Range Resources Corporation Stock Buy Recommendation Reiterated (RRC)
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- The revenue growth greatly exceeded the industry average of 2.7%. Since the same quarter one year prior, revenues rose by 32.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry average. The net income increased by 8.5% when compared to the same quarter one year prior, going from $51.29 million to $55.68 million.
- The gross profit margin for RANGE RESOURCES CORP is currently very high, coming in at 81.30%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 12.50% is above that of the industry average.
- RANGE RESOURCES CORP has improved earnings per share by 21.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, RANGE RESOURCES CORP reported lower earnings of $0.25 versus $0.55 in the prior year. This year, the market expects an improvement in earnings ($0.68 versus $0.25).
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, RANGE RESOURCES CORP's return on equity significantly trails that of both the industry average and the S&P 500.
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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