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

Range Resources (NYSE:RRC) posted its earnings results on Tuesday. The oil and gas exploration company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76, Zacks reports. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.

Range Resources Stock Performance

Range Resources stock traded up $2.62 during trading hours on Tuesday, reaching $56.18. 15,953,942 shares of the stock were exchanged, compared to its average volume of 3,284,741. The stock has a market cap of $13.13 billion, a P/E ratio of 15.52 and a beta of 0.71. The firm’s 50 day moving average is $40.98 and its 200 day moving average is $39.90. 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 has a 52-week low of $32.68 and a 52-week high of $56.47.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. Range Resources’s dividend payout ratio (DPR) is currently 11.05%.

More Range Resources News

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

Insider Transactions at Range Resources

In related news, Director Reginal Spiller sold 3,500 shares of Range Resources stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $40.00, for a total transaction of $140,000.00. Following the completion of the transaction, the director directly owned 13,421 shares of the company’s stock, valued at approximately $536,840. The trade was a 20.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RRC. Zacks Research raised shares of Range Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Citigroup reaffirmed a “neutral” rating on shares of Range Resources in a report on Thursday, July 23rd. Stephens raised their target price on Range Resources from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Range Resources in a research report on Tuesday, October 20th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective on shares of Range Resources in a research note on Friday. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Range Resources has an average rating of “Hold” and an average price target of $45.78.

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.