Range Resources Q2 EPS Forecast Boosted by Zacks Research

Range Resources Co. (NYSE:RRC - Free Report) - Analysts at Zacks Research upped their Q2 2026 EPS estimates for Range Resources in a research report issued on Monday, June 2nd. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will earn $0.79 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for Range Resources' current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Range Resources' Q3 2026 earnings at $0.94 EPS.

A number of other equities research analysts also recently issued reports on RRC. Morgan Stanley set a $41.00 price target on shares of Range Resources in a report on Tuesday, April 15th. Royal Bank of Canada reissued a "sector perform" rating and issued a $42.00 price target on shares of Range Resources in a report on Friday, April 11th. Wall Street Zen downgraded shares of Range Resources from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Roth Capital raised shares of Range Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Barclays decreased their price objective on shares of Range Resources from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.95.

Range Resources Price Performance

Shares of Range Resources stock traded up $0.98 on Wednesday, reaching $38.38. The stock had a trading volume of 2,078,034 shares, compared to its average volume of 2,498,214. Range Resources has a 1 year low of $27.29 and a 1 year high of $41.95. The company has a market cap of $9.17 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 5.11 and a beta of 0.63. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The business's 50 day moving average is $36.42 and its two-hundred day moving average is $37.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in Range Resources by 48.0% in the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock valued at $39,000 after acquiring an additional 315 shares in the last quarter. Xponance Inc. boosted its holdings in Range Resources by 1.2% in the first quarter. Xponance Inc. now owns 27,512 shares of the oil and gas exploration company's stock valued at $1,099,000 after acquiring an additional 326 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Range Resources by 0.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,014 shares of the oil and gas exploration company's stock valued at $2,636,000 after acquiring an additional 328 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Range Resources by 4.8% in the first quarter. Evergreen Capital Management LLC now owns 7,716 shares of the oil and gas exploration company's stock valued at $308,000 after acquiring an additional 351 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Range Resources by 20.6% in the first quarter. Fifth Third Bancorp now owns 2,078 shares of the oil and gas exploration company's stock valued at $83,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Insider Buying and Selling at Range Resources

In other news, Director James M. Funk sold 13,582 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $35.03, for a total value of $475,777.46. Following the transaction, the director now owns 54,394 shares in the company, valued at approximately $1,905,421.82. This trade represents a 19.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Erin W. Mcdowell sold 9,568 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.62, for a total transaction of $388,652.16. Following the completion of the transaction, the senior vice president now owns 13,800 shares in the company, valued at $560,556. This represents a 40.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,080 shares of company stock worth $2,984,479 over the last ninety days. Insiders own 1.00% of the company's stock.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, June 13th. Range Resources's payout ratio is currently 32.14%.

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.