Zacks Research Expects Higher Earnings for Range Resources

Range Resources Co. (NYSE:RRC) – Research analysts at Zacks Research lifted their Q1 2025 earnings estimates for shares of Range Resources in a research report issued to clients and investors on Thursday, February 13th. Zacks Research analyst R. Department now expects that the oil and gas exploration company will earn $0.79 per share for the quarter, up from their previous forecast of $0.74. The consensus estimate for Range Resources’ current full-year earnings is $2.03 per share. Zacks Research also issued estimates for Range Resources’ Q2 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.88 EPS and FY2025 earnings at $2.77 EPS.

Several other equities analysts also recently commented on RRC. Royal Bank of Canada reiterated a “sector perform” rating and set a $40.00 price target on shares of Range Resources in a report on Tuesday, January 14th. Wolfe Research upgraded shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Friday, January 3rd. Truist Financial boosted their target price on shares of Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Scotiabank downgraded Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price target on the stock. in a research report on Friday, January 17th. Finally, UBS Group lifted their price objective on Range Resources from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and a consensus price target of $38.78.

Range Resources Price Performance

Shares of NYSE:RRC opened at $38.68 on Monday. 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 stock has a market capitalization of $9.33 billion, a P/E ratio of 19.54 and a beta of 1.77. The business has a 50-day moving average of $37.17 and a two-hundred day moving average of $33.36. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95.

Institutional Investors Weigh In On Range Resources

A number of hedge funds and other institutional investors have recently modified their holdings of RRC. JPMorgan Chase & Co. increased its holdings in shares of Range Resources by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after purchasing an additional 604,199 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in Range Resources during the third quarter worth approximately $11,508,000. Calamos Advisors LLC bought a new position in Range Resources during the 4th quarter worth $567,000. Radnor Capital Management LLC raised its holdings in Range Resources by 156.2% in the 4th quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock valued at $1,547,000 after acquiring an additional 26,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Range Resources by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,017,704 shares of the oil and gas exploration company’s stock valued at $62,065,000 after acquiring an additional 92,217 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio is 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.