Range Resources - RRC Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last year. There are currently 2 sell ratings, 6 hold ratings and 7 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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15 analysts have issued twelve-month price targets for Range Resources' stock. Their RRC share price forecasts range from $25.00 to $49.00. On average, they predict the company's stock price to reach $35.88 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
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Range Resources' stock was trading at $17.83 at the start of the year. Since then, RRC stock has increased by 58.9% and is now trading at $28.33.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our RRC earnings forecast.

Range Resources Co. (NYSE:RRC) posted its earnings results on Tuesday, October, 25th. The oil and gas exploration company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by $0.02. The oil and gas exploration company earned $1.11 billion during the quarter, compared to analysts' expectations of $1.06 billion. Range Resources had a trailing twelve-month return on equity of 60.30% and a net margin of 30.87%. The company's quarterly revenue was up 267.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS.

Range Resources declared a quarterly dividend on Tuesday, August 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.08 per share on Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.02.
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 1.08%. The dividend payout ratio is 6.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 7.02% 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 of Directors has initiated a share buyback 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 reacquire up to 9.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership 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), APA (APA), 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.40%), BlackRock Inc. (9.96%), State Street Corp (4.39%), Dimensional Fund Advisors LP (3.32%), Third Point LLC (1.61%) and Contrarius Investment Management Ltd (1.58%). Insiders that own company stock include David P Poole, Dennis Degner, Dori Ginn, Greg G Maxwell, James M Funk, Jeffrey L Ventura, Mark Scucchi, Reginal Spiller and Steffen E Palko.
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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 $28.33.

Range Resources (NYSE:RRC) has a market capitalization of $6.85 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 $4.87 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.