts offering 12-month price forecasts for Occidental Petroleum Corp have a median target of 80.00, with a high estimate of 96.00 and a low estimate of 62.00. The median estimate represents a +20.81% increase from the last price of 66.22.
Occidental Petroleum Corporation is expected* to report earnings on 02/12/2019 after market close. The report will be for the fiscal Quarter ending Dec 2018. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.16. The reported EPS for the same quarter last year was $0.41.
According to Zacks Investment Research, Occidental Petroleum Corporation has a Consensus Recommendation of 1.6. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).
The Stock surged 0.05% and closed its last trading session at $66.22. The company has the market capitalization of $49.97 Billion. The stock has 52-week high of $87.67 and 52-Week low of $56.83. The firm touched its 52-Week high on 87.67 and 52-Week low on 56.83. The company has volume of 3.89 Million shares. The company has a total of 754.68 Million shares outstanding.
Occidental Petroleum Corporation (NYSE) in the last quarter reported its actual EPS of $1.77/share where the analyst estimated EPS was $1.54/share. The difference between the actual and Estimated EPS is $0.23. This shows a surprise factor of 14.9 percent.
The company has YTD performance of 7.89 percent. Beta for Occidental Petroleum Corporation stands at 0.92 while its ATR (average true range) is 2.06. The company has Weekly Volatility of 2.26%% and Monthly Volatility of 3.17%%.
Occidental Petroleum Corporation has distance from 20-day Simple Moving Average (SMA20) of 5.49%, Distance from 50-Day Simple Moving Average of -1.4 percent and Distance from 200-Day Simple Moving Average of -13.28%.
The Company currently has ROA (Return on Assets) of 9 percent, Return on Equity (ROE) of 18.7 Percent and Return on Investment (ROI) of 2.2% with Gross margin of 64.5 percent and Operating & Profit margin of 23.5% and 23.3% respectively.