Brokers Offer Predictions for Range Resources Q4 Earnings

Range Resources Co. (NYSE:RRC) – Roth Capital upped 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. Roth Capital analyst L. Mariani now forecasts that the oil and gas exploration company will post earnings per share of $0.53 for the quarter, up from their previous estimate of $0.52. The consensus estimate for Range Resources’ current full-year earnings is $1.89 per share. Roth Capital also issued estimates for Range Resources’ Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.71 EPS and FY2025 earnings at $2.22 EPS.

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, beating the consensus estimate of $0.32 by $0.16. Range Resources had a net margin of 17.63% and a return on equity of 13.73%. The business had revenue of $615.03 million during the quarter, compared to analysts’ expectations of $617.90 million. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis.

A number of other research analysts also recently issued reports on RRC. Wolfe Research began coverage on Range Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. UBS Group lowered their target price on shares of Range Resources from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, September 18th. Stephens upped their price target on shares of Range Resources from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley lowered their price objective 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. Finally, Barclays upgraded shares of Range Resources from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $35.00 to $34.00 in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.06.

Range Resources Stock Performance

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

Hedge Funds Weigh In On Range Resources

Several hedge funds and other institutional investors have recently bought and sold shares of RRC. Norden Group LLC increased its position in shares of Range Resources by 1,599.9% in the first quarter. Norden Group LLC now owns 149,697 shares of the oil and gas exploration company’s stock valued at $5,154,000 after buying an additional 140,891 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Range Resources by 11.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 159,729 shares of the oil and gas exploration company’s stock valued at $5,499,000 after acquiring an additional 16,619 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Range Resources by 25.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,633,567 shares of the oil and gas exploration company’s stock worth $985,855,000 after acquiring an additional 5,759,883 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Range Resources by 186.5% in the second quarter. TCW Group Inc. now owns 49,824 shares of the oil and gas exploration company’s stock valued at $1,671,000 after purchasing an additional 32,433 shares in the last quarter. Finally, Boston Partners grew its position in shares of Range Resources by 2.1% in the first quarter. Boston Partners now owns 6,531,086 shares of the oil and gas exploration company’s stock valued at $224,912,000 after purchasing an additional 133,565 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Range Resources

In other news, VP Ashley Kavanaugh sold 12,700 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $31.45, for a total transaction of $399,415.00. Following the sale, the vice president now owns 9,670 shares of the company’s stock, valued at $304,121.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is currently owned by corporate insiders.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, September 13th. Range Resources’s dividend payout ratio is currently 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.