Range Resources (RRC) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Lomak Petroleum Inc. and changed its name to Range Resources Corporation in August 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

Key Stats

• Today's Range: $35.78 to $36.48
• 50-Day Range: $29.00 to $35.16
• 52-Week Range: $27.29 to $39.33
• Volume: 1.10 million shs
• Average Volume: 2.34 million shs
• Market Capitalization: $8.65 billion
• P/E Ratio: 18.10
• Dividend Yield: 0.89%
• Price Target: $34.94
• Consensus Rating: Hold

Range Resources Stock Analysis - MarketRank™

Range Resources scored higher than 80% of companies evaluated by MarketBeat, and ranked 78th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Range Resources has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 5 buy ratings, 12 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Range Resources has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.00%

Earnings Growth

Earnings for Range Resources are expected to grow by 25.00% in the coming year, from $1.88 to $2.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Range Resources is 18.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Range Resources is 18.12, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.60.

Price to Book Value per Share Ratio

Range Resources has a P/B Ratio of 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.22% of the float of Range Resources has been sold short.

Short Interest Ratio / Days to Cover

Range Resources has a short interest ratio ("days to cover") of 7.1.

Change versus previous month

Short interest in Range Resources has recently increased by 26.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Range Resources has a dividend yield of 0.93%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Range Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Range Resources is 16.16%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Range Resources will have a dividend payout ratio of 13.62% next year. This indicates that Range Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -7.63

Percentage of Shares Shorted

6.22% of the float of Range Resources has been sold short.

Short Interest Ratio / Days to Cover

Range Resources has a short interest ratio ("days to cover") of 7.1.

Change versus previous month

Short interest in Range Resources has recently increased by 26.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.88

News Sentiment

Range Resources has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Range Resources this week, compared to 6 articles on an average week.

Search Interest

Only 2 people have searched for RRC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added Range Resources to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Range Resources insiders have sold 895.75% more of their company's stock than they have bought. Specifically, they have bought $40,112.00 in company stock and sold $399,415.00 in company stock.

Percentage Held by Insiders

Only 1.57% of the stock of Range Resources is held by insiders.

Percentage Held by Institutions

98.93% of the stock of Range Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RRC Stock Analysis - Frequently Asked Questions

How have RRC shares performed this year?

Range Resources' stock was trading at $30.44 at the beginning of the year. Since then, RRC stock has increased by 17.9% and is now trading at $35.88.
View the best growth stocks for 2024 here.

How were Range Resources' earnings last quarter?

Range Resources Co. (NYSE:RRC) posted its earnings results on Tuesday, October, 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.16. Range Resources's revenue was up .9% compared to the same quarter last year.

Who are Range Resources' major shareholders?

Top institutional investors of Range Resources include FMR LLC (11.39%), State Street Corp (3.89%), Geode Capital Management LLC (1.66%) and Canoe Financial LP (1.10%). Insiders that own company stock include David P Poole, Dennis Degner, Mark Scucchi, Dori Ginn, Erin W Mcdowell, Greg G Maxwell, Reginal Spiller, Ashley Kavanaugh and Charles G Griffie.
View institutional ownership trends.

How do I buy shares of Range Resources?

Shares of RRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Range Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Range Resources investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 10/22/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:RRC
• CUSIP: 75281A10
• CIK: 315852
• Web: www.rangeresources.com
• Phone: (817) 870-2601
• Fax: 817-869-9100
• Employees: 540
• Year Founded: 1976

Price Target and Rating

• Average Stock Price Target: $34.94
• High Stock Price Target: $45.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: -0.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.98
• Trailing P/E Ratio: 17.76
• Forward P/E Ratio: 18.60
• P/E Growth: N/A
• Net Income: $871.14 million
• Net Margins: 17.63%
• Pretax Margin: 20.99%
• Return on Equity: 13.69%
• Return on Assets: 7.21%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 0.54
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $3.37 billion
• Price / Sales: 2.51
• Cash Flow: $4.05 per share
• Price / Cash Flow: 8.68
• Book Value: $15.60 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 241,310,000
• Free Float: 235,277,000
• Market Cap: $8.48 billion
• Optionable: Optionable
• Beta: 1.80