While the top- and bottom-line numbers for Range Resources (RRC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Range Resources (RRC) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.63 per share a year ago.
Range Resources (RRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Besides Wall Street's top -and-bottom-line estimates for Range Resources (RRC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Range Resources (RRC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook.
Range Resources (RRC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Range Resources (RRC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
RRC is likely to enjoy a rally in natural gas prices driven by rising LNG demand and low inventory levels. RRC is well-positioned for volume growth, supported by favorable energy policies and efficient production capabilities in the Appalachia region. RRC typically trades at a premium vs its comps but this is arguably deserved due to a superior costs structure. And currently, its valuation premium is lower than usual levels.
Does Range Resources (RRC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wolfe Research upgraded Range Resources to Outperform from Peer Perform with a $42 price target. Range has the inventory depth to see absolute value reset from a higher mid-cycle gas price, the analyst tells investors in a research note. Liquids has always helped lower its portfolio to breakeven, but on the margin the firm sees improving in-basin differentials as a secondary tailwind.
RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.