Range Resources Q4 EPS Forecast Cut by Capital One Financial

Range Resources Co. (NYSE:RRC) – Research analysts at Capital One Financial reduced their Q4 2024 EPS estimates for shares of Range Resources in a research note issued to investors on Wednesday, October 23rd. Capital One Financial analyst B. Velie now anticipates that the oil and gas exploration company will earn $0.48 per share for the quarter, down from their previous estimate of $0.52. The consensus estimate for Range Resources’ current full-year earnings is $1.88 per share. Capital One Financial also issued estimates for Range Resources’ Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.67 EPS and FY2025 earnings at $2.62 EPS.

Range Resources (NYSE:RRC) last announced its earnings results on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. The firm had revenue of $615.03 million for the quarter, compared to the consensus estimate of $617.90 million. Range Resources had a return on equity of 13.93% and a net margin of 17.62%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS.

Several other research analysts have also issued reports on RRC. Mizuho lowered their price target on shares of Range Resources from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Piper Sandler downgraded shares of Range Resources from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $43.00 to $31.00 in a research note on Thursday, August 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $39.00 price target on shares of Range Resources in a research report on Thursday, July 25th. Benchmark reissued a “hold” rating on shares of Range Resources in a research report on Wednesday. Finally, Morgan Stanley cut their target price on Range Resources from $33.00 to $31.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.12.

Range Resources Price Performance

Range Resources stock opened at $31.44 on Friday. The stock’s 50 day moving average is $30.23 and its 200 day moving average is $33.06. Range Resources has a one year low of $27.29 and a one year high of $39.33. The firm has a market cap of $7.63 billion, a P/E ratio of 15.96 and a beta of 1.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.58 and a quick ratio of 0.58.

Institutional Investors Weigh In On Range Resources

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 705 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Range Resources during the third quarter valued at about $49,000. Fifth Third Bancorp boosted its holdings in Range Resources by 21.2% during the second quarter. Fifth Third Bancorp now owns 1,709 shares of the oil and gas exploration company’s stock worth $57,000 after purchasing an additional 299 shares during the last quarter. Perkins Coie Trust Co purchased a new position in Range Resources during the second quarter worth about $67,000. Finally, International Assets Investment Management LLC purchased a new stake in Range Resources in the 2nd quarter valued at about $67,000. Institutional investors own 98.93% of the company’s stock.

Insider Activity

In related news, VP Ashley Kavanaugh sold 12,700 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $31.45, for a total value of $399,415.00. Following the sale, the vice president now owns 9,670 shares in the company, valued at $304,121.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.57% of the company’s stock.

Range Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, September 13th. Range Resources’s dividend payout ratio (DPR) is 16.24%.

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.