Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
19 June 1980Website:
http://www.rangeresources.comNext earnings report:
21 February 2025Last dividends:
13 September 2024Next dividends:
N/APrice
regular market | 1 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
RRC Latest News
Higher prices of natural gas are highly beneficial for companies like Range Resources Corporation, Antero Resources Corporation and Comstock Resources Inc.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.
Range Resources' Q3-2024 results exceeded expectations, driving a 3.5% stock price increase with significant trading volume. The company benefits from low-cost production and strategic positioning in the Marcellus Shale, ensuring competitive advantage and profitability. Despite commodity price risks, effective hedging strategies mitigate potential negative impacts on the company's financials.
Range increased its production guidance by 1% with its Q3 2024 report. It has also made progress with reducing costs, and its current guidance has costs around $0.06 per Mcfe lower than initial guidance. Range's 2024 free cash flow is driven by its hedges.
Range Resources (RRC) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.46 per share a year ago.
FORT WORTH, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2024 financial results.
FORT WORTH, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its third quarter 2024 financial results news release will be issued Tuesday, October 22 after the close of trading on the New York Stock Exchange.
RRC boasts decades of low-risk drilling inventory in Appalachia, brightening its production outlook. However, the stock is exposed to gas price volatility.
Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like RRC and AR.
The current market is highly valued, making it difficult to find bargains, even in previously undervalued sectors like real estate. Energy stocks, particularly natural gas producers like Range Resources, present attractive opportunities due to low prices and high-quality business models. Range Resources is undervalued, with strong free cash flow, a solid balance sheet, and a dividend, making it a compelling buy despite recent price declines.
What type of business is Range Resources?
Range Resources Corporation is an oil and gas company that is engaged in the extraction of oil and gas from shale deposits using hydraulic fracturing technology. This company can primarily be classified as a shale gas company, as shale gas accounts for over 70% of the company's production. The main activities of the company include the extraction of natural shale gas, gas condensate, production of liquefied gas, extraction of shale oil, and conducting geological exploration work. The company was founded in 1976, and its headquarters is located in Fort Worth, Texas.
What sector is Range Resources in?
Range Resources is in the Energy sector
What industry is Range Resources in?
Range Resources is in the Oil & Gas Equipment & Services industry
What country is Range Resources from?
Range Resources is headquartered in United States
When did Range Resources go public?
Range Resources initial public offering (IPO) was on 19 June 1980
What is Range Resources website?
https://www.rangeresources.com
Is Range Resources in the S&P 500?
No, Range Resources is not included in the S&P 500 index
Is Range Resources in the NASDAQ 100?
No, Range Resources is not included in the NASDAQ 100 index
Is Range Resources in the Dow Jones?
No, Range Resources is not included in the Dow Jones index
When was Range Resources the previous earnings report?
No data
When does Range Resources earnings report?
The next expected earnings date for Range Resources is 21 February 2025