Range Resources (RRC) Stock

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.

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.

Range Resources (RRC) reported earnings 30 days ago. What's next for the stock?

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.