Range Resources Q4 EPS Reduced by Capital One Financial

Range Resources Co. (NYSE:RRC) – Research analysts at Capital One Financial lowered their Q4 2024 earnings 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 earn $0.48 per share for the quarter, down from their previous forecast 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.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group lowered their price target on Range Resources from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Stephens raised their target price on shares of Range Resources from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday. Scotiabank raised shares of Range Resources from a “sector perform” rating to a “sector outperform” rating and set a $45.00 target price for the company in a research report on Tuesday, August 20th. JPMorgan Chase & Co. decreased their price target on shares of Range Resources from $37.00 to $31.00 and set an “underweight” rating for the company in a report on Thursday, September 12th. Finally, Benchmark reiterated a “hold” rating on shares of Range Resources in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.06.

Range Resources Stock Performance

Shares of NYSE RRC opened at $31.34 on Friday. The business’s 50-day simple moving average is $30.25 and its 200-day simple 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 52 week low of $27.29 and a 52 week 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.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping 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 firm had revenue of $615.03 million for the quarter, compared to the consensus estimate of $617.90 million. During the same period in the prior year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis.

Institutional Investors Weigh In On Range Resources

A number of institutional investors have recently added to or reduced their stakes in RRC. Blue Trust Inc. lifted its position in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 705 shares during the period. Bogart Wealth LLC acquired a new position in Range Resources during the third quarter worth $49,000. Fifth Third Bancorp lifted its holdings in shares of Range Resources by 21.2% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company’s stock valued at $57,000 after acquiring an additional 299 shares during the period. Perkins Coie Trust Co acquired a new stake in shares of Range Resources in the 2nd quarter valued at $67,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Range Resources in the 2nd quarter worth about $67,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ashley Kavanaugh sold 12,700 shares of Range Resources stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total transaction of $399,415.00. Following the sale, the vice president now directly owns 9,670 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 1.57% of the company’s stock.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, September 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.