Range Resources - RRC Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last year. There are currently 2 sell ratings, 7 hold ratings and 8 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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17 Wall Street research analysts have issued 1 year price targets for Range Resources' shares. Their RRC share price forecasts range from $25.00 to $49.00. On average, they anticipate the company's share price to reach $34.35 in the next year. This suggests a possible upside of 37.4% 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 40.2% and is now trading at $25.00.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our RRC earnings forecast.

Range Resources Co. (NYSE:RRC) released its quarterly earnings results on Monday, July, 25th. The oil and gas exploration company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.08. The oil and gas exploration company earned $1.23 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 181.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share.

Range Resources announced a quarterly dividend on Tuesday, August 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.08 per share on Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a boost 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 1.28%. The dividend payout ratio is 16.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RRC will have a dividend payout ratio of 5.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RRC.

Range Resources announced that its board has approved a share buyback plan on Tuesday, February 22nd 2022, which allows the company to repurchase $500,000,000.00 in outstanding 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 plans are usually a sign that the company's leadership 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), 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (15.39%), State Street Corp (4.19%), Exor Capital LLP (2.35%), Contrarius Investment Management Ltd (1.40%), Goldman Sachs Group Inc. (1.28%) and Renaissance Technologies LLC (1.24%). 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 $25.00.

Range Resources (NYSE:RRC) has a market capitalization of $6.57 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.

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.