Recent Analysts’ Ratings Changes for Range Resources (RRC)

Range Resources (NYSE: RRC) has recently received a number of price target changes and ratings updates:

• 12/17/2024 – Range Resources had its price target raised by analysts at Wells Fargo & Company from $38.00 to $40.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Range Resources had its price target raised by analysts at Mizuho from $40.00 to $47.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Range Resources was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $35.00 price target on the stock, up previously from $28.00.
• 12/6/2024 – Range Resources had its price target raised by analysts at Citigroup Inc. from $33.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Range Resources was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/25/2024 – Range Resources had its price target raised by analysts at Royal Bank of Canada from $35.00 to $40.00. They now have a “sector perform” rating on the stock.
• 11/18/2024 – Range Resources had its price target lowered by analysts at Piper Sandler from $31.00 to $30.00. They now have a “neutral” rating on the stock.
• 11/12/2024 – Range Resources was upgraded by analysts at StockNews.com to a “sell” rating.
• 10/28/2024 – Range Resources is now covered by analysts at Bank of America Co.. They set a “neutral” rating and a $34.00 price target on the stock.
• 10/25/2024 – Range Resources had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $38.00. They now have an “equal weight” rating on the stock.

Range Resources Stock Up 1.5 %

NYSE:RRC traded up $0.50 during mid-day trading on Tuesday, hitting $34.70. The stock had a trading volume of 838,978 shares, compared to its average volume of 2,330,168. Range Resources Co. has a twelve month low of $27.29 and a twelve month high of $39.33. The stock has a 50-day simple moving average of $33.21 and a two-hundred day simple moving average of $32.26. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $8.37 billion, a PE ratio of 17.53 and a beta of 1.85.

Range Resources (NYSE:RRC) last released its quarterly earnings data on Tuesday, October 22nd. The oil and gas exploration company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. The business 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 13.69% and a net margin of 17.63%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. On average, equities research analysts anticipate that Range Resources Co. will post 1.91 EPS for the current year.

Range Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.92%. Range Resources’s payout ratio is 16.16%.

Insider Transactions at Range Resources

In other news, Director Charles G. Griffie bought 1,275 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $31.46 per share, with a total value of $40,111.50. Following the completion of the acquisition, the director now directly owns 5,921 shares in the company, valued at approximately $186,274.66. The trade was a 27.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On Range Resources

Large investors have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in Range Resources in the third quarter valued at $25,000. Blue Trust Inc. increased its holdings 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 acquired a new position in Range Resources during the third quarter worth about $49,000. Fifth Third Bancorp raised its position 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 acquiring an additional 299 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Range Resources in the second quarter valued at about $67,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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.