Range Resources Q4 EPS Lifted by Capital One Financial

Range Resources Co. (NYSE:RRC) – Investment analysts at Capital One Financial raised their Q4 2024 earnings estimates for Range Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will post earnings per share of $0.49 for the quarter, up from their prior estimate of $0.48. The consensus estimate for Range Resources’ current full-year earnings is $1.91 per share. Capital One Financial also issued estimates for Range Resources’ Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.83 EPS and FY2025 earnings at $3.22 EPS.

Several other research firms also recently weighed in on RRC. Morgan Stanley dropped their target price on shares of Range Resources from $33.00 to $31.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Bank of America assumed coverage on shares of Range Resources in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 target price on the stock. Piper Sandler reduced their target price on Range Resources from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Barclays upgraded Range Resources from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $35.00 to $34.00 in a report on Wednesday, October 2nd. Finally, Citigroup increased their price objective on Range Resources from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Range Resources has a consensus rating of “Hold” and a consensus price target of $36.32.

Range Resources Price Performance

NYSE RRC opened at $38.27 on Monday. 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 1 year low of $27.29 and a 1 year high of $39.33. The company has a market cap of $9.23 billion, a PE ratio of 19.33 and a beta of 1.81. The stock’s 50-day moving average price is $34.80 and its two-hundred day moving average price is $32.34.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $615.03 million for the quarter, compared to analysts’ expectations of $617.90 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis.

Institutional Investors Weigh In On Range Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Range Resources by 36.4% in the fourth quarter. GAMMA Investing LLC now owns 4,391 shares of the oil and gas exploration company’s stock valued at $158,000 after purchasing an additional 1,172 shares during the period. Versant Capital Management Inc grew its stake in Range Resources by 42.8% in the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after buying an additional 463 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Range Resources by 61.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock valued at $48,588,000 after buying an additional 604,199 shares during the last quarter. Forthright Family Wealth Advisory LLC acquired a new position in Range Resources during the 3rd quarter worth $445,000. Finally, Sanctuary Advisors LLC bought a new stake in Range Resources during the third quarter valued at about $205,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Charles G. Griffie acquired 1,275 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $31.46 per share, with a total value of $40,111.50. Following the acquisition, the director now owns 5,921 shares in the company, valued at approximately $186,274.66. The trade was a 27.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.57% of the company’s stock.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio is presently 16.16%.

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.