Q4 EPS Estimates for Range Resources Cut by Analyst

Range Resources Co. (NYSE:RRC) – Stock analysts at Capital One Financial cut their Q4 2024 earnings per share estimates for shares of Range Resources in a research report issued to clients and investors on Wednesday, October 23rd. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.52. The consensus estimate for Range Resources’ current full-year earnings is $1.89 per share. Capital One Financial also issued estimates for Range Resources’ Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.62 EPS.

RRC has been the topic of several other research reports. Morgan Stanley reduced their price objective on Range Resources from $33.00 to $31.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Wolfe Research started coverage on Range Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Scotiabank upgraded Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, August 20th. Barclays upgraded shares of Range Resources from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $35.00 to $34.00 in a research report on Wednesday, October 2nd. Finally, Susquehanna lowered their price target 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, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.06.

Range Resources Price Performance

Shares of RRC stock opened at $31.34 on Friday. Range Resources has a 1 year low of $27.29 and a 1 year high of $39.33. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $30.25 and its 200-day moving average is $33.03. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.83 and a beta of 1.80.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The business had revenue of $615.03 million during the quarter, compared to analysts’ expectations of $617.90 million. Range Resources had a return on equity of 13.73% and a net margin of 17.63%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share.

Institutional Trading of Range Resources

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Range Resources by 191.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,081 shares of the oil and gas exploration company’s stock worth $485,000 after acquiring an additional 9,243 shares during the period. State of Michigan Retirement System raised its stake in shares of Range Resources by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 59,286 shares of the oil and gas exploration company’s stock valued at $2,041,000 after purchasing an additional 1,400 shares during the period. Tradewinds Capital Management LLC acquired a new position in shares of Range Resources during the first quarter worth about $138,000. Norden Group LLC boosted its position in shares of Range Resources by 1,599.9% during the first quarter. Norden Group LLC now owns 149,697 shares of the oil and gas exploration company’s stock worth $5,154,000 after buying an additional 140,891 shares during the period. Finally, Warther Private Wealth LLC bought a new position in shares of Range Resources during the first quarter worth about $3,224,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Ashley Kavanaugh sold 12,700 shares of Range Resources stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $31.45, for a total transaction of $399,415.00. Following the transaction, the vice president now owns 9,670 shares in the company, valued at $304,121.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.57% of the company’s stock.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. Range Resources’s payout ratio is 16.16%.

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.