Zacks Research Raises Earnings Estimates for Range Resources

Range Resources Corporation (NYSE:RRC) – Equities researchers at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for Range Resources in a research report issued on Friday, May 29th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.99. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Range Resources’ current full-year earnings is $3.71 per share. Zacks Research also issued estimates for Range Resources’ Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.65 EPS and Q4 2027 earnings at $0.75 EPS.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $898.20 million. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s revenue was up 49.8% on a year-over-year basis.

Several other equities analysts have also recently commented on the company. Barclays boosted their target price on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Citigroup cut their price objective on Range Resources from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Bank of America upped their price objective on Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley upped their price objective on Range Resources from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Range Resources Price Performance

Range Resources stock opened at $38.94 on Monday. Range Resources has a 52 week low of $32.60 and a 52 week high of $48.31. The business has a 50-day simple moving average of $42.65 and a 200 day simple moving average of $39.32. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 10.30 and a beta of 0.42.

Institutional Investors Weigh In On Range Resources

A number of hedge funds and other institutional investors have recently modified their holdings of RRC. Boston Partners lifted its stake in shares of Range Resources by 59.3% in the 3rd quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after acquiring an additional 4,398,042 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Range Resources by 517.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock valued at $91,852,000 after acquiring an additional 2,045,165 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Range Resources in the 3rd quarter valued at about $66,560,000. UBS Group AG lifted its stake in shares of Range Resources by 66.3% in the 4th quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock valued at $126,532,000 after acquiring an additional 1,430,477 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Range Resources in the 1st quarter valued at about $64,481,000. Institutional investors own 98.93% of the company’s stock.

Insider Activity

In other news, Director Brenda A. Cline sold 7,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total value of $310,800.00. Following the completion of the transaction, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. This represents a 19.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Range Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, June 12th. Range Resources’s dividend payout ratio is presently 10.58%.

Range Resources Company Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.