Range Resources (RRC) Stock Forecast, Price & News

22 Wall Street 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 research analysts is that investors should "buy" RRC shares.
View RRC analyst ratings or view top-rated stocks.

22 equities research analysts have issued twelve-month price objectives for Range Resources' stock. Their RRC share price forecasts range from $20.00 to $40.00. On average, they predict the company's share price to reach $32.52 in the next year. This suggests a possible upside of 18.7% 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 shares have increased by 9.6% and is now trading at $27.41.
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Range Resources saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,610,000 shares, a decline of 13.4% from the April 30th total of 8,790,000 shares. Based on an average daily volume of 4,810,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.3% of the shares of the company are short sold.
View Range Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our RRC earnings forecast.

Range Resources Co. (NYSE:RRC) released its quarterly earnings results on Monday, April, 24th. The oil and gas exploration company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.28. The oil and gas exploration company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $772.38 million. Range Resources had a trailing twelve-month return on equity of 45.55% and a net margin of 41.18%. The company's quarterly revenue was up 556.4% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS.

Range Resources declared a quarterly dividend on Wednesday, March 1st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 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), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco S&P MidCap 400 Pure Growth ETF (RFG), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco S&P MidCap Quality ETF (XMHQ), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and Grizzle Growth ETF (GRZZ).

Range Resources (NYSE:RRC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 3.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 10.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRC.

Range Resources declared that its board has authorized a share repurchase plan on Tuesday, February 22nd 2022, which allows the company to buyback $500,000,000.00 in outstanding 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 plans are usually an indication that the company's board 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 a number of retail and institutional investors. Top institutional investors include FMR LLC (12.00%), BlackRock Inc. (9.71%), State Street Corp (4.57%), Exor Capital LLP (2.89%), Dimensional Fund Advisors LP (2.49%) and Renaissance Technologies LLC (1.66%). 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.
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One share of RRC stock can currently be purchased for approximately $27.41.

Range Resources (NYSE:RRC) has a market capitalization of $6.61 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 $8.52 on an earnings per share basis.

The company employs 527 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.