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Range Resources Corp RRC

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Stock XNYS Rating as of
$31.78 +0.20 (0.63%)
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Company Report

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Range Resources Earnings: Operations in Line With Expectations Held Back by Weak Commodity Prices

Stephen Ellis,

No-moat Range Resources posted another quarter in line with guidance, with volumes within expectations and hedges making up for another weak quarter for natural gas prices. Even so, we are reducing our fair value estimate to $21 from $22. This is almost entirely the result of slightly worse strip pricing for Henry Hub natural gas and WTI crude oil for the remainder of 2024 and 2025.

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Price vs Fair Value

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RRC is trading at a 375% premium.
Price
$31.78
Fair Value
$58.00
Uncertainty
High
1-Star Price
$52.83
5-Star Price
$38.60
Economic Moat
Krfkn
Capital Allocation
Wnlbjzxs

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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Trading Information

Previous Close Price
$31.58
Day Range
$31.26–31.91
52-Week Range
$27.60–39.33
Bid/Ask
$31.11 / $34.70
Market Cap
$7.69 Bil
Volume/Avg
2.3 Mil / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
10.42
Price/Sales
3.28
Dividend Yield (Trailing)
1.01%
Dividend Yield (Forward)
1.01%
Total Yield
1.26%

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 Value
Total Number of Employees
548
Website
https://www.rangeresources.com

Competitors

Valuation

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Metric
RRC
OXY
AR
Price/Earnings (Normalized)
 10.4218.71302.38
Price/Book Value
 2.002.381.30
Price/Sales
 3.282.142.24
Price/Cash Flow
 7.235.2810.09
Price/Earnings
RRC
OXY
AR

Financial Strength

Metric
RRC
OXY
AR
Quick Ratio
 0.370.520.26
Current Ratio
 0.580.950.29
Interest Coverage
 5.576.612.25
Quick Ratio
RRC
OXY
AR

Profitability

Metric
RRC
OXY
AR
Return on Assets (Normalized)
 7.64%4.28%1.37%
Return on Equity (Normalized)
 14.83%14.61%2.70%
Return on Invested Capital (Normalized)
 11.70%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
SnnlmqzprbJyyxw$129.1 Bil
 EOG Resources Inc
EOG
QnhjdwnbgThbtdq$73.1 Bil
 Occidental Petroleum Corp
OXY
ZqcmtjqgVshql$53.7 Bil
 Hess Corp
HES
CvjwfvjztzNbblcp$46.3 Bil
 Diamondback Energy Inc
FANG
PdtdhdkqtmQlrccr$35.8 Bil
 Devon Energy Corp
DVN
NbhfpmvpRxqmdn$29.1 Bil
 EQT Corp
EQT
RgsdcmxhPgjls$20.4 Bil
 Marathon Oil Corp
MRO
DzplgxhwFgf$15.6 Bil
 APA Corp
APA
HygbgsqqXtkp$11.6 Bil
 Antero Resources Corp
AR
FncgkkqrGgrpj$9.2 Bil

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