RANGE RESOURCES CORPORATION (NYSE:RRC) is now trading -60.21% off 52-week high price. On the other end, the stock has been noted 48.16% away from the low price over the last 52-weeks. The stock changed 5.69% to recent value of $4.83. The stock transacted 11380912 shares during most recent day however it has an average volume of 11.09M shares. The company has 246.95M of outstanding shares and 217.97M shares were floated in the market.
On Jan. 10, 2020, RANGE RESOURCES CORPORATION (NYSE:RRC) reported that it has priced at par an offering of $550 million aggregate principal amount of senior notes due 2026 (the notes), which will carry an interest rate of 9.25%. Range expects that the net proceeds of the offering will be approximately $541.6 million. The size of the offering was increased from the previously announced $500 million to $550 million.
On January 8, 2020, Range also commenced tender offers to purchase for cash (the Tender Offers), subject to certain conditions, up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021, 5.875% senior notes due 2022 and 5.000% senior notes due 2022 (collectively, the Target Notes). Range intends to use the net proceeds from the offering to purchase Target Notes in the Tender Offers, including fees and expenses incurred in connection therewith, with the remainder of the net proceeds to be used to repay borrowings under its bank credit facility.
Range expects to close the sale of the notes on January 24, 2020, subject to the satisfaction of customary closing conditions.
The notes have not been registered under the Securities Act of 1933, as amended (the Securities Act) or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The notes were offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S under the Securities Act.
Its earnings per share (EPS) expected to touch remained -72.60% for this year. RRC has a gross margin of 75.90% and an operating margin of 6.10% while its profit margin remained 3.00% for the last 12 months.
According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.36% from the mean of 20 days, 13.81% from mean of 50 days SMA and performed -17.66% from mean of 200 days price. Company’s performance for the week was 7.57%, 16.67% for month and YTD performance remained -0.41%.
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