Range Resources Co. (NYSE:RRC - Free Report) - Analysts at Zacks Research decreased their Q4 2024 EPS estimates for Range Resources in a research note issued on Wednesday, November 27th. Zacks Research analyst R. Department now expects that the oil and gas exploration company will post earnings of $0.41 per share for the quarter, down from their previous estimate of $0.43. The consensus estimate for Range Resources' current full-year earnings is $1.90 per share. Zacks Research also issued estimates for Range Resources' Q1 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.70 EPS and FY2025 earnings at $2.25 EPS.
RRC has been the subject of several other reports. Mizuho reduced their price objective on Range Resources from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. 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. Bank of America began coverage on shares of Range Resources in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Range Resources from $37.00 to $31.00 and set an "underweight" rating on the stock in a research report on Thursday, September 12th. Finally, Susquehanna cut their target price on shares of Range Resources from $36.00 to $31.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $35.00.
Check Out Our Latest Report on Range Resources
Shares of Range Resources stock opened at $35.74 on Monday. The firm's 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $32.55. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 18.05 and a beta of 1.80. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources has a 12-month low of $27.29 and a 12-month high of $39.33.
Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates 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 13.69%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 13th. Range Resources's dividend payout ratio is currently 16.16%.
In other Range Resources news, Director Charles G. Griffie purchased 1,275 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $31.46 per share, with a total value of $40,111.50. Following the completion of the acquisition, the director now owns 5,921 shares in the company, valued at $186,274.66. The trade was a 27.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ashley Kavanaugh sold 12,700 shares of Range Resources stock in a transaction that occurred on Monday, September 23rd. The stock was 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 owns 9,670 shares of the company's stock, valued at $304,121.50. This trade represents a 56.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in Range Resources by 906.5% in the first quarter. Cetera Investment Advisers now owns 89,940 shares of the oil and gas exploration company's stock worth $3,097,000 after buying an additional 81,004 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Range Resources by 4.4% during the first quarter. Cetera Advisors LLC now owns 15,720 shares of the oil and gas exploration company's stock valued at $541,000 after purchasing an additional 665 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Range Resources by 20.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,529 shares of the oil and gas exploration company's stock valued at $118,000 after purchasing an additional 608 shares during the period. Harbor Capital Advisors Inc. increased its stake in Range Resources by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,555 shares of the oil and gas exploration company's stock worth $287,000 after purchasing an additional 6,243 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Range Resources during the 2nd quarter worth about $67,000. Institutional investors own 98.93% of the company's stock.
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.
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