Brokers Offer Predictions for Range Resources Q4 Earnings

Range Resources Co. (NYSE:RRC - Free Report) - Equities research analysts at Capital One Financial cut their Q4 2024 earnings per share estimates for shares of Range Resources in a report released on Wednesday, October 23rd. Capital One Financial analyst B. Velie now anticipates that the oil and gas exploration company will earn $0.48 per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Range Resources' current full-year earnings is $1.89 per share. Capital One Financial also issued estimates for Range Resources' Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.62 EPS.

Other analysts also recently issued reports about the stock. Mizuho dropped their price target on shares of Range Resources from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. UBS Group decreased their price target on Range Resources from $30.00 to $27.00 and set a "sell" rating for the company in a research note on Wednesday, September 18th. Piper Sandler downgraded Range Resources from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $43.00 to $31.00 in a research note on Thursday, August 15th. Morgan Stanley decreased their target price on Range Resources from $33.00 to $31.00 and set an "underweight" rating for the company in a research note on Monday, September 16th. Finally, Scotiabank raised Range Resources from a "sector perform" rating to a "sector outperform" rating and set a $45.00 target price on the stock in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.06.

Range Resources Stock Performance

RRC stock traded down $0.11 during trading on Friday, reaching $31.34. 2,973,787 shares of the company's stock were exchanged, compared to its average volume of 2,369,765. Range Resources has a 1-year low of $27.29 and a 1-year high of $39.33. The firm has a market cap of $7.59 billion, a PE ratio of 15.73 and a beta of 1.80. The company's fifty day moving average price is $30.23 and its 200-day moving average price is $33.06. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $615.03 million for the quarter, compared to analyst estimates of $617.90 million. Range Resources had a net margin of 17.63% and a return on equity of 13.73%. Range Resources's revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, September 13th. This represents a $0.32 annualized dividend and a yield of 1.02%. Range Resources's dividend payout ratio (DPR) is presently 16.16%.

Insider Activity

In related news, VP Ashley Kavanaugh sold 12,700 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the completion of the sale, the vice president now directly owns 9,670 shares in the company, valued at approximately $304,121.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.57% of the stock is owned by corporate insiders.

Institutional Trading of Range Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp increased its position in Range Resources by 21.2% in the 2nd quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company's stock worth $57,000 after purchasing an additional 299 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Range Resources by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 6,801 shares of the oil and gas exploration company's stock valued at $228,000 after buying an additional 350 shares in the last quarter. Inscription Capital LLC increased its holdings in Range Resources by 3.6% in the third quarter. Inscription Capital LLC now owns 12,536 shares of the oil and gas exploration company's stock worth $386,000 after buying an additional 433 shares during the last quarter. Orser Capital Management LLC boosted its holdings in Range Resources by 1.0% in the third quarter. Orser Capital Management LLC now owns 53,993 shares of the oil and gas exploration company's stock worth $1,661,000 after purchasing an additional 550 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Range Resources by 6.0% in the second quarter. Pekin Hardy Strauss Inc. now owns 10,650 shares of the oil and gas exploration company's stock worth $357,000 after buying an additional 600 shares during the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.