Q4 EPS Estimates for Range Resources Boosted by Roth Capital

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

A number of other brokerages have also recently issued reports on RRC. Piper Sandler boosted their target price on shares of Range Resources from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 target price on shares of Range Resources in a research report on Tuesday, January 14th. Barclays boosted their target price on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. UBS Group boosted their target price on shares of Range Resources from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, StockNews.com raised shares of Range Resources to a “sell” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.78.

Range Resources Trading Up 0.8 %

RRC stock opened at $38.80 on Friday. 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 company has a fifty day moving average price of $37.08 and a two-hundred day moving average price of $33.28. Range Resources has a one year low of $27.29 and a one year high of $41.95. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 19.60 and a beta of 1.77.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. Range Resources’s dividend payout ratio (DPR) is presently 16.16%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Boston Partners raised its holdings in Range Resources by 4.9% in the 4th quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company’s stock valued at $287,078,000 after buying an additional 371,777 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Range Resources by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,330,676 shares of the oil and gas exploration company’s stock worth $263,768,000 after purchasing an additional 624,955 shares during the last quarter. Lingotto Investment Management LLP raised its holdings in Range Resources by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company’s stock worth $246,968,000 after purchasing an additional 165,242 shares during the last quarter. Geode Capital Management LLC raised its holdings in Range Resources by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,003,299 shares of the oil and gas exploration company’s stock worth $123,174,000 after purchasing an additional 35,344 shares during the last quarter. Finally, Canoe Financial LP raised its holdings in Range Resources by 9.4% during the 4th quarter. Canoe Financial LP now owns 2,911,509 shares of the oil and gas exploration company’s stock worth $104,595,000 after purchasing an additional 251,200 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

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.