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Range Resources Corp (RRC)

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$40.22
Delayed price
Profit since last BUY-1.11%
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BUY since 7 days
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Upturn Advisory Summary

04/01/2025: RRC (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -24.2%
Avg. Invested days 35
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.71B USD
Price to earnings Ratio 36.9
1Y Target Price 41.5
Price to earnings Ratio 36.9
1Y Target Price 41.5
Volume (30-day avg) 2995234
Beta 1.8
52 Weeks Range 27.09 - 41.85
Updated Date 04/1/2025
52 Weeks Range 27.09 - 41.85
Updated Date 04/1/2025
Dividends yield (FY) 0.90%
Basic EPS (TTM) 1.09

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 11.28%
Operating Margin (TTM) 15.57%

Management Effectiveness

Return on Assets (TTM) 3.52%
Return on Equity (TTM) 6.92%

Valuation

Trailing PE 36.9
Forward PE 10.39
Enterprise Value 11221871616
Price to Sales(TTM) 4.08
Enterprise Value 11221871616
Price to Sales(TTM) 4.08
Enterprise Value to Revenue 4.68
Enterprise Value to EBITDA 15.19
Shares Outstanding 241331008
Shares Floating 236042598
Shares Outstanding 241331008
Shares Floating 236042598
Percent Insiders 2.6
Percent Institutions 100.3

Analyst Ratings

Rating 3.33
Target Price 35.64
Buy 2
Strong Buy 6
Buy 2
Strong Buy 6
Hold 15
Sell 3
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Range Resources Corp

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Company Overview

History and Background

Range Resources Corporation was founded in 1976 as a small exploration company. Initially focused on oil and gas exploration in the Appalachian Basin, it has grown into a leading independent natural gas and natural gas liquids (NGLs) producer, primarily focused on the Marcellus Shale in Pennsylvania.

Core Business Areas

  • Exploration and Production: Range Resources focuses on the exploration, development, and acquisition of unconventional natural gas and NGL reserves, particularly in the Marcellus Shale.
  • Marketing and Transportation: The company also engages in marketing and transportation activities to ensure efficient delivery of its products to market.

Leadership and Structure

Jeff Ventura serves as the Chief Executive Officer. The organizational structure includes departments for exploration, production, finance, legal, and investor relations. The board of directors provides oversight and strategic guidance.

Top Products and Market Share

Key Offerings

  • Natural Gas: Range Resources' primary product is natural gas extracted from the Marcellus Shale. They are a leading producer in the region. Competitors include EQT Corporation, Antero Resources, and Southwestern Energy.
  • Natural Gas Liquids (NGLs): Range Resources also produces NGLs like ethane, propane, and butane. These are sold into the petrochemical and energy markets. Competitors include EQT Corporation, Antero Resources, and Southwestern Energy.

Market Dynamics

Industry Overview

The natural gas industry is characterized by fluctuating prices driven by supply and demand, weather patterns, and geopolitical events. The industry is increasingly focused on environmental sustainability and reducing emissions.

Positioning

Range Resources is a key player in the Appalachian Basin, known for its expertise in Marcellus Shale development. Its competitive advantages include its large acreage position and efficient drilling techniques.

Total Addressable Market (TAM)

The global natural gas market is estimated to be worth billions of dollars. Range Resources is positioned to capture a significant share of the U.S. market, specifically within the Appalachian region.

Upturn SWOT Analysis

Strengths

  • Large Acreage Position in Marcellus Shale
  • Efficient Drilling Techniques
  • Experienced Management Team
  • Low-Cost Production Profile

Weaknesses

  • Exposure to Fluctuating Natural Gas Prices
  • Geographic Concentration in the Appalachian Basin
  • Debt levels
  • Limited product diversification

Opportunities

  • Increased Demand for Natural Gas as a Transition Fuel
  • Expansion of LNG Export Capacity
  • Technological Advancements in Drilling and Production
  • Growing Demand for NGLs

Threats

  • Environmental Regulations
  • Competition from Other Natural Gas Producers
  • Geopolitical Instability
  • Shifting energy policies

Competitors and Market Share

Key Competitors

  • EQT
  • AR
  • SWN

Competitive Landscape

Range Resources faces competition from other large natural gas producers, particularly in the Appalachian Basin. Its competitive advantages include its low-cost production and efficient drilling techniques.

Major Acquisitions

Memorial Resource Development

  • Year: 2016
  • Acquisition Price (USD millions): 4400
  • Strategic Rationale: Expanded acreage in the core of the Marcellus Shale.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by increased production from the Marcellus Shale.

Future Projections: Future growth is dependent on natural gas prices, production efficiency, and strategic acquisitions.

Recent Initiatives: Recent initiatives include optimizing drilling operations and reducing operating costs.

Summary

Range Resources is a leading natural gas producer with a strong position in the Marcellus Shale. Its low-cost production profile and efficient drilling techniques are key strengths. However, it is exposed to fluctuating natural gas prices and environmental regulations. Monitoring these factors will be crucial for Range Resources' future performance.

Similar Companies

  • EQT
  • AR
  • SWN
  • CNQ

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports
  • Analyst Estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market data is dynamic and subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Range Resources Corp

Exchange NYSE
Headquaters Fort Worth, TX, United States
IPO Launch date 1992-12-28
CEO, President & Director Mr. Dennis L. Degner A.C.A.
Sector Energy
Industry Oil & Gas E&P
Full time employees 565
Full time employees 565

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum Inc. and changed its name to Range Resources Corporation in August 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

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