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FT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Wednesday reported a third-quarter loss of $300.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Ft Worth, Texas-based company said it had a loss of $1.81. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The independent oil and gas company posted revenue of $415.9 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $392.4 million.
Range Resources shares have declined 46 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1.5 percent. In the final minutes of trading on Wednesday, shares hit $28.83, a decrease of 57 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at http://www.zacks.com/ap/RRC
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Keywords: Range Resources, Earnings Report
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Range Resources Ltd
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EXPLORATION STAGE |
CODE : RRS.AX |
ISIN : AU000000RRS3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Range Res. is a gold exploration company based in Australia. Range Res. holds various exploration projects in Australia. Its main exploration properties are CORACHAPI in Peru and DONNYBROOK in Australia. Range Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 7.6 millions as of today (US$ 5.2 millions, € 4.7 millions). Its stock quote reached its highest recent level on March 11, 2011 at AU$ 0.38, and its lowest recent point on November 22, 2019 at AU$ 0.00. Range Res. has 7 595 830 272 shares outstanding. |