Roth Capital Boosts Earnings Estimates for Range Resources

Range Resources Co. (NYSE:RRC - Free Report) - Research analysts at Roth Capital increased their Q4 2024 EPS estimates for shares of Range Resources in a research note issued on Tuesday, February 11th. Roth Capital analyst L. Mariani now expects that the oil and gas exploration company will post earnings per share of $0.62 for the quarter, up from their previous forecast of $0.53. The consensus estimate for Range Resources' current full-year earnings is $2.03 per share.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Range Resources to a "sell" rating in a research report on Wednesday, November 27th. Truist Financial lifted their price target on shares of Range Resources from $31.00 to $35.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Scotiabank downgraded shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price target for the company. in a research report on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of Range Resources from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Bank of America raised shares of Range Resources from a "neutral" rating to a "buy" rating and lifted their price target for the company from $34.00 to $45.00 in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $38.78.

Range Resources Trading Up 0.8 %

Shares of RRC stock traded up $0.31 during trading hours on Friday, hitting $38.98. 2,047,262 shares of the company were exchanged, compared to its average volume of 2,606,570. The firm has a market cap of $9.41 billion, a P/E ratio of 19.69 and a beta of 1.77. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The company has a 50 day simple moving average of $37.36 and a two-hundred day simple moving average of $33.48.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources's payout ratio is 16.16%.

Institutional Investors Weigh In On Range Resources

A number of hedge funds have recently made changes to their positions in RRC. Brooklyn Investment Group bought a new stake in shares of Range Resources during the 3rd quarter worth $25,000. Smartleaf Asset Management LLC raised its stake in shares of Range Resources by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company's stock worth $37,000 after purchasing an additional 471 shares during the period. UMB Bank n.a. raised its stake in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company's stock worth $41,000 after purchasing an additional 426 shares during the period. Headlands Technologies LLC bought a new stake in shares of Range Resources during the 4th quarter worth $42,000. Finally, Blue Trust Inc. raised its stake in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company's stock worth $46,000 after purchasing an additional 705 shares during the period. 98.93% of the stock is currently owned by 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.