Zacks Research Weighs in on Range Resources Q3 Earnings

Key Points

• Zacks Research raised Range Resources’ Q3 2026 EPS estimate to $0.57 from $0.55, while maintaining a “Hold” rating. The broader consensus expects $3.74 in full-year EPS.
• Range Resources’ latest quarterly results exceeded expectations, with EPS of $0.79 versus the $0.66 consensus and revenue of $759.6 million versus $744.8 million; however, revenue declined 2.7% year over year.
• The stock opened at $39.84, below the analyst consensus price target of $44, and pays a quarterly dividend of $0.10, equating to a 1.0% yield.

Range Resources Corporation (NYSE:RRC - Free Report) - Research analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of Range Resources in a research report issued on Tuesday, October 6th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will earn $0.57 per share for the quarter, up from their prior forecast of $0.55. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Range Resources' current full-year earnings is $3.74 per share. Zacks Research also issued estimates for Range Resources' FY2027 earnings at $2.98 EPS.

Range Resources (NYSE:RRC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The oil and gas exploration company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The business had revenue of $759.58 million during the quarter, compared to the consensus estimate of $744.78 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Truist Financial decreased their target price on shares of Range Resources from $45.00 to $43.00 and set a "hold" rating on the stock in a research report on Monday. Raymond James Financial set a $45.00 price target on shares of Range Resources in a research report on Monday, July 27th. Susquehanna decreased their price target on shares of Range Resources from $45.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. UBS Group lowered their price objective on shares of Range Resources from $49.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday, October 2nd. Finally, The Goldman Sachs Group dropped their price objective on Range Resources from $44.00 to $39.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Range Resources presently has an average rating of "Hold" and an average target price of $44.00.

Range Resources Stock Down 0.4%

RRC opened at $39.84 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 11.01 and a beta of 0.71. The business has a 50-day moving average of $40.05 and a two-hundred day moving average of $40.20. Range Resources has a 12 month low of $32.68 and a 12 month high of $48.31.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, September 11th. Range Resources's dividend payout ratio is currently 11.05%.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total value of $140,000.00. Following the completion of the sale, the director owned 13,421 shares of the company's stock, valued at $536,840. This trade represents a 20.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Range Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRC. Congress Asset Management Co. grew its stake in shares of Range Resources by 3.5% during the third quarter. Congress Asset Management Co. now owns 652,173 shares of the oil and gas exploration company's stock valued at $24,156,000 after acquiring an additional 21,895 shares in the last quarter. CX Institutional purchased a new position in Range Resources in the third quarter valued at about $6,360,000. MAC Alpha Capital Management LP grew its stake in Range Resources by 41.6% during the 2nd quarter. MAC Alpha Capital Management LP now owns 250,456 shares of the oil and gas exploration company's stock valued at $9,315,000 after purchasing an additional 73,600 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Range Resources by 89.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,811 shares of the oil and gas exploration company's stock worth $402,000 after purchasing an additional 5,092 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Range Resources by 62.8% during the 2nd quarter. Tidal Investments LLC now owns 73,725 shares of the oil and gas exploration company's stock worth $2,742,000 after purchasing an additional 28,438 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Key Stories Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $3.58 from $3.57 and increased its Q1 2027 estimate to $1.10 from $0.97. These revisions suggest some confidence in Range Resources’ production mix and pricing outlook, although the firm maintains a “Hold” rating. Zacks Research Lifts Earnings Estimates for Range Resources
• Neutral Sentiment: Range Resources is scheduled to release its next quarterly results on October 27. The report could provide an important catalyst by clarifying realized natural-gas and liquids prices, production trends, and management’s outlook. Range Resources stock schedules October 27 results release
• Neutral Sentiment: A recent analysis said strong liquids prices are partially offsetting mediocre natural-gas prices. The mixed commodity backdrop limits earnings upside but provides some support through Range’s liquids exposure. Range Resources: Strong Liquids Prices Help Partially Offset Mediocre Natural Gas Prices
• Negative Sentiment: Zacks Research reduced EPS estimates for Q4 2026 to $0.78 from $0.79, Q2 2027 to $0.51 from $0.54, Q3 2027 to $0.59 from $0.62, and Q4 2027 to $0.78 from $0.80. The cuts point to softer medium-term expectations and keep the stock’s consensus outlook below Zacks’ full-year forecast of $3.58 versus a broader consensus of $3.74. Zacks Research Range Resources estimates

About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil producer headquartered in Fort Worth, Texas. The company explores for, develops and produces hydrocarbons, with a primary focus on unconventional shale resources in the Appalachian Basin.

Range's principal operating area is the Marcellus Shale in southwestern Pennsylvania, where it produces natural gas, NGLs and condensate. Its products are sold to customers through regional and interstate pipeline systems and other market channels serving utilities, industrial users, power generators and other energy markets.

Founded in 1976, Range Resources has historically operated in several U.S.

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