Edition:
United States

Range Resources Corp (RRC.N)

RRC.N on New York Stock Exchange

39.65USD
26 Aug 2016
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$-0.47 (-1.17%)
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Latest Key Developments (Source: Significant Developments)

Range Resources Corp to add new independent director to board
Monday, 8 Aug 2016 06:00am EDT 

Range Resources Corp : Range Resources Corporation to add new independent director to board . Sailingstone confirms its intention to support proposed merger with Memorial Resource Development Corp . With this appointment Range's board will be expanded from 9 to 11 directors . Sailingstone agreed to vote all of its shares in support of company's proposed transaction with Memorial Resource Development Corp .In addition, Sailingstone also agreed to vote for Range's slate of director nominees, which shall include newly appointed director.  Full Article

Range Resources reports Q2 NON-GAAP loss per share of $0.14
Tuesday, 26 Jul 2016 04:31pm EDT 

Range Resources Corp : Range announces second quarter 2016 results . Reports Q2 2016 non-gaap loss per share $0.14 . Range Resources Corp says GAAP revenues for Q2 2016 totaled $102 million (a 58% decrease compared to Q2 2015) . Q2 earnings per share view $-0.20 -- Thomson Reuters I/B/E/S . Proposed merger with memorial is on track, with closing estimated to occur late in Q3 . Non-Gaap revenues for Q2 2016 totaled $363 million (a 10% decrease compared to Q2 2015) . Production for Q3 of 2016 is expected to be approximately 1,430 mmcfe per day with 32% to 35% liquids . Expects to average three rigs running for second half of 2016 . Production for entire 2016 year remains at high-end of previous guidance to average 1,410 to 1,420 mmcfe per day . Expects to average three rigs running for second half of 2016. . Is on target with its $495 million capital budget for 2016 . Q2 non-gaap loss per share $0.14 .Production for entire 2016 year remains at high-end of previous guidance to average 1,410 to 1,420 mmcfe/day.  Full Article

Sailingstone Capital reports 10.84 pct stake in Range Resources
Monday, 20 Jun 2016 05:27pm EDT 

Range Resources Corp :Sailingstone Capital Partners Llc reports a 10.84 percent stake in Range Resources Corp as of June 20, 2016 - SEC filing.  Full Article

Range Resources declares Q2 cash dividend of $0.02 on its common stock
Wednesday, 1 Jun 2016 06:00am EDT 

Range Resources Corp :Declared a quarterly cash dividend of $0.02 on its common stock for q2.  Full Article

Range Resources reports 47.6 pct stake in Memorial Resource Development
Tuesday, 24 May 2016 05:17pm EDT 

Range Resources Corp :Range Resources Corporation reports 47.6 percent stake in Memorial Resource Development Corp, as of May 15, 2016 - SEC filing.  Full Article

Range Resources says may be required to pay MRD termination fee of $125 mln or $300 mln
Thursday, 19 May 2016 06:21am EDT 

Range Resources Corp : Upon termination of merger agreement, either party may be required to make expense reimbursement payment of $25 million to other party . In certain other circumstances, MRD may be required to pay range a termination fee of $75 million .In certain other circumstances, Range may be required to pay MRD a termination fee of either $125 million or $300 million.  Full Article

Range Resources says deal to increase pro forma margins by about $0.45/MCFE for 2016 - conf call
Monday, 16 May 2016 10:12am EDT 

Range Resources Corp : Says Has Liquidity In Hand "To Take Care Of Whatever Might Arise On The Debt Side Of The Balance Sheet" - Conf call . Deal to increase pro forma margins by about $0.45 per MCFE for 2016 based on consensus estimates - Conf Call Further company coverage: [MRD.O RRC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Range Resources to buy Memorial Resource for $4.4 bln
Monday, 16 May 2016 06:00am EDT 

Memorial Resource Development Corp : Range Resources Corporation announces merger with Memorial Resource Development Corp . Deal for $4.4 billion . MRD shareholders will receive 0.375 shares of range common stock for each share of mrd common stock held . Deal valuation includes assumption of MRD's net debt, which was $1.1 billion as of March 31, 2016 . Boards of directors of both companies have unanimously approved terms of agreement . Says MRD will have right to nominate an independent director from mrd to a seat on range's board . Following transaction, shareholders of MRD are expected to own approximately 31% of outstanding shares of range . Based on range closing price on May 13, 2016, transaction has an implied value to MRD shareholders of $15.75 per share . MRD will have right to nominate an independent director from MRD to a seat on Range's board . Range to acquire all of outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion .Range resources CEO says, "transaction is also accretive to our cash flow".  Full Article

Range Resources Corp announces closing of Nora asset sale
Wednesday, 30 Dec 2015 04:42pm EST 

Range Resources Corp:Announced that it has completed the sale of its Nora assets.  Full Article

Range Resources Corporation Declares Quarterly Dividend
Wednesday, 2 Dec 2015 06:00am EST 

Range Resources Corporation:declared a quarterly cash dividend on its common stock for the fourth quarter.dividend of $0.04 per common share is payable on December 31, 2015 to stockholders of record at the close of business on December 15, 2015.  Full Article

BRIEF-Range Resources sees growth rate post merger to be 30 plus pct in 2017- call

* Growth rate after merger with Memorial Resource is expected to be 30 plus percent in 2017- call Source text for Eikon: Further company coverage: