Range Resources Corporation (RRC) is expected to report Q2 earnings after market close Wednesday, July 23, with a conference call scheduled for Thursday, July 24 at 1:00 pm ET.

Guidance

Analysts are expecting a profit of 54c on revenue of $316.88M. The consensus range for EPS is 42c to 65c, with a revenue range of $282.4M to $350.0M, according to First Call.

Analyst Views

Range Resources is trading a little over $56, down over -3% in anticipation of its earnings release tonight, despite positive recent analyst comments. On July 18, Stifel Nicolaus upgraded the company to Buy from Hold on valuation, with a price target of $84. On June 23, Jefferies reiterated its Buy rating and $86 target, attributing the recent share weakness to concerns over the Marcellus production ramp and potential Barnett delays. The firm believes Range Resources should be less impacted by water issues in Pennsylvania and that the Barnett delays are not significant enough to affect Q2 production guidance.