Range Resources - RRC Stock Forecast, Price & News

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, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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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20 analysts have issued twelve-month target prices for Range Resources' stock. Their RRC share price forecasts range from $24.00 to $43.00. On average, they expect the company's share price to reach $33.89 in the next twelve months. This suggests a possible upside of 39.0% 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 decreased by 2.6% and is now trading at $24.38.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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Range Resources Co. (NYSE:RRC) announced its quarterly earnings results on Monday, October, 25th. The oil and gas exploration company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by $0.02. The oil and gas exploration company earned $302.64 million during the quarter, compared to the consensus estimate of $719.15 million. Range Resources had a net margin of 28.54% and a trailing twelve-month return on equity of 57.62%. Range Resources's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS.

Range Resources declared a quarterly dividend on Wednesday, March 1st. Investors of record on Wednesday, March 15th will be paid a dividend of $0.08 per share on Friday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date 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 Momentum ETF (XMMO), Invesco S&P MidCap 400 Pure Growth ETF (RFG), 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 1.40%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 8.67% 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 approved a share buyback program on Tuesday, February 22nd 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally 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 a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.90%), Exor Capital LLP (2.63%), KGH Ltd (1.89%), Geode Capital Management LLC (1.37%), Kopernik Global Investors LLC (1.36%) and Fuller & Thaler Asset Management Inc. (1.28%). Insiders that own company stock include David P Poole, Dennis Degner, Dori Ginn, Greg G Maxwell, James M Funk, 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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One share of RRC stock can currently be purchased for approximately $24.38.

Range Resources (NYSE:RRC) has a market capitalization of $5.87 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 $4.71 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.