Analysts Offer Predictions for Range Resources Q4 Earnings

Range Resources Co. (NYSE:RRC) – Research analysts at Capital One Financial boosted their Q4 2024 earnings per share estimates for shares of Range Resources in a research note issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas exploration company will post earnings of $0.49 per share for the quarter, up from their previous 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.

A number of other equities research analysts have also weighed in on RRC. UBS Group upgraded Range Resources from a “sell” rating to a “neutral” rating and raised their price objective for the company from $28.00 to $35.00 in a research note on Monday, December 9th. Bank of America assumed coverage on shares of Range Resources in a research note on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Range Resources from $35.00 to $40.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Wolfe Research raised shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Friday, January 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Range Resources in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven 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 target price of $36.32.

Range Resources Stock Up 2.0 %

Shares of Range Resources stock opened at $38.27 on Monday. The company has a market capitalization of $9.23 billion, a PE ratio of 19.33 and a beta of 1.81. Range Resources has a 1-year low of $27.29 and a 1-year high of $39.33. 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 business has a 50-day moving average of $34.80 and a 200-day moving average of $32.34.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 earnings per share 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 13.69%. The business had revenue of $615.03 million during the quarter, compared to the consensus estimate of $617.90 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year.

Institutional Investors Weigh In On Range Resources

A number of hedge funds and other institutional investors have recently modified their holdings of RRC. GAMMA Investing LLC lifted its stake in shares of Range Resources by 36.4% in the 4th quarter. GAMMA Investing LLC now owns 4,391 shares of the oil and gas exploration company’s stock worth $158,000 after acquiring an additional 1,172 shares during the period. Versant Capital Management Inc lifted its position in Range Resources by 42.8% in the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after purchasing an additional 463 shares during the period. JPMorgan Chase & Co. boosted its stake in Range Resources by 61.9% during 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 purchasing an additional 604,199 shares in the last quarter. Forthright Family Wealth Advisory LLC acquired a new position in shares of Range Resources during the 3rd quarter valued at $445,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Range Resources during the 3rd quarter valued at $205,000. 98.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Range Resources news, Director Charles G. Griffie purchased 1,275 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $31.46 per share, with a total value of $40,111.50. Following the completion of the purchase, the director now owns 5,921 shares in the company, valued at $186,274.66. This trade represents a 27.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.57% of the stock is owned by insiders.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, December 13th. Range Resources’s payout ratio is 16.16%.

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.