Range Resources Q1 EPS Raised by Capital One Financial

Range Resources Co. (NYSE:RRC - Free Report) - Capital One Financial upped their Q1 2025 EPS estimates for shares of Range Resources in a research note issued on Monday, April 21st. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will earn $0.80 per share for the quarter, up from their prior estimate 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.

RRC has been the subject of a number of other research reports. Scotiabank cut Range Resources from a "sector outperform" rating to a "sector perform" rating and set a $45.00 price objective for the company. in a research report on Friday, January 17th. Wolfe Research upgraded shares of Range Resources from a "peer perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler reduced their price target on Range Resources from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised their price objective on Range Resources from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, UBS Group lifted their price target on shares of Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Range Resources currently has a consensus rating of "Hold" and an average target price of $41.50.

Range Resources Stock Down 0.3 %

NYSE:RRC traded down $0.09 during trading hours on Thursday, hitting $35.16. 812,150 shares of the company's stock traded hands, compared to its average volume of 2,446,044. Range Resources has a twelve month low of $27.29 and a twelve month high of $41.95. The firm has a market cap of $8.40 billion, a P/E ratio of 17.70, a P/E/G ratio of 5.11 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54. The stock's fifty day moving average price is $36.63 and its two-hundred day moving average price is $35.81.

Range Resources (NYSE:RRC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.13. The firm had revenue of $626.42 million during the quarter, compared to analyst estimates of $676.53 million. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. During the same quarter last year, the business posted $0.63 EPS.

Range Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. This is a boost from Range Resources's previous quarterly dividend of $0.08. Range Resources's payout ratio is presently 32.14%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC boosted its holdings in Range Resources by 1.1% during the first quarter. OneDigital Investment Advisors LLC now owns 56,876 shares of the oil and gas exploration company's stock valued at $2,271,000 after purchasing an additional 616 shares in the last quarter. Calamos Advisors LLC boosted its stake in Range Resources by 187.1% in the 1st quarter. Calamos Advisors LLC now owns 45,239 shares of the oil and gas exploration company's stock valued at $1,806,000 after buying an additional 29,483 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in Range Resources by 1.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,435,376 shares of the oil and gas exploration company's stock valued at $57,803,000 after buying an additional 25,403 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Range Resources in the first quarter valued at $612,000. Finally, Principal Financial Group Inc. raised its stake in Range Resources by 0.4% during the first quarter. Principal Financial Group Inc. now owns 555,051 shares of the oil and gas exploration company's stock worth $22,163,000 after acquiring an additional 1,948 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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.