Q4 EPS Estimates for Range Resources Boosted by Roth Capital

Range Resources Co. (NYSE:RRC) – Equities research analysts at Roth Capital lifted their Q4 2024 EPS estimates for shares of Range Resources in a research note issued on Tuesday, February 11th. Roth Capital analyst L. Mariani now expects that the oil and gas exploration company will earn $0.62 per share for the quarter, up from their previous estimate of $0.53. The consensus estimate for Range Resources’ current full-year earnings is $2.03 per share.

Several other brokerages also recently issued reports on RRC. Piper Sandler upped their price target on shares of Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Scotiabank downgraded shares of 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. The Goldman Sachs Group upped their price target on shares of Range Resources from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group upped their price target on shares of Range Resources from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Citigroup upped their target price on shares of Range Resources from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus price target of $38.78.

Range Resources Stock Up 0.8 %

Shares of NYSE RRC opened at $38.80 on Friday. The firm’s 50-day simple moving average is $37.08 and its 200 day simple moving average is $33.28. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 19.60 and a beta of 1.77. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources has a 12-month low of $27.29 and a 12-month high of $41.95.

Institutional Trading of Range Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in RRC. CWM LLC raised its holdings in shares of Range Resources by 276.8% in the third quarter. CWM LLC now owns 2,306 shares of the oil and gas exploration company’s stock valued at $71,000 after purchasing an additional 1,694 shares during the last quarter. Creative Planning raised its holdings in shares of Range Resources by 2.0% in the third quarter. Creative Planning now owns 56,744 shares of the oil and gas exploration company’s stock valued at $1,745,000 after purchasing an additional 1,089 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Range Resources by 107.8% in the third quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 705 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Range Resources by 4.2% in the third quarter. Raymond James & Associates now owns 260,043 shares of the oil and gas exploration company’s stock valued at $7,999,000 after purchasing an additional 10,391 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Range Resources by 2,976.0% in the third quarter. International Assets Investment Management LLC now owns 61,520 shares of the oil and gas exploration company’s stock valued at $2,000,000 after purchasing an additional 59,520 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s payout ratio is currently 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.