Range Resources (RRC) Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RRC shares.
View RRC analyst ratings or view top-rated stocks.

22 brokerages have issued twelve-month target prices for Range Resources' stock. Their RRC share price forecasts range from $20.00 to $47.00. On average, they anticipate the company's stock price to reach $35.05 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for RRC or view top-rated stocks among Wall Street analysts.

Range Resources' stock was trading at $25.02 on January 1st, 2023. Since then, RRC stock has increased by 30.7% and is now trading at $32.70.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our RRC earnings forecast.

Range Resources Co. (NYSE:RRC) posted its quarterly earnings results on Monday, July, 24th. The oil and gas exploration company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The oil and gas exploration company earned $637 million during the quarter, compared to analysts' expectations of $567.67 million. Range Resources had a net margin of 37.22% and a trailing twelve-month return on equity of 31.85%. The business's revenue was down 48.0% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share.

Range Resources announced a quarterly dividend on Thursday, August 31st. Investors of record on Friday, September 15th will be paid a dividend of $0.08 per share on Friday, September 29th. This represents a $0.32 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, September 14th.
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 (NYSE:RRC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 11.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRC.

Range Resources announced that its board has initiated a stock repurchase plan on Tuesday, February 22nd 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRC."

Range Resources' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.28%), State Street Corp (4.32%), Dimensional Fund Advisors LP (2.57%), Renaissance Technologies LLC (1.52%), Geode Capital Management LLC (1.46%) and Kopernik Global Investors LLC (1.37%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of RRC stock can currently be purchased for approximately $32.70.

Range Resources (NYSE:RRC) has a market capitalization of $7.87 billion and generates $4.15 billion in revenue each year. The oil and gas exploration company earns $1.18 billion in net income (profit) each year or $6.87 on an earnings per share basis.

The company employs 544 workers across the globe.

Range Resources' mailing address is 100 THROCKMORTON STREET STE. 1200, FORT WORTH TX, 76102. The official website for the company is www.rangeresources.com. The oil and gas exploration company can be reached via phone at (817) 870-2601, via email at lsando@rangeresources.com, or via fax at 817-869-9100.