Range Resources Q1 EPS Lifted by Capital One Financial

Range Resources Co. (NYSE:RRC) – Equities research analysts at Capital One Financial upped their Q1 2025 earnings per share estimates for Range Resources in a report released on Monday, April 21st. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will post earnings of $0.80 per share for the quarter, up from their prior estimate of $0.74. The consensus estimate for Range Resources’ current full-year earnings is $2.02 per share. Capital One Financial also issued estimates for Range Resources’ FY2025 earnings at $3.80 EPS.

Range Resources (NYSE:RRC) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas exploration company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.55 by $0.13. Range Resources had a return on equity of 13.69% and a net margin of 17.63%. The business had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same quarter in the previous year, the firm earned $0.63 EPS.

A number of other equities analysts have also commented on the stock. Stephens restated an “overweight” rating and issued a $49.00 price target on shares of Range Resources in a research report on Wednesday. Roth Mkm raised Range Resources from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Tuesday, April 8th. Piper Sandler dropped their price target on Range Resources from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays reduced their price objective on Range Resources from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley set a $41.00 target price on Range Resources in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

Range Resources Stock Down 0.5 %

Shares of NYSE:RRC opened at $33.87 on Thursday. The company’s fifty day moving average is $36.81 and its 200-day moving average is $35.70. 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 has a 52 week low of $27.29 and a 52 week high of $41.95. The company has a market capitalization of $8.17 billion, a PE ratio of 17.11, a P/E/G ratio of 5.11 and a beta of 1.73.

Hedge Funds Weigh In On Range Resources

Several institutional investors have recently modified their holdings of RRC. Barclays PLC grew its holdings in Range Resources by 180.8% during the third quarter. Barclays PLC now owns 222,017 shares of the oil and gas exploration company’s stock valued at $6,830,000 after purchasing an additional 142,938 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Range Resources in the 3rd quarter valued at $205,000. Forthright Family Wealth Advisory LLC bought a new stake in shares of Range Resources in the 3rd quarter valued at $445,000. JPMorgan Chase & Co. raised its stake in Range Resources by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,579,579 shares of the oil and gas exploration company’s stock worth $48,588,000 after buying an additional 604,199 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Range Resources by 42.8% during the fourth quarter. Versant Capital Management Inc now owns 1,544 shares of the oil and gas exploration company’s stock worth $56,000 after acquiring an additional 463 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Range Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. This is a boost from Range Resources’s previous quarterly dividend of $0.08. Range Resources’s dividend payout ratio (DPR) is 32.73%.

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.