Range Resources Corporation (NYSE:RRC) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Range Resources has a consensus broker rating of Hold from 19 analysts (1 sell, 14 hold, 4 buy) with an average 12‑month price target of $42.76.
• The company beat Q4 estimates with EPS of $0.82 versus $0.69 and revenue of $786.9M (up 30.9% YoY), reporting a 21.1% net margin and supporting sell‑side forecasts of about 2.02 EPS for the year.
• Range raised its quarterly dividend to $0.10 (annualized $0.40, yield ~0.9%, ex‑dividend Mar 13), while shares trade near recent highs (~$46.79 vs 52‑week high $47.75) and institutional investors own roughly 98.9% of the stock.

Range Resources Corporation (NYSE:RRC - Get Free Report) has been given a consensus rating of "Hold" by the nineteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.7647.

Several analysts recently commented on RRC shares. Truist Financial started coverage on Range Resources in a research report on Tuesday. They issued a "hold" rating and a $48.00 target price on the stock. Mizuho raised their price target on Range Resources from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, December 12th. Royal Bank Of Canada cut their price objective on shares of Range Resources from $46.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Wednesday, January 14th. UBS Group upped their price objective on shares of Range Resources from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Finally, Weiss Ratings raised shares of Range Resources from a "hold (c)" rating to a "buy (b)" rating in a research note on Friday, February 27th.

Institutional Investors Weigh In On Range Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Range Resources in the fourth quarter worth approximately $34,000. True Wealth Design LLC increased its position in shares of Range Resources by 116.3% during the 3rd quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company's stock valued at $38,000 after purchasing an additional 541 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Range Resources by 49.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company's stock valued at $38,000 after purchasing an additional 336 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Range Resources in the 4th quarter worth $57,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Range Resources in the fourth quarter valued at $61,000. Institutional investors own 98.93% of the company's stock.

Range Resources Stock Up 0.4%

RRC stock opened at $46.79 on Friday. The stock has a market cap of $11.01 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.43 and a beta of 0.57. The firm's 50-day simple moving average is $39.42 and its 200 day simple moving average is $37.58. Range Resources has a fifty-two week low of $30.32 and a fifty-two week high of $47.75. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC - Get Free Report) last posted its earnings results on Tuesday, February 24th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.69 by $0.13. The firm had revenue of $786.89 million during the quarter, compared to analysts' expectations of $770.92 million. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. Range Resources's quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, sell-side analysts predict that Range Resources will post 2.02 EPS for the current year.

Range Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is a boost from Range Resources's previous quarterly dividend of $0.09. The ex-dividend date is Friday, March 13th. Range Resources's payout ratio is 14.60%.

About Range Resources

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania's Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company's technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.

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