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Range Resources Corp RRC

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Stock XNYS Rating as of
$36.97 −0.45 (1.20%)
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As of Delayed Price Closed
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Company Report

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Range Resources Earnings: Maintenance Capital Plan Yields Unchanged Valuation

Stephen Ellis,

No-moat Range Resources posted results consistent with guidance. Production came in at the midpoint of 2.14 billion of cubic feet equivalent per day, while unit costs were reasonably in range. Overall, there was nothing unexpected reported this quarter, as management has focused on maintaining production and executing a maintenance capital plan. As a result, we have left our fair value estimate unchanged at $22 per share.

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Price vs Fair Value

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RRC is trading at a 68% premium.
Price
$36.97
Fair Value
$89.00
Uncertainty
High
1-Star Price
$15.20
5-Star Price
$77.60
Economic Moat
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Capital Allocation
Ftcqkfn

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
$37.42
Day Range
$36.96–37.37
52-Week Range
$24.61–38.25
Bid/Ask
$36.51 / $37.78
Market Cap
$8.97 Bil
Volume/Avg
1.6 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
12.27
Price/Sales
3.85
Dividend Yield (Trailing)
0.86%
Dividend Yield (Forward)
0.86%
Total Yield
0.98%

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)
 12.2720.11347.65
Price/Book Value
 2.372.561.50
Price/Sales
 3.852.302.57
Price/Cash Flow
 8.925.6811.60
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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