Zacks Research Lowers Earnings Estimates for Range Resources

Range Resources Corporation (NYSE:RRC) – Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for Range Resources in a research note issued to investors on Wednesday, June 10th. Zacks Research analyst Team now anticipates that the oil and gas exploration company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.51. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Range Resources’ current full-year earnings is $3.70 per share. Zacks Research also issued estimates for Range Resources’ Q4 2026 earnings at $0.85 EPS, Q2 2027 earnings at $0.78 EPS and Q4 2027 earnings at $0.74 EPS.

RRC has been the subject of a number of other reports. Weiss Ratings downgraded Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company raised their target price on Range Resources from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Barclays raised their target price on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Stephens decreased their target price on Range Resources from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Truist Financial decreased their target price on Range Resources from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Range Resources currently has a consensus rating of “Hold” and an average price target of $44.00.

Range Resources Stock Performance

NYSE:RRC opened at $39.17 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55. The business has a fifty day simple moving average of $41.60 and a two-hundred day simple moving average of $39.37. Range Resources has a 1 year low of $32.60 and a 1 year high of $48.31. The company has a market capitalization of $9.23 billion, a P/E ratio of 10.36 and a beta of 0.42.

Range Resources (NYSE:RRC) last released its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. During the same period last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 49.8% on a year-over-year basis.

Hedge Funds Weigh In On Range Resources

Several hedge funds have recently made changes to their positions in RRC. Boston Partners grew its position in shares of Range Resources by 59.3% in the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after purchasing an additional 4,398,042 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Range Resources by 517.6% in the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after purchasing an additional 2,045,165 shares in the last quarter. Holocene Advisors LP purchased a new position in shares of Range Resources in the third quarter valued at $66,560,000. UBS Group AG grew its position in shares of Range Resources by 66.3% in the fourth quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after purchasing an additional 1,430,477 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Range Resources in the first quarter valued at $64,481,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Range Resources

In other news, Director Brenda A. Cline sold 7,000 shares of Range Resources stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total value of $310,800.00. Following the completion of the transaction, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. Range Resources’s payout ratio is 10.58%.

Range Resources Company Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.