Zacks Research Raises Earnings Estimates for Range Resources

Range Resources Co. (NYSE:RRC - Free Report) - Stock analysts at Zacks Research lifted their Q2 2026 earnings per share estimates for Range Resources in a research note issued to investors on Monday, June 2nd. Zacks Research analyst R. Department now expects that the oil and gas exploration company will earn $0.79 per share for the quarter, up from their prior 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 brokerages also recently issued reports on RRC. Bank of America increased their price target on Range Resources from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Susquehanna reduced their price objective on shares of Range Resources from $40.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stephens reiterated an "overweight" rating and issued a $49.00 target price on shares of Range Resources in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Range Resources from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Williams Trading set a $40.00 price objective on Range Resources in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Range Resources currently has a consensus rating of "Hold" and an average target price of $41.95.

Range Resources Price Performance

Shares of NYSE:RRC traded down $0.39 during trading on Wednesday, reaching $37.33. 2,926,636 shares of the company's stock traded hands, compared to its average volume of 2,491,124. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. Range Resources has a fifty-two week low of $27.29 and a fifty-two week high of $41.95. The company has a 50-day simple moving average of $36.51 and a 200-day simple moving average of $36.98. The firm has a market cap of $8.92 billion, a PE ratio of 18.85, a P/E/G ratio of 5.11 and a beta of 0.60.

Range Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Range Resources's dividend payout ratio (DPR) is 32.14%.

Insider Transactions at Range Resources

In other Range Resources news, CEO Dennis Degner sold 35,850 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.42, for a total transaction of $1,449,057.00. Following the sale, the chief executive officer now owns 58,431 shares in the company, valued at $2,361,781.02. This represents a 38.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total transaction of $168,672.00. Following the transaction, the director now owns 13,663 shares of the company's stock, valued at $548,706.08. This trade represents a 23.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,080 shares of company stock worth $2,984,479. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Range Resources

Large investors have recently made changes to their positions in the company. Boston Partners boosted its holdings in shares of Range Resources by 4.9% in the fourth quarter. Boston Partners now owns 7,976,052 shares of the oil and gas exploration company's stock valued at $287,078,000 after acquiring an additional 371,777 shares during the period. Dimensional Fund Advisors LP boosted its stake in Range Resources by 9.3% during 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 purchasing an additional 624,955 shares during the period. Lingotto Investment Management LLP grew its position in Range Resources by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 6,864,038 shares of the oil and gas exploration company's stock worth $246,968,000 after purchasing an additional 165,242 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Range Resources by 71.3% in 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 purchasing an additional 2,104,304 shares during the period. Finally, Kopernik Global Investors LLC raised its holdings in shares of Range Resources by 5.2% in the first quarter. Kopernik Global Investors LLC now owns 2,846,663 shares of the oil and gas exploration company's stock valued at $113,667,000 after buying an additional 140,043 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

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.