Morningstar

Range Resources Corp RRC

Morningstar Rating
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Stock XNYS Rating as of
$31.36 +0.48 (1.55%)
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As of Delayed Price Closed

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Range Resources' Operations in Line With Expectations Held Back by Weak Commodity Prices

Joshua Aguilar,

Range Resources focuses on the Marcellus Shale play in southwest Pennsylvania. Natural gas accounts for over two thirds of its production, but a portion of its acreage also yields natural gas liquids, which gives it indirect exposure to crude prices (NGLs are substitutes for certain refined oil products). In 2024, Range Resources is focused on executing a maintenance plan designed to maintain production while keeping spending to a minimum.

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Price vs Fair Value

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RRC is trading at a 519% premium.
Price
$31.36
Fair Value
$93.00
Uncertainty
High
1-Star Price
$73.10
5-Star Price
$43.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As an early entrant into the Marcellus, Range Resources has a big, blocky acreage position with plentiful undrilled low-cost acreage.

Bears

Range Resources has optimistic views about its own valuation, which could lead management to buy back stock at top-of-cycle price levels.

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News

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Trading Information

Previous Close Price
$30.88
Day Range
$31.14–31.86
52-Week Range
$27.29–39.33
Bid/Ask
$30.75 / $31.62
Market Cap
$7.59 Bil
Volume/Avg
1.8 Mil / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
14.06
Price/Sales
3.23
Dividend Yield (Trailing)
1.02%
Dividend Yield (Forward)
1.02%
Total Yield
1.28%

Company Profile

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Small Value
Total Number of Employees
548
Website
https://www.rangeresources.com

Competitors

Valuation

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Metric
RRC
AR
OXY
Price/Earnings (Normalized)
 14.06156.2514.90
Price/Book Value
 1.971.302.04
Price/Sales
 3.232.181.88
Price/Cash Flow
 7.139.614.50
Price/Earnings
RRC
AR
OXY

Financial Strength

Metric
RRC
AR
OXY
Quick Ratio
 0.370.270.59
Current Ratio
 0.580.291.04
Interest Coverage
 5.572.396.79
Quick Ratio
RRC
AR
OXY

Profitability

Metric
RRC
AR
OXY
Return on Assets (Normalized)
 7.64%1.41%4.68%
Return on Equity (Normalized)
 14.83%2.77%15.67%
Return on Invested Capital (Normalized)
 11.70%2.47%7.97%
Return on Assets
RRC
AR
OXY

Oil & Gas E&P Industry Comparables

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Morningstar Rating for Stocks
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OXY
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MwlqgxkcpfFdfzkt$43.2 Bil
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PfqghckgkkNpjxlm$26.9 Bil
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YpzkmmywyWfdnr$21.8 Bil
 Marathon Oil Corp
MRO
SxpcztfvGdrx$15.6 Bil
 APA Corp
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XcvmnxbrHwmc$9.5 Bil
 Antero Resources Corp
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FxlkzxxpNzrm$9.1 Bil

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