FY2025 EPS Estimate for Range Resources Decreased by Analyst

Range Resources Co. (NYSE:RRC) – Capital One Financial cut their FY2025 earnings estimates for shares of Range Resources in a research report issued on Wednesday, February 12th. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will post earnings per share of $3.20 for the year, down from their previous forecast of $3.21. The consensus estimate for Range Resources’ current full-year earnings is $2.03 per share.

RRC has been the subject of several other reports. Benchmark reiterated a “hold” rating on shares of Range Resources in a research note on Friday, January 17th. Mizuho increased their price target on shares of Range Resources from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. UBS Group increased their price target on shares of Range Resources from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America upgraded shares of Range Resources from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $45.00 in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lifted their target price on shares of Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.78.

Range Resources Stock Down 0.3 %

Shares of Range Resources stock opened at $38.68 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The company has a 50-day moving average of $37.17 and a 200 day moving average of $33.33. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 19.54 and a beta of 1.77. Range Resources has a 1 year low of $27.29 and a 1 year high of $41.95.

Range Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 0.83%. Range Resources’s dividend payout ratio (DPR) is 16.16%.

Institutional Trading of Range Resources

Several large investors have recently added to or reduced their stakes in RRC. CWM LLC grew its position in Range Resources by 276.8% during the third quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an additional 1,694 shares during the period. Creative Planning grew its position in Range Resources by 2.0% during the third quarter. Creative Planning now owns 56,744 shares of the oil and gas exploration company’s stock valued at $1,745,000 after buying an additional 1,089 shares during the period. Blue Trust Inc. lifted its holdings in Range Resources by 107.8% during the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 705 shares in the last quarter. Raymond James & Associates lifted its holdings in Range Resources by 4.2% during the third quarter. Raymond James & Associates now owns 260,043 shares of the oil and gas exploration company’s stock valued at $7,999,000 after purchasing an additional 10,391 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Range Resources by 2,976.0% during the third quarter. International Assets Investment Management LLC now owns 61,520 shares of the oil and gas exploration company’s stock valued at $2,000,000 after purchasing an additional 59,520 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

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.