Range Resources
About: 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.
Employees: 548
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
23% more call options, than puts
Call options by funds: $61.3M | Put options by funds: $49.8M
9% more repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 134
1.28% less ownership
Funds ownership: 96.66% [Q2] → 95.38% (-1.28%) [Q3]
4% less funds holding
Funds holding: 417 [Q2] → 399 (-18) [Q3]
8% less funds holding in top 10
Funds holding in top 10: 12 [Q2] → 11 (-1) [Q3]
10% less capital invested
Capital invested by funds: $7.86B [Q2] → $7.11B (-$747M) [Q3]
26% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 70
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
16%
downside
Avg. target
$38
6%
upside
High target
$47
31%
upside
8 analyst ratings
3 positive
38%
5 neutral
63%
0 negative
0%
Wells Fargo Roger Read 24% 1-year accuracy 24 / 100 met price target | 12%upside $40 | Overweight Maintained | 17 Dec 2024 |
Mizuho Nitin Kumar 31% 1-year accuracy 25 / 80 met price target | 31%upside $47 | Outperform Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 2%downside $35 | Neutral Upgraded | 9 Dec 2024 |
Citigroup Paul Diamond 27% 1-year accuracy 3 / 11 met price target | 6%upside $38 | Neutral Maintained | 6 Dec 2024 |
RBC Capital Scott Hanold 40% 1-year accuracy 17 / 43 met price target | 12%upside $40 | Sector Perform Maintained | 25 Nov 2024 |
Financial journalist opinion
Based on 3 articles about RRC published over the past 30 days
Positive
Seeking Alpha
3 days ago
Oil Be Back! My Top Energy Picks For 2025 And Beyond
The shale boom is fading, but I see massive potential in energy's next phase. I'm focusing on strategic picks positioned for long-term growth. My favorite energy investments are built to thrive in shifting markets. They balance innovation, strong cash flow, and reliable dividends. Looking ahead to 2025 and beyond, I'm excited about these picks. They represent the future of energy and align perfectly with my investment strategy.
Neutral
Zacks Investment Research
3 weeks ago
Here's Why You Should Hold on to Range Resources Stock Right Now
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.
Positive
Zacks Investment Research
4 weeks ago
Cold Weather-Driven Demand Spurs Natural Gas Weekly Gain
Investors would be wise to focus on resilient natural stocks such as LNG, RRC and SHEL.
Positive
Seeking Alpha
1 month ago
5-Bagger Potential: The Explosive Case For Range Resources
Range Resources remains a top pick due to extensive low-cost reserves, strong pricing power, and a commitment to shareholder returns. Improved natural gas fundamentals and tight supply-demand dynamics support significant upside potential, especially if prices stay elevated. Despite high volatility, RRC could achieve triple-digit stock prices, potentially reaching $200 under favorable conditions over the next 10-15 years.
Neutral
GlobeNewsWire
1 month ago
Range Declares Quarterly Dividend
FORT WORTH, Texas, Nov. 29, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.08 per common share is payable on December 27, 2024 to stockholders of record at the close of business on December 13, 2024.
Positive
Seeking Alpha
1 month ago
Thankful Investors - Last 5 Years
We're highlighting the 25 best-performing stocks in the S&P 1500 on a total return basis over the last five years. At the top of the list, above even Nvidia, is Alpha Metallurgical, which mines and produces coal for steel production and power generation. NVDA ranks second, turning $1,000 five years ago into more than $25,000 today, followed by energy drink maker Celsius, MARA Holdings, and GameStop.
Positive
Zacks Investment Research
1 month ago
Why Is Range Resources (RRC) Up 13.6% Since Last Earnings Report?
Range Resources (RRC) reported earnings 30 days ago. What's next for the stock?
Negative
Benzinga
1 month ago
Top 2 Energy Stocks You May Want To Dump This Month
As of Nov. 21, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
Zacks Investment Research
1 month ago
Natural Gas Gains for the Week But Remains Well Supplied
Investors would be wise to focus on resilient natural stocks such as LNG, RRC and SHEL.
Positive
Zacks Investment Research
1 month ago
This Is Why Natural Gas Stocks Have Been Surging Lately
Natural gas names like CRK, AR, EQT and RRC are having a strong month, helped by the commodity's upward march.
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