Range Resources Earnings: Shares Trade With EQT, Not Performance
Range reported production of 2.5 billion feet per day natural gas equivalent (bcfe/d), versus full-year guidance of 2.375 bcfe/d.
Range Resources Corp RRC
Bulls Say, Bears Say
Bulls
As an early entrant in 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.
News
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Are SGRY, RRC, FCBC Obtaining Fair Deals for their Shareholders?
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Range Resources Corporation (NYSE: RRC)
Range Resources Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Range Resources Corporation - RRC
Are SGRY, RRC, EQT Obtaining Fair Deals for their Shareholders?
RRC SHAREHOLDER ALERT: ADEMI LLP INVESTIGATES WHETHER BUYOUT FAIRLY VALUES RANGE RESOURCES CORPORATION
RRC Stock Alert: Halper Sadeh LLC is Investigating Whether Range Resources Corporation is Obtaining a Fair Price for its Shareholders
Articles & Videos
Trading Information
- Previous Close Price
- $48.85
- Day Range
- $48.32–51.58
- 52-Week Range
- $32.68–56.90
- Bid/Ask
- $50.90 / $51.85
- Shares Outstanding
- 233.69M
- Market Cap
- $11.96B
- Volume/Avg
- 3M / 4M
Key Statistics
- Price/Earnings (Normalized)
- 13.13
- Price/Sales
- 3.56
- Dividend Yield (Trailing)
- 0.76%
- Dividend Yield (Forward)
- 0.78%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 2.09%
Company Profile
Range Resources is an exploration and production firm whose operations represent a pure play in the Marcellus shale, located in the Appalachian region of Southwest Pennsylvania. The company went public as Lomak Petroleum in 1980 and later reorganized as Range Resources in 1998. After an expensive 10-year venture with a multibasin strategy, Range Resources found its identity as an Appalachian natural gas producer, offloading its Permian assets in 2013. Range quickly became a leading US gas producer after its merger with Memorial Resource Development in 2016. Following the merger, Range saw its operational unit costs rise to an uncompetitive level and subsequently sold the assets in 2020 to return to its roots as an Appalachian producer.
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Stock Style Box
- Small Core
- Total Number of Employees
- 564
Competitors
Valuation
Metric | RRC | AR | EQT |
|---|---|---|---|
Price/Earnings (Normalized) | 13.13 | 15.15 | 12.90 |
Price/Book Value | 2.46 | 1.34 | 1.28 |
Price/Sales | 3.56 | 2.01 | 3.51 |
Price/Cash Flow | 7.80 | 5.24 | 5.13 |
Price/Earnings
RRC
AR
EQT
Financial Strength
Metric | RRC | AR | EQT |
|---|---|---|---|
Quick Ratio | 0.48 | 0.23 | 0.51 |
Current Ratio | 0.74 | 0.39 | 0.71 |
Interest Coverage | 16.62 | 14.30 | 11.69 |
Quick Ratio
RRC
AR
EQT
Profitability
Metric | RRC | AR | EQT |
|---|---|---|---|
Return on Assets (Normalized) | 12.51% | 7.51% | 6.11% |
Return on Equity (Normalized) | 20.51% | 13.61% | 10.32% |
Return on Invested Capital (Normalized) | 17.42% | 9.69% | 8.06% |
Return on Assets
RRC
AR
EQT
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|---|---|---|---|---|---|---|
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| Canadian Natural Resources Ltd CNQ | LOCK|RJ$r^Sd | LOCK|%M?< | $99B | |||
| EOG Resources Inc EOG | LOCK|!HCQdr> | LOCK|qT%?j | $79B | |||
| Occidental Petroleum Corp OXY | LOCK|$k | LOCK|#!$ | $57B | |||
| Diamondback Energy Inc FANG | LOCK|#nZ<&%% | LOCK|>VR@ | $50B | |||
| Devon Energy Corp DVN | LOCK|P$Nlb#h> | LOCK|v>l!M | $49B | |||
| EQT Corp EQT | LOCK|#dc>G?VD | LOCK|V%& | $33B | |||
| Expand Energy Corp Ordinary Shares - New EXE | LOCK|X#gzMN | LOCK|!Y | $20B | |||
| Ovintiv Inc OVV | LOCK|j>!?^Df | LOCK|>R | $17B |
United States