Investing.com - Range Resources reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Range Resources announced earnings per share of $1.27 on revenue of $1.22B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $957.95M.
Range Resources shares are up 78.52% from the beginning of the year and are trading at $31.83 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Range Resources follows other major Energy sector earnings this month
Range Resources's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.5 on revenue of $6.77B, compared to forecasts EPS of $0.3995 on revenue of $6.28B.
Kinder Morgan had missed expectations on Wednesday with second quarter EPS of $0.27 on revenue of $5.15B, compared to forecast for EPS of $0.2738 on revenue of $3.91B.
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