FY2025 EPS Estimates for Range Resources Lowered by Analyst

Range Resources Co. (NYSE:RRC - Free Report) - Research analysts at Capital One Financial decreased their FY2025 EPS estimates for Range Resources in a research note issued on Wednesday, February 12th. Capital One Financial analyst B. Velie now anticipates that the oil and gas exploration company will post earnings per share of $3.20 for the year, down from their previous estimate of $3.21. The consensus estimate for Range Resources' current full-year earnings is $2.03 per share.

Other equities research analysts have also issued research reports about the stock. Bank of America upgraded shares of Range Resources from a "neutral" rating to a "buy" rating and raised their price target for the company from $34.00 to $45.00 in a research note on Monday, January 13th. UBS Group raised their price target on shares of Range Resources from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Scotiabank lowered shares of Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price objective on the stock. in a research note on Friday, January 17th. Piper Sandler raised their price objective on shares of Range Resources from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Stephens raised their price objective on shares of Range Resources from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $38.78.

Range Resources Stock Performance

Shares of NYSE:RRC traded up $0.31 during trading hours on Friday, hitting $38.98. The stock had a trading volume of 2,047,262 shares, compared to its average volume of 2,606,570. The stock's fifty day simple moving average is $37.36 and its 200 day simple moving average is $33.48. Range Resources has a 1-year low of $27.29 and a 1-year high of $41.95. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 19.69 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources Dividend Announcement

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

Hedge Funds Weigh In On Range Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RRC. Brooklyn Investment Group acquired a new position in Range Resources in the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its stake in Range Resources by 87.1% in 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. boosted its stake in Range Resources by 59.0% in 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 acquired a new position in Range Resources in the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. boosted its stake in Range Resources by 107.8% in 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. Institutional investors and hedge funds own 98.93% of the company's stock.

About Range Resources

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.