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

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last year. There are currently 3 sell ratings, 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RRC, but not buy additional shares or sell existing shares.
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21 equities research analysts have issued 1-year price targets for Range Resources' shares. Their RRC share price targets range from $21.00 to $47.00. On average, they expect the company's stock price to reach $36.05 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
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Range Resources' stock was trading at $25.02 at the beginning of 2023. Since then, RRC stock has increased by 18.7% and is now trading at $29.70.
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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) released its earnings results on Tuesday, October, 24th. The oil and gas exploration company reported $0.43 earnings per share for the quarter, beating 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 analysts' expectations of $619.30 million. Range Resources had a trailing twelve-month return on equity of 21.56% and a net margin of 33.85%.

Range Resources declared a quarterly dividend on Friday, December 1st. Stockholders of record on Friday, December 15th will be paid a dividend of $0.08 per share on Friday, December 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, December 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 1.09%. 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 11.15% 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 declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 22nd 2022, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors 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 number 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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