Range Resources Corporation (NYSE:RRC – Get Free Report) has been given an average recommendation of “Hold” by the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.3333.
A number of research analysts have commented on the company. Barclays boosted their price objective on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Piper Sandler lifted their price objective on shares of Range Resources from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley reduced their target price on shares of Range Resources from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Truist Financial decreased their price objective on shares of Range Resources from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Finally, Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th.
Check Out Our Latest Stock Analysis on Range Resources
Range Resources Stock Down 1.2%
Range Resources (NYSE:RRC – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $898.20 million. During the same period last year, the business posted $0.96 EPS. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. On average, analysts anticipate that Range Resources will post 3.54 EPS for the current year.
Range Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.10 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. Range Resources’s dividend payout ratio (DPR) is presently 10.58%.
Institutional Investors Weigh In On Range Resources
A number of institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in shares of Range Resources during the fourth quarter valued at approximately $34,000. Root Financial Partners LLC lifted its holdings in Range Resources by 37.8% in the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 276 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Range Resources in the fourth quarter valued at approximately $57,000. Western Wealth Management LLC acquired a new position in shares of Range Resources during the 1st quarter valued at $59,000. Finally, Basepoint Wealth LLC bought a new position in shares of Range Resources during the 4th quarter valued at about $61,000. Institutional investors own 98.93% of the company’s stock.
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.
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