Zacks Research Raises Earnings Estimates for Range Resources

Range Resources Co. (NYSE:RRC) – Zacks Research boosted their Q1 2025 EPS estimates for shares of Range Resources in a report issued on Thursday, February 13th. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings per share of $0.79 for the quarter, up from their previous forecast of $0.74. The consensus estimate for Range Resources’ current full-year earnings is $2.03 per share. Zacks Research also issued estimates for Range Resources’ Q2 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.88 EPS and FY2025 earnings at $2.77 EPS.

A number of other brokerages have also weighed in on RRC. StockNews.com raised Range Resources to a “sell” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $40.00 price target on shares of Range Resources in a report on Tuesday, January 14th. Benchmark reiterated a “hold” rating on shares of Range Resources in a report on Friday, January 17th. Finally, Barclays boosted their target price on shares of Range Resources from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Range Resources currently has an average rating of “Hold” and a consensus target price of $38.78.

Range Resources Stock Performance

Shares of RRC opened at $38.98 on Monday. Range Resources has a 1 year low of $27.29 and a 1 year high of $41.95. The company’s 50 day simple moving average is $37.36 and its 200 day simple moving average is $33.48. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 19.69 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 0.54.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s payout ratio is 16.16%.

Hedge Funds Weigh In On Range Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Range Resources during the third quarter worth about $25,000. Smartleaf Asset Management LLC increased its holdings in Range Resources by 87.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 471 shares during the last quarter. UMB Bank n.a. raised its position in shares of Range Resources by 59.0% in the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after purchasing an additional 426 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Range Resources during the 4th quarter valued at approximately $42,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Range Resources during the fourth quarter worth approximately $46,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

About Range Resources

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.