Range Resources (NYSE:RRC) Posts Quarterly Earnings Results, Hits Expectations

Range Resources (NYSE:RRC) released its earnings results on Tuesday. The oil and gas exploration company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76, Zacks reports. Range Resources had a net margin of 25.04% and a return on equity of 18.63%.

Range Resources Price Performance

Shares of RRC stock traded up $2.62 during mid-day trading on Tuesday, reaching $56.18. The company’s stock had a trading volume of 15,953,942 shares, compared to its average volume of 3,284,645. The firm’s 50-day moving average is $40.98 and its two-hundred day moving average is $39.90. The company has a market cap of $13.13 billion, a P/E ratio of 15.52 and a beta of 0.71. Range Resources has a 1-year low of $32.68 and a 1-year high of $56.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.10 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Range Resources’s dividend payout ratio is currently 11.05%.

Insider Buying and Selling at Range Resources

In other news, Director Reginal Spiller sold 3,500 shares of Range Resources stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $40.00, for a total transaction of $140,000.00. Following the sale, the director directly owned 13,421 shares in the company, valued at approximately $536,840. The trade was a 20.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

RRC has been the topic of several research reports. Wells Fargo & Company lowered their price target on Range Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Barclays upped their price target on Range Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. Stephens raised their price objective on Range Resources from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. UBS Group decreased their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Finally, Citigroup restated a “neutral” rating on shares of Range Resources in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.78.

Key Headlines Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: EQT merger boosts valuation expectations: EQT will exchange 0.987 shares of EQT for each Range share, implying a transaction value of approximately $13 billion. The combined company is expected to have more than $50 billion in enterprise value, over 9 Bcfe per day of production and approximately $325 million in annual run-rate synergies within two years. Management says the deal should improve market access, inventory quality and cash-flow generation. Range Resources Surges After EQT Agrees to Buy the Company in All-Stock Deal
• Positive Sentiment: Strong third-quarter operating performance: Range reported $843 million in revenue, $175 million in GAAP net income and $0.75 diluted EPS. Adjusted EPS was $0.81, in line with the cited analyst consensus, while cash flow from operations before working-capital changes reached $347 million. Range Announces Third Quarter 2026 Results
• Positive Sentiment: Liquids growth supports margins: Record liquids production of 133,173 barrels per day, higher total production and a 5% year-over-year increase in cash margin per Mcfe demonstrate progress in Range’s development plan.
• Neutral Sentiment: The merger is expected to close in the first quarter of 2027, but requires shareholder and regulatory approvals. Range did not repurchase shares during the quarter.
• Negative Sentiment: Investors are weighing EQT’s stock dilution, integration risk and whether the projected synergies justify the purchase price. Scotiabank questioned the rationale for paying for Range’s assets in the current commodity-price environment, while law firms announced reviews of whether the transaction fairly values Range shareholders. EQT’s Range Resources buyout draws questions from Scotiabank

About Range Resources

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company’s activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.