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QQQ   324.08
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NYSE:RRC

Range Resources - RRC Stock Forecast, Price & News

$33.99
+1.29 (+3.94%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$33.30
$34.59
50-Day Range
$24.03
$37.02
52-Week Range
$12.37
$37.44
Volume
6.34 million shs
Average Volume
5.68 million shs
Market Capitalization
$8.94 billion
P/E Ratio
17.52
Dividend Yield
N/A
Price Target
$34.00

Range Resources MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
0.0% Upside
$34.00 Price Target
Short Interest
Healthy
4.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
-7.63
Upright™ Environmental Score
News Sentiment
0.33mentions of Range Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$5.39 M Sold Last Quarter
Proj. Earnings Growth
2.12%
From $5.19 to $5.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Oils/Energy Sector

92nd out of 256 stocks

Crude Petroleum & Natural Gas Industry

42nd out of 78 stocks

RRC stock logo

About Range Resources (NYSE:RRC) Stock

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

Range Resources Stock Performance

Shares of RRC Stock traded up $0.88 during mid-day trading on Thursday, reaching $33.58. The stock had a trading volume of 73,216 shares, compared to its average volume of 3,835,002. The firm's 50 day simple moving average is $29.59 and its 200 day simple moving average is $27.96. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.93. Range Resources has a one year low of $12.37 and a one year high of $37.44. The firm has a market cap of $8.83 billion, a PE ratio of 16.86, a P/E/G ratio of 0.22 and a beta of 2.14.

Range Resources (NYSE:RRC - Get Rating) last announced its quarterly earnings data on Monday, July 25th. The oil and gas exploration company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.15. Range Resources had a return on equity of 56.92% and a net margin of 16.40%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $959.91 million. During the same quarter last year, the company earned $0.24 EPS. The company's quarterly revenue was up 181.8% on a year-over-year basis. On average, analysts forecast that Range Resources will post 5.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RRC shares. The Goldman Sachs Group dropped their target price on Range Resources from $35.50 to $31.00 and set a "sell" rating on the stock in a research report on Tuesday, July 5th. Morgan Stanley lowered their price objective on Range Resources from $32.00 to $31.00 and set an "underweight" rating on the stock in a report on Tuesday, July 19th. Piper Sandler lowered their price objective on Range Resources from $45.00 to $44.00 and set an "overweight" rating on the stock in a report on Friday, July 22nd. Mizuho lowered their price objective on Range Resources from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, July 19th. Finally, Susquehanna increased their price objective on Range Resources from $24.00 to $34.00 in a report on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.00.

Insiders Place Their Bets

In other Range Resources news, Director Reginal Spiller sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $31.44, for a total value of $50,304.00. Following the completion of the sale, the director now owns 10,685 shares in the company, valued at approximately $335,936.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mark Scucchi sold 55,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $32.67, for a total transaction of $1,796,850.00. Following the completion of the transaction, the chief financial officer now owns 446,341 shares in the company, valued at approximately $14,581,960.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reginal Spiller sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $31.44, for a total value of $50,304.00. Following the transaction, the director now owns 10,685 shares of the company's stock, valued at approximately $335,936.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,100 shares of company stock worth $5,394,179. 1.10% of the stock is currently owned by company insiders.

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RRC Stock News Headlines

Range Resources (NYSE:RRC) Price Target Raised to $35.00
Range Resources goes back to the pads again
Range Resources (RRC) to Release Quarterly Earnings on Monday
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RRC Company Calendar

Last Earnings
7/25/2022
Today
8/12/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
75281A10
Employees
527
Year Founded
1976

Price Target and Rating

Average Stock Price Forecast
$34.00
High Stock Price Forecast
$49.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+0.0%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
17 Analysts

Profitability

Net Income
$411.78 million
Pretax Margin
15.67%

Debt

Sales & Book Value

Annual Sales
$2.93 billion
Cash Flow
$3.56 per share
Book Value
$7.52 per share

Miscellaneous

Free Float
259,994,000
Market Cap
$8.94 billion
Optionable
Optionable
Beta
2.14

Social Links















RRC Stock - Frequently Asked Questions

Should I buy or sell Range Resources stock right now?

17 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 8 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.
View RRC analyst ratings
or view top-rated stocks.

What is Range Resources' stock price forecast for 2022?

17 Wall Street research analysts have issued twelve-month target prices for Range Resources' shares. Their RRC share price forecasts range from $25.00 to $49.00. On average, they expect the company's stock price to reach $34.00 in the next year. This suggests a possible upside of 0.0% from the stock's current price.
View analysts price targets for RRC
or view top-rated stocks among Wall Street analysts.

How have RRC shares performed in 2022?

Range Resources' stock was trading at $17.83 on January 1st, 2022. Since then, RRC shares have increased by 90.6% and is now trading at $33.99.
View the best growth stocks for 2022 here
.

When is Range Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our RRC earnings forecast
.

How were Range Resources' earnings last quarter?

Range Resources Co. (NYSE:RRC) issued its quarterly earnings data on Monday, July, 25th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.15. The oil and gas exploration company earned $1.23 billion during the quarter, compared to analyst estimates of $959.91 million. Range Resources had a net margin of 16.40% and a trailing twelve-month return on equity of 56.92%. The company's revenue was up 181.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS.

How will Range Resources' stock buyback program work?

Range Resources declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 22nd 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

What is Jeffrey L. Ventura's approval rating as Range Resources' CEO?

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.

What other stocks do shareholders of Range Resources own?

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), APA (APA), Alibaba Group (BABA) and Cisco Systems (CSCO).

What is Range Resources' stock symbol?

Range Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "RRC."

Who are Range Resources' major shareholders?

Range Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (0.69%), JPMorgan Chase & Co. (0.68%), Bruni J V & Co. Co. (0.37%), Rhumbline Advisers (0.28%), Russell Investments Group Ltd. (0.27%) and Swiss National Bank (0.23%). Insiders that own company stock include David P Poole, Dennis Degner, Dori Ginn, Greg G Maxwell, James M Funk, Jeffrey L Ventura, Margaret K Dorman, Mark Scucchi, Reginal Spiller and Steffen E Palko.
View institutional ownership trends
.

How do I buy shares of Range Resources?

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.

What is Range Resources' stock price today?

One share of RRC stock can currently be purchased for approximately $33.99.

How much money does Range Resources make?

Range Resources (NYSE:RRC) has a market capitalization of $8.94 billion and generates $2.93 billion in revenue each year. The oil and gas exploration company earns $411.78 million in net income (profit) each year or $1.94 on an earnings per share basis.

How many employees does Range Resources have?

The company employs 527 workers across the globe.

When was Range Resources founded?

Range Resources was founded in 1976.

How can I contact Range Resources?

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.

This page (NYSE:RRC) was last updated on 8/12/2022 by MarketBeat.com Staff

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