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Range Resources Corp RRC

Morningstar Rating
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Stock XNYS Rating as of
$35.25 −1.01 (2.79%)
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As of Delayed Price Closed
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Company Report

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Finding Undervalued Opportunities From AI and Data Center Demand in E&Ps and Midstream

Stephen Ellis

We think AI and data center demand offers a potentially sizable growth opportunity across our US E&P and US & Canadian midstream coverage list. We consider Chart Industries, Energy Transfer, Enbridge, Kinder Morgan, and TC Energy as undervalued ways to play this trend. Cheniere Energy and Williams are more fairly valued, while Antero, Range, and likely EQT (not covered) are obvious direct opportunities and appear expensive.

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Price vs Fair Value

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RRC is trading within a range we consider fairly valued.
Price
$35.25
Fair Value
$38.00
Uncertainty
High
1-Star Price
$32.90
5-Star Price
$22.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As an early entrant into the Marcellus, Range Resources has a big, blocky acreage position with plentiful undrilled low-cost acreage.

Bears

Range Resources has optimistic views about its own valuation, which could lead management to buy back stock at top-of-cycle price levels.

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News

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Trading Information

Previous Close Price
$36.26
Day Range
$35.06–36.49
52-Week Range
$26.29–39.33
Bid/Ask
$34.21 / $35.25
Market Cap
$8.55 Bil
Volume/Avg
1.5 Mil / 2.3 Mil

Key Statistics

Price/Earnings (Normalized)
11.56
Price/Sales
3.63
Dividend Yield (Trailing)
0.91%
Dividend Yield (Forward)
0.91%
Total Yield
1.04%

Company Profile

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Small Core
Total Number of Employees
548
Website
https://www.rangeresources.com

Competitors

Valuation

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Metric
RRC
OXY
AR
Price/Earnings (Normalized)
 11.5618.49338.86
Price/Book Value
 2.232.361.46
Price/Sales
 3.632.112.51
Price/Cash Flow
 8.415.2211.30
Price/Earnings
RRC
OXY
AR

Financial Strength

Metric
RRC
OXY
AR
Quick Ratio
 0.810.520.26
Current Ratio
 1.350.950.29
Interest Coverage
 5.856.612.25
Quick Ratio
RRC
OXY
AR

Profitability

Metric
RRC
OXY
AR
Return on Assets (Normalized)
 7.17%4.28%1.37%
Return on Equity (Normalized)
 14.19%14.61%2.70%
Return on Invested Capital (Normalized)
 11.11%7.35%2.46%
Return on Assets
RRC
OXY
AR
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Oil & Gas E&P Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
ConocoPhillips
COP
FkklwnyhkHgdxrn$127.4 Bil
 EOG Resources Inc
EOG
DvdjrdzcpRrhpbh$68.0 Bil
 Occidental Petroleum Corp
OXY
PygvtfhyCww$53.1 Bil
 Hess Corp
HES
NbkrmjnnLnpkn$44.3 Bil
 Diamondback Energy Inc
FANG
TbwjkwtxrzPlsbb$33.9 Bil
 Devon Energy Corp
DVN
PggywrgyRwppsg$28.8 Bil
 EQT Corp
EQT
HfgdgxssKtlnh$17.8 Bil
 Marathon Oil Corp
MRO
FsjbmdsnKbvt$15.3 Bil
 APA Corp
APA
TtztlkypPtfpc$10.3 Bil
 Antero Resources Corp
AR
KpbgbqrnbTwdh$10.3 Bil

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