Recent Investment Analysts’ Ratings Updates for Range Resources (RRC)

A number of firms have modified their ratings and price targets on shares of Range Resources (NYSE: RRC) recently:

• 1/14/2025 – Range Resources had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $40.00 price target on the stock.
• 1/13/2025 – Range Resources had its price target raised by analysts at Truist Financial Co. from $31.00 to $35.00. They now have a “hold” rating on the stock.
• 1/13/2025 – Range Resources was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $45.00 price target on the stock, up previously from $34.00.
• 1/3/2025 – Range Resources was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $42.00 price target on the stock.
• 12/17/2024 – Range Resources had its price target raised by analysts at Wells Fargo & Company from $38.00 to $40.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Range Resources had its price target raised by analysts at Mizuho from $40.00 to $47.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Range Resources was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $35.00 price target on the stock, up previously from $28.00.
• 12/6/2024 – Range Resources had its price target raised by analysts at Citigroup Inc. from $33.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Range Resources was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/25/2024 – Range Resources had its price target raised by analysts at Royal Bank of Canada from $35.00 to $40.00. They now have a “sector perform” rating on the stock.
• 11/18/2024 – Range Resources had its price target lowered by analysts at Piper Sandler from $31.00 to $30.00. They now have a “neutral” rating on the stock.

Range Resources Stock Up 2.9 %

Shares of RRC traded up $1.12 during trading hours on Tuesday, reaching $39.61. The company’s stock had a trading volume of 3,099,138 shares, compared to its average volume of 2,941,992. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 20.01 and a beta of 1.81. The company has a 50 day moving average of $34.96 and a two-hundred day moving average of $32.38. Range Resources Co. has a 1-year low of $27.29 and a 1-year high of $39.76. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The company had revenue of $615.03 million for the quarter, compared to analyst estimates of $617.90 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that Range Resources Co. will post 1.91 EPS for the current fiscal year.

Range Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Insider Buying and Selling at Range Resources

In related news, Director Charles G. Griffie purchased 1,275 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $31.46 per share, with a total value of $40,111.50. Following the acquisition, the director now directly owns 5,921 shares of the company’s stock, valued at approximately $186,274.66. This represents a 27.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On Range Resources

Several hedge funds and other institutional investors have recently bought and sold shares of RRC. Radnor Capital Management LLC boosted its stake in shares of Range Resources by 156.2% during the fourth quarter. Radnor Capital Management LLC now owns 42,993 shares of the oil and gas exploration company’s stock valued at $1,547,000 after purchasing an additional 26,213 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Range Resources during the 4th quarter valued at $4,792,000. GAMMA Investing LLC grew its position in Range Resources by 36.4% during the 4th quarter. GAMMA Investing LLC now owns 4,391 shares of the oil and gas exploration company’s stock worth $158,000 after purchasing an additional 1,172 shares during the last quarter. Versant Capital Management Inc grew its stake in Range Resources by 42.8% during the 4th quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock valued at $56,000 after purchasing an additional 463 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Range Resources by 61.9% in the third quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after acquiring an additional 604,199 shares during the period. Institutional investors own 98.93% of the company’s stock.

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.