Brokers Offer Predictions for Range Resources Q1 Earnings

Range Resources Co. (NYSE:RRC) – Equities research analysts at Capital One Financial increased their Q1 2025 earnings estimates for Range Resources in a research report issued on Monday, April 21st. Capital One Financial analyst B. Velie now anticipates that the oil and gas exploration company will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.74. The consensus estimate for Range Resources’ current full-year earnings is $2.02 per share. Capital One Financial also issued estimates for Range Resources’ FY2025 earnings at $3.80 EPS.

Range Resources (NYSE:RRC) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The firm had revenue of $626.42 million during the quarter, compared to the consensus estimate of $676.53 million. During the same period in the prior year, the business earned $0.63 EPS.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler cut their target price on shares of Range Resources from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday. Roth Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Susquehanna lowered their target price on Range Resources from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group raised their price target on Range Resources from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Roth Mkm raised Range Resources from a “neutral” rating to a “buy” rating and boosted their price target for the company from $41.00 to $42.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.50.

Range Resources Price Performance

NYSE RRC opened at $33.87 on Thursday. 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 firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 5.11 and a beta of 1.73. The company has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $35.70. Range Resources has a 52-week low of $27.29 and a 52-week high of $41.95.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Range Resources’s previous quarterly dividend of $0.08. Range Resources’s payout ratio is 32.73%.

Institutional Trading of Range Resources

A number of hedge funds have recently bought and sold shares of RRC. Fuller & Thaler Asset Management Inc. raised its position in shares of Range Resources by 71.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,057,280 shares of the oil and gas exploration company’s stock valued at $181,961,000 after buying an additional 2,104,304 shares during the last quarter. Wellington Management Group LLP bought a new position in Range Resources during the fourth quarter valued at about $33,684,000. Amundi raised its holdings in Range Resources by 233.2% in the 4th quarter. Amundi now owns 1,180,913 shares of the oil and gas exploration company’s stock valued at $44,308,000 after acquiring an additional 826,530 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Range Resources by 9.3% in 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 acquiring an additional 624,955 shares during the period. Finally, Northern Trust Corp increased its position in shares of Range Resources by 37.1% during the fourth quarter. Northern Trust Corp now owns 2,238,863 shares of the oil and gas exploration company’s stock valued at $80,554,000 after purchasing an additional 605,315 shares during the period. 98.93% of the stock is owned by institutional investors.

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.