FY2025 EPS Estimates for Range Resources Lowered by Analyst

Key Points

• Roth Capital has lowered its FY2025 earnings per share estimate for Range Resources from $2.89 to $2.49, maintaining a "Neutral" rating and a price target of $35.00.
• Despite lowering earnings estimates, Range Resources reported a positive Q2 2023 earnings of $0.66 per share, beating the consensus estimate of $0.65, with revenues of $856.28 million.
• Range Resources currently has a consensus rating of "Hold" with an average price target of $42.85, and seven analysts have rated the stock as a Buy.

Range Resources Corporation (NYSE:RRC - Free Report) - Analysts at Roth Capital decreased their FY2025 earnings per share estimates for Range Resources in a research report issued on Monday, August 18th. Roth Capital analyst L. Mariani now forecasts that the oil and gas exploration company will post earnings per share of $2.49 for the year, down from their prior forecast of $2.89. Roth Capital currently has a "Neutral" rating and a $35.00 target price on the stock. The consensus estimate for Range Resources' current full-year earnings is $2.02 per share. Roth Capital also issued estimates for Range Resources' Q4 2025 earnings at $0.55 EPS, Q1 2026 earnings at $0.79 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.41 EPS, Q4 2026 earnings at $0.72 EPS and FY2026 earnings at $2.28 EPS.

Range Resources (NYSE:RRC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas exploration company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $856.28 million during the quarter, compared to the consensus estimate of $708.38 million. Range Resources had a return on equity of 15.95% and a net margin of 17.22%.During the same period last year, the business posted $0.46 earnings per share.

A number of other analysts also recently commented on the company. Piper Sandler decreased their price target on Range Resources from $41.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $45.00 price target on shares of Range Resources in a research report on Tuesday, July 15th. UBS Group decreased their price target on Range Resources from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday. Scotiabank set a $46.00 price target on Range Resources and gave the company a "sector perform" rating in a research report on Friday, July 11th. Finally, Mizuho increased their price target on Range Resources from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $42.75.

Range Resources Stock Performance

Shares of RRC traded up $0.1370 on Wednesday, reaching $33.3270. 2,148,133 shares of the company's stock traded hands, compared to its average volume of 2,287,389. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.29. The stock has a market cap of $7.94 billion, a PE ratio of 16.75, a PEG ratio of 0.28 and a beta of 0.60. The stock's 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $37.42. Range Resources has a 52-week low of $27.55 and a 52-week high of $43.50.

Institutional Trading of Range Resources

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Range Resources by 4.7% in the second quarter. GAMMA Investing LLC now owns 6,013 shares of the oil and gas exploration company's stock valued at $245,000 after purchasing an additional 270 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Range Resources by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,294 shares of the oil and gas exploration company's stock valued at $2,981,000 after purchasing an additional 299 shares during the period. Bessemer Group Inc. raised its stake in shares of Range Resources by 48.0% during the 1st quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock valued at $39,000 after purchasing an additional 315 shares during the period. ProShare Advisors LLC raised its stake in shares of Range Resources by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 10,596 shares of the oil and gas exploration company's stock valued at $431,000 after purchasing an additional 315 shares during the period. Finally, Xponance Inc. raised its stake in shares of Range Resources by 1.2% during the 1st quarter. Xponance Inc. now owns 27,512 shares of the oil and gas exploration company's stock valued at $1,099,000 after purchasing an additional 326 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Range Resources news, Director Reginal Spiller sold 4,200 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $40.16, for a total value of $168,672.00. Following the sale, the director directly owned 13,663 shares in the company, valued at $548,706.08. The trade was a 23.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Range Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. Range Resources's payout ratio is presently 18.09%.

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.