Range Resources Stock Price, News & Analysis (NYSE:RRC)

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RRC shares.
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20 brokerages have issued 12 month price targets for Range Resources' stock. Their RRC share price targets range from $21.00 to $47.00. On average, they predict the company's stock price to reach $36.26 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
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Range Resources' stock was trading at $25.02 at the start of the year. Since then, RRC shares have increased by 29.6% and is now trading at $32.42.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our RRC earnings forecast.

Range Resources Co. (NYSE:RRC) issued its earnings results on Tuesday, October, 24th. The oil and gas exploration company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.16. The oil and gas exploration company had revenue of $648.77 million for the quarter, compared to analyst estimates of $619.30 million. Range Resources had a net margin of 33.85% and a trailing twelve-month return on equity of 21.56%.

Range Resources declared a quarterly dividend on Thursday, August 31st. Stockholders of record on Friday, September 15th will be given a dividend of $0.08 per share on Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for RRC.

Range Resources (NYSE:RRC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 11.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRC.

ETFs with the largest weight of Range Resources (NYSE:RRC) stock in their portfolio include First Trust Energy AlphaDEX Fund (FXN), First Trust Natural Gas ETF (FCG), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Architect U.S. Quantitative Value ETF (QVAL), Grizzle Growth ETF (GRZZ) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

Range Resources announced that its board has initiated a stock repurchase plan on Tuesday, February 22nd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

8 employees have rated Range Resources Chief Executive Officer Jeffrey L. Ventura on Glassdoor.com. Jeffrey L. Ventura has an approval rating of 41% among the company's employees. This puts Jeffrey L. Ventura in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Range Resources investors own include Chesapeake Energy (CHKAQ), Callon Petroleum (CPE), Advanced Micro Devices (AMD), Intel (INTC), Micron Technology (MU), Ford Motor (F), General Electric (GE), Alibaba Group (BABA) and Cisco Systems (CSCO).

Range Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (15.00%), Invesco Ltd. (1.57%), Fuller & Thaler Asset Management Inc. (1.26%), Morgan Stanley (1.18%), Bank of New York Mellon Corp (1.13%) and Northern Trust Corp (0.81%). Insiders that own company stock include David P Poole, Dennis Degner, Dori Ginn, Erin W Mcdowell, Greg G Maxwell, Jeffrey L Ventura, Mark Scucchi and Reginal Spiller.
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Shares of RRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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