RRC - Range Resources Corp Stock Price, Fair Value and News

36.96USD-0.46 (-1.23%)Market Closed

Market Summary

USD36.96-0.46

Market Closed

-1.23%

RRC Alerts

1 major insider buys and 1 major insider sales recently.

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

RRC Stock Price

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RRC RSI Chart

RRC Valuation

Market Cap

9.0B

Price/Earnings (Trailing)

18.61

Price/Sales (Trailing)

4.08

EV/EBITDA

6.38

Price/Free Cashflow

10.74

RRC Price/Sales (Trailing)

RRC Profitability

EBT Margin

36.51%

Return on Equity

12.59%

Return on Assets

6.54%

Free Cashflow Yield

9.31%

RRC Fundamentals

RRC Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

-45.6%

Rev. Growth (Qtr)

38.4%

RRC Earnings

Earnings (TTM)

481.8M

Earnings Growth (Yr)

-80.86%

Earnings Growth (Qtr)

-70.28%

Breaking Down RRC Revenue

Last 7 days

7.0%

Last 30 days

3.1%

Last 90 days

29.9%

Trailing 12 Months

44.7%

How does RRC drawdown profile look like?

RRC Financial Health

Current Ratio

1.35

RRC Investor Care

Dividend Yield

0.87%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

0.56%

Diluted EPS (TTM)

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.2B	0	0	0
2023	5.9B	4.9B	3.9B	2.7B
2022	3.1B	3.9B	4.5B	4.9B
2021	1.9B	2.2B	2.7B	3.6B
2020	2.5B	2.0B	1.8B	1.9B
2019	3.3B	3.5B	3.3B	2.6B
2018	2.6B	2.6B	2.9B	3.3B
2017	1.5B	2.1B	2.2B	2.6B
2016	1.5B	1.3B	1.3B	1.1B
2015	2.4B	2.2B	2.1B	1.6B
2014	2.0B	1.8B	2.0B	2.4B
2013	1.5B	1.8B	1.9B	1.9B
2012	1.3B	1.4B	1.3B	1.5B
2011	855.4M	988.2M	1.2B	1.2B
2010	848.5M	897.9M	936.5M	951.6M
2009	1.0B	833.4M	657.8M	782.0M
2008	0	936.0M	1.0B	1.1B
2007	0	0	0	860.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Range Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	griffie charles g.	bought	51,975	34.65	1,500	-
Apr 29, 2024	funk james m	gifted	-74,780	37.39	-2,000	-
Apr 25, 2024	kavanaugh ashley	sold	-603,131	37.7476	-15,978	vp, principal accting officer
Mar 22, 2024	kavanaugh ashley	acquired	6,243	33.21	188	vp, principal accting officer
Feb 29, 2024	degner dennis	acquired	3,554,750	31.62	112,421	chief executive officer & pres
Feb 29, 2024	scucchi mark	acquired	3,585,870	31.62	113,405	evp & cfo
Feb 06, 2024	mcdowell erin w	acquired	649,996	28.08	23,148	svp & general counsel
Feb 06, 2024	scucchi mark	acquired	1,040,000	28.08	37,037	evp & cfo
Feb 06, 2024	degner dennis	acquired	1,899,980	28.08	67,663	chief executive officer & pres

Which funds bought or sold RRC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Arizona State Retirement System	reduced	-1.71	229,504	2,283,260	0.02%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-54.72	-4,859,580	5,102,730	-%
May 07, 2024	SEI INVESTMENTS CO	reduced	-3.22	906,690	10,479,900	0.01%
May 07, 2024	OPPENHEIMER & CO INC	reduced	-76.56	-1,589,470	573,535	0.01%
May 07, 2024	CHILTON CAPITAL MANAGEMENT LLC	unchanged	-	17,955	154,935	0.01%
May 07, 2024	Empowered Funds, LLC	added	90.16	1,527,830	2,855,350	0.03%
May 07, 2024	BRUNI J V & CO /CO	sold off	-100	-22,625,400	-	-%
May 07, 2024	Allegheny Financial Group LTD	added	68.61	348,644	732,976	0.23%
May 07, 2024	TLS Advisors LLC	unchanged	-	191,000	1,650,000	3.84%
May 07, 2024	M&T Bank Corp	reduced	-8.33	13,139	352,449	-%

Are Funds Buying or Selling RRC?

Are funds buying RRC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RRC

No. of Funds

RRC Alerts

1 major insider buys and 1 major insider sales recently.
Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

Unveiling Range Resources Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 10, 2024	vanguard group inc	10.11%	24,490,249	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	6.7%	16,083,197	SC 13G
Feb 13, 2024	vanguard group inc	9.75%	23,531,238	SC 13G/A
Feb 12, 2024	price t rowe associates inc /md/	9.5%	22,877,371	SC 13G
Feb 12, 2024	price t rowe associates inc /md/	10.9%	26,409,755	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	9.3%	22,530,640	SC 13G/A
Aug 10, 2023	price t rowe associates inc /md/	10.0%	24,255,437	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	10.25%	24,766,887	SC 13G/A

Recent SEC filings of Range Resources Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	8-K	Current Report
May 06, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 25, 2024	144	Notice of Insider Sale Intent
Apr 25, 2024	4	Insider Trading
Apr 24, 2024	8-K	Current Report
Apr 23, 2024	10-Q	Quarterly Report
Apr 12, 2024	ARS	ARS
Apr 11, 2024	8-K	Current Report
Apr 10, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Range Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	458.0B	341.1B	-3.65%	6.42%	13.96	1.34	-16.75%	-46.83%
CVX	300.2B	198.9B	0.78%	2.14%	14.79	1.51	-18.05%	-43.28%
OXY	56.4B	27.7B	-7.39%	7.95%	13.06	2.04	-22.75%	-55.41%
MRO	15.2B	6.6B	-8.51%	17.82%	10.61	2.3	-15.57%	-47.38%
CHK	11.6B	6.4B	-2.01%	13.18%	10.97	1.8	-54.63%	-85.10%
MID-CAP
RRC	9.0B	2.2B	3.10%	44.71%	18.61	4.08	-62.59%	-77.29%
HP	3.8B	2.7B	-11.14%	20.77%	10.75	1.38	2.93%	8.77%
CNX	3.6B	2.5B	-2.36%	51.35%	3.55	1.42	-6.59%	-31.79%
KOS	2.8B	1.7B	1.69%	-5.21%	12.77	1.64	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	283.6M	304.0M	2.58%	1.42%	9.27	0.93	-28.78%	-93.34%
AMTX	176.4M	186.7M	-21.14%	114.51%	-3.8	0.94	-27.21%	56.92%
BATL	93.1M	220.8M	-14.63%	-12.52%	-30.56	0.42	-38.52%	-116.44%
AE	71.6M	2.8B	-6.97%	-25.60%	41.81	0.03	-15.01%	137.22%
BRN	28.7M	23.9M	12.16%	5.54%	-10.57	1.2	-21.86%	-149.09%

Range Resources Corp News

Latest updates

Range Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	38.4%	645	466	571	513	1,186	1,652	1,568	1,465	181	1,257	955	684	684	397	424	383	694	348	622	851	810
Costs and Expenses	-3.5%	535	554	545	592	583	633	678	669	754	657	683	592	596	556	1,085	566	499	2,910	697	696	741
S&GA Expenses	-0.1%	44.00	44.00	38.00	40.00	43.00	42.00	41.00	43.00	43.00	41.00	49.00	40.00	38.00	40.00	38.00	38.00	42.00	43.00	41.00	51.00	47.00
EBITDA Margin	24.5%	0.58*	0.47*	0.33*	0.26*	0.22*	0.27*	0.30*	0.35*	0.45*	0.39*	0.51*	0.63*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.3%	30.00	30.00	31.00	31.00	32.00	37.00	39.00	42.00	47.00	56.00	57.00	57.00	57.00	49.00	48.00	49.00	48.00	44.00	47.00	52.00	52.00
Income Taxes	-76.3%	18.00	77.00	16.00	15.00	122	184	60.00	103	-116	19.00	-29.68	-1.26	3.00	4.00	-36.51	-22.27	29.00	-498	-47.22	40.00	6.00
EBT Margin	24.6%	0.37*	0.29*	0.20*	0.16*	0.14*	0.16*	0.18*	0.21*	0.26*	0.22*	0.29*	0.37*	-	-	-	-	-	-	-	-	-
Net Income	-70.3%	92.00	310	49.00	30.00	481	814	373	453	-456	891	-350	-156	27.00	38.00	-748	-167	166	-1,805	-27.58	115	1.00
Net Income Margin	-31.1%	0.22*	0.32*	0.35*	0.35*	0.36*	0.24*	0.28*	0.14*	-0.02*	0.12*	-0.16*	-0.38*	-	-	-	-	-	-	-	-	-
Free Cashflow	46.8%	332	226	150	126	475	613	521	325	406	318	192	174	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.3%	7,372	7,204	6,846	6,790	6,882	6,626	6,920	6,615	6,560	6,661	6,304	6,229	6,175	6,137	6,013	6,452	6,590	6,612	8,854	9,728	9,635
Current Assets	-1.0%	862	870	596	562	694	540	862	669	576	737	412	340	309	290	209	332	467	428	412	459	388
Cash Equivalents	61.9%	343	212	163	162	228	0.00	157	0.00	113	214	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	0.00	1.00	0.00
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26.00	27.00	25.00
Net PPE	39.3%	2.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	3.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	6.00	7.00	9.00
Liabilities	3.1%	3,545	3,438	3,398	3,403	3,577	3,750	4,756	4,638	4,960	4,575	5,123	4,706	4,511	4,499	4,419	4,116	4,094	4,265	4,696	5,546	5,572
Current Liabilities	9.5%	638	583	644	652	757	1,021	2,090	2,028	2,337	1,152	1,646	926	695	707	630	530	490	567	557	614	671
LT Debt, Current	-	-	-	-	-	-	-	528	532	749	218	218	-	45.00	45.00	45.00	59.00	-	-	-	-	-
Shareholder's Equity	1.6%	3,827	3,766	3,448	3,388	3,305	2,876	2,163	1,977	1,600	2,086	1,181	1,523	1,664	1,638	1,594	2,336	2,496	2,347	4,158	4,182	4,063
Retained Earnings	4.3%	-1,596	-1,668	-1,959	-1,989	-2,000	-2,462	-3,257	-3,611	-4,063	-3,607	-4,498	-4,148	-3,991	-4,018	-4,057	-3,308	-3,140	-3,306	-1,496	-1,463	-1,574
Additional Paid-In Capital	-0.2%	5,869	5,880	5,843	5,813	5,740	5,765	5,757	5,749	5,708	5,720	5,707	5,699	5,683	5,684	5,679	5,673	5,664	5,660	5,653	5,645	5,635
Accumulated Depreciation	0.5%	71.00	71.00	73.00	73.00	73.00	72.00	72.00	72.00	72.00	71.00	71.00	77.00	76.00	76.00	75.00	80.00	77.00	97.00	96.00	105	104
Shares Outstanding	1.5%	241	237	241	238	238	241	243	244	245	243	243	243	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	7,721	-	-	-	5,979	-	-	-	4,229	-	-	-	1,405	-	-	-	1,734	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	46.8%	331,930	226,095	150,251	126,590	474,956	612,655	520,969	324,706	406,414	317,659	191,854	174,183	109,252	89,706	-24,294	78,762	124,506	132,412	103,915	184,822	260,694
Cashflow From Investing	2.5%	-153,889	-157,816	-152,230	-153,366	-138,293	-115,148	-146,330	-123,342	-105,012	-88,963	-110,391	-106,125	-112,400	-93,388	173,665	-124,494	-139,865	-158,699	574,090	-163,954	-211,959
Cashflow From Financing	-145.5%	-46,904	-19,106	2,705	-38,782	-109,237	-654,444	-217,851	-313,939	-402,893	-14,752	-81,449	-68,043	3,139	3,623	-149,422	45,772	15,341	26,479	-678,158	-20,849	-48,792
Dividend Payments	0.6%	19,407	19,292	19,309	19,306	19,334	19,112	19,526	-	-	-	-	-	-	-	-	-	-	4,993	5,028	5,026	5,023

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RRC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues and other income:
Total Revenues from Contracts with Customers	$ 598,771	$ 818,393
Derivative fair value income	46,598	367,967
Total revenues and other income	645,369	1,186,360
Costs and expenses:
Taxes other than income	5,368	7,894
Brokered natural gas and marketing	31,603	67,068
Exploration	4,526	4,604
Abandonment and impairment of unproved properties	2,371	7,510
General and administrative	43,941	43,146
Exit costs	10,315	12,323
Deferred compensation plan	6,405	9,396
Interest	30,476	32,202
Gain on early extinguishment of debt	(64)	0
Depletion, depreciation and amortization	87,137	86,562
Gain on the sale of assets	(87)	(138)
Total costs and expenses	535,027	583,034
Income before income taxes	110,342	603,326
Income tax expense:
Current	1,582	2,699
Deferred	16,622	119,180
Income tax expense (benefit)	18,204	121,879
Net income	$ 92,138	$ 481,447
Net income per common share:
Basic	$ 0.38	$ 1.98
Diluted	0.38	1.95
Dividends declared per share	$ 0.08	$ 0.08
Weighted average common shares outstanding:
Basic	240,505	238,019
Diluted	242,406	240,882
Natural Gas, NGLs and Oil Sales
Revenues and other income:
Total Revenues from Contracts with Customers	$ 567,001	$ 736,282
Brokered Natural Gas, Marketing and Other
Revenues and other income:
Total Revenues from Contracts with Customers	31,770	82,111
Direct Operating
Costs and expenses:
Costs and expenses	22,161	26,984
Transportation, Gathering, Processing and Compression
Costs and expenses:
Costs and expenses	$ 290,875	$ 285,483

RRC Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 343,111

$ 211,974

Accounts receivable, less allowance for doubtful accounts of $308 in 2024 and 2023

167,215

274,669

Contingent consideration receivable

8,000

Derivative assets

299,987

341,330

Prepaid assets

23,355

18,159

Other current assets

19,972

15,992

Total current assets

861,640

870,124

Derivative assets

78,093

101,641

Natural gas properties, successful efforts method

^[1]

11,393,388

11,225,482

Accumulated depletion and depreciation

^[1]

(5,193,291)

(5,107,801)

Natural gas and oil properties, successful efforts method, net

^[1]

6,200,097

6,117,681

Other property and equipment

73,642

72,639

Accumulated depreciation and amortization

(71,279)

(70,943)

Other Property and equipment, net

2,363

1,696

Operating lease right-of-use assets

148,225

23,821

Other assets

81,383

88,922

Total assets

7,371,801

7,203,885

Current liabilities:

Accounts payable

150,500

110,134

Asset retirement obligations

2,395

Accrued liabilities

250,430

290,579

Deferred compensation liabilities

34,544

44,149

Accrued interest

27,187

37,261

Derivative liabilities

10,744

222

Operating lease liabilities

81,044

11,584

Divestiture contract obligation

81,432

86,762

Total current liabilities

638,276

583,086

Senior notes

1,755,713

1,774,229

Deferred tax liabilities

577,906

561,288

Derivative liabilities

470

107

Deferred compensation liabilities

80,943

72,976

Operating lease liabilities

70,852

16,064

Asset retirement obligations and other liabilities

122,463

119,896

Divestiture contract obligation

298,411

310,688

Total liabilities

3,545,034

3,438,334

Commitments and contingencies

Stockholders’ Equity

Preferred stock, $1 par, 10,000,000 shares authorized, none issued and outstanding

Common stock, $0.01 par, 475,000,000 shares authorized, 267,310,053 issued at March 31, 2024 and 265,756,369 issued at December 31, 2023

2,673

2,658

Common stock held in treasury, at cost, 24,716,065 shares at March 31, 2024 and 24,716,065 shares at December 31, 2023

(448,681)

Additional paid-in capital

5,868,617

5,879,705

Accumulated other comprehensive income

632

647

Retained deficit

(1,596,474)

(1,668,778)

Total stockholders' equity

3,826,767

3,765,551

Total liabilities and stockholders’ equity

$ 7,371,801

$ 7,203,885

[1]	Includes capitalized asset retirement costs and the associated accumulated amortization.

About Range Resources Corp

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. The company was founded in 1976 and is headquartered in Fort Worth, Texas.

CEO	Mr. Dennis L. Degner
WEBSITE	rangeresources.com
INDUSTRY	Oil - E&P
EMPLOYEES	544

Range Resources Corp Frequently Asked Questions

What is the ticker symbol for Range Resources Corp? What does RRC stand for in stocks?

RRC is the stock ticker symbol of Range Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Range Resources Corp (RRC)?

As of Wed May 08 2024, market cap of Range Resources Corp is 8.97 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RRC stock?

You can check RRC's fair value in chart for subscribers.

What is the fair value of RRC stock?

You can check RRC's fair value in chart for subscribers. The fair value of Range Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Range Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RRC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Range Resources Corp a good stock to buy?

The fair value guage provides a quick view whether RRC is over valued or under valued. Whether Range Resources Corp is cheap or expensive depends on the assumptions which impact Range Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RRC.

What is Range Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, RRC's PE ratio (Price to Earnings) is 18.61 and Price to Sales (PS) ratio is 4.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RRC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Range Resources Corp's stock?

In the past 10 years, Range Resources Corp has provided -0.084 (multiply by 100 for percentage) rate of return.