Zacks Research Forecasts Higher Earnings for Range Resources

Range Resources Corporation (NYSE:RRC - Free Report) - Equities research analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for shares of Range Resources in a report issued on Monday, July 21st. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will post earnings per share of $1.09 for the quarter, up from their prior forecast of $1.06. The consensus estimate for Range Resources' current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Range Resources' Q2 2026 earnings at $0.63 EPS and Q4 2026 earnings at $1.24 EPS.

Range Resources (NYSE:RRC - Get Free Report) last released its 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. Range Resources had a return on equity of 15.95% and a net margin of 17.22%. The company had revenue of $856.28 million during the quarter, compared to analysts' expectations of $708.38 million. During the same quarter last year, the business posted $0.46 EPS.

Other research analysts have also issued research reports about the company. Morgan Stanley set a $41.00 price objective on Range Resources in a research report on Tuesday, April 15th. UBS Group raised their price objective on Range Resources from $36.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Bank of America raised their price objective on Range Resources from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Mizuho raised their price objective on Range Resources from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Roth Capital upgraded Range Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.11.

Range Resources Stock Down 2.4%

RRC stock traded down $0.88 on Wednesday, reaching $35.37. 2,169,993 shares of the company traded hands, compared to its average volume of 3,030,286. Range Resources has a one year low of $27.29 and a one year high of $43.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.55 and a quick ratio of 0.56. The company has a market cap of $8.42 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.30 and a beta of 0.63. The firm has a fifty day simple moving average of $39.16 and a 200-day simple moving average of $38.03.

Institutional Investors Weigh In On Range Resources

Several large investors have recently made changes to their positions in RRC. Hollencrest Capital Management bought a new position in shares of Range Resources during the first quarter valued at approximately $33,000. Bessemer Group Inc. grew its stake in shares of Range Resources by 48.0% during the first quarter. Bessemer Group Inc. now owns 971 shares of the oil and gas exploration company's stock valued at $39,000 after buying an additional 315 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Range Resources during the first quarter valued at approximately $39,000. Barrett & Company Inc. purchased a new stake in shares of Range Resources in the second quarter valued at approximately $41,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Range Resources in the fourth quarter valued at approximately $42,000. 98.93% of the stock is owned by institutional investors.

Insider Activity at Range Resources

In related news, Director James M. Funk sold 13,582 shares of Range Resources stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $35.03, for a total transaction of $475,777.46. Following the transaction, the director directly owned 54,394 shares in the company, valued at approximately $1,905,421.82. The trade was a 19.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reginal Spiller sold 4,200 shares of Range Resources stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $40.16, for a total value of $168,672.00. Following the transaction, the director owned 13,663 shares in the company, valued at $548,706.08. This trade represents a 23.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,080 shares of company stock valued at $2,984,479 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Range Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 1.02%. Range Resources's dividend payout ratio (DPR) 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.