Zacks Research Cuts Earnings Estimates for Range Resources

Range Resources Corporation (NYSE:RRC) – Stock analysts at Zacks Research dropped their Q2 2026 EPS estimates for shares of Range Resources in a note issued to investors on Friday, July 10th. Zacks Research analyst Team now anticipates that the oil and gas exploration company will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.48. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Range Resources’ current full-year earnings is $3.50 per share.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, beating 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $898.20 million. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue was up 49.8% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. Barclays raised their price objective on Range Resources from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Stephens dropped their price target on shares of Range Resources from $53.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group reduced their price objective on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Bank of America upped their price objective on shares of Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, Freedom Capital upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Range Resources Stock Performance

RRC opened at $35.47 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $8.36 billion, a PE ratio of 9.38 and a beta of 0.41. The stock has a 50-day moving average of $39.11 and a 200-day moving average of $39.33. Range Resources has a 52-week low of $32.60 and a 52-week high of $48.31.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. Range Resources’s payout ratio is 10.58%.

Institutional Investors Weigh In On Range Resources

Several hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Range Resources in the fourth quarter worth $34,000. Root Financial Partners LLC raised its position in shares of Range Resources by 37.8% during the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 276 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Range Resources in the first quarter valued at about $59,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Range Resources in the fourth quarter valued at about $57,000. Finally, Basepoint Wealth LLC acquired a new stake in Range Resources during the fourth quarter worth about $61,000. 98.93% of the stock is owned by institutional investors.

About Range Resources

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.