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Range Resources Corp (RRC)
NYSE:RRC
Holding RRC?
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RRC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.29 - $39.33
Previous Close$29.52
Volume1.75M
Average Volume (3M)2.12M
Market Cap
$7.15B
Enterprise Value$7.65B
Total Cash (Recent Filing)$251.05M
Total Debt (Recent Filing)$751.99M
Price to Earnings (P/E)15.1
Beta0.65
Next Earnings
Oct 22, 2024EPS Estimate
$0.45Last Dividend Ex-Date
Sep 13, 2024Dividend Yield1.1%
Share Statistics
EPS (TTM)1.96
Shares Outstanding242,089,178
10 Day Avg. Volume1,897,295
30 Day Avg. Volume2,124,468
Standard Deviation0.26
R-Squared0.13
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)1.85
Price to Sales (P/S)3.06
Price to Cash Flow (P/CF)11.80
P/FCF Ratio118.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.26
Enterprise Value/Gross Profit2.41
Enterprise Value/Ebitda7.25
Forecast
1Y Price Target
$36.13Price Target Upside22.35% Upside
Rating ConsensusHold
Number of Analyst Covering18
Range Resources News
PremiumPress Releases
Range Declares Quarterly Dividend
PremiumCompany Announcements
Range Resources Board Member Steven Gray Announces Retirement
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRRC delivered solid Q2 results and improved FY24 guidance, backed by strong well performance, efficiency gains, and favorable LPG pricing.
Production And Cost ManagementRRC is guiding to the high end of its annual production range while maintaining capex guidance and reducing operating expenses, indicating efficient operations and potential for increased free cash flow.
Shareholder ReturnsRRC retired $48 million of debt and repurchased $20 million worth of shares, signaling a strong financial position and commitment to returning capital to shareholders.
Bears Say
EarningsThe company is expected to report an EBITDA that is approximately 2% below consensus.
Financial PerformanceDespite positive results, the company has the highest EV/EBITDA multiple in its peer group with average free cash flow yield and below average capital returns.
ValuationThe stock is trading at a premium valuation.
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Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
RRC FAQ
What was Range Resources Corp’s price range in the past 12 months?
Range Resources Corp lowest stock price was $27.29 and its highest was $39.33 in the past 12 months.
What is Range Resources Corp’s market cap?
Currently, no data Available
When is Range Resources Corp’s upcoming earnings report date?
Range Resources Corp’s upcoming earnings report date is Oct 22, 2024 which is in 33 days.
How were Range Resources Corp’s earnings last quarter?
Range Resources Corp released its earnings results on Jul 23, 2024. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.419 by $0.041.
Is Range Resources Corp overvalued?
According to Wall Street analysts Range Resources Corp’s price is currently Undervalued.
Does Range Resources Corp pay dividends?
Range Resources Corp pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 1.1%. See more information on Range Resources Corp dividends here
What is Range Resources Corp’s EPS estimate?
Range Resources Corp’s EPS estimate is $0.45.
How many shares outstanding does Range Resources Corp have?
Range Resources Corp has 242,089,170 shares outstanding.
What happened to Range Resources Corp’s price movement after its last earnings report?
Range Resources Corp reported an EPS of $0.46 in its last earnings report, beating expectations of $0.419. Following the earnings report the stock price went down -3.939%.
Which hedge fund is a major shareholder of Range Resources Corp?
Among the largest hedge funds holding Range Resources Corp’s share is Kopernik Global Investors, Llc. It holds Range Resources Corp’s shares valued at 76M.
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Range Resources Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$36.13 (22.35% Upside)
$36.13 (22.35% Upside)
Blogger Sentiment
Bullish
RRC Sentiment 83%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 1.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.3%
Last 30 Days ▲ 7.5%
Last 30 Days ▲ 7.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-6.89%
12-Months-Change
Fundamentals
Return on Equity
13.10%
Trailing 12-Months
Asset Growth
7.01%
Trailing 12-Months
Company Description
Range Resources Corp
Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX.
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RRC Company Deck
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RRC Earnings Call
Q2 2024
0:00 / 0:00
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RRC Revenue Breakdown
48.34% Natural gas sales
36.57% NGLs sales
7.66% Sales of purchased natural gas
6.52% Oil and condensate sales
0.90% Other
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RRC Stock 12 Month Forecast
Average Price Target
$36.13
▲(22.35% Upside)
Technical Analysis
Best Analysts Covering RRC
1 Year
1 Year Success Rate
10/14 ratings generated profit
1 Year Average Return
+11.07%
assigned a buy rating 5 months ago
Copying Derrick Whitfield's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +11.07% per trade.
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