Range Resources Corp Stock Research

Market Summary

USD25.11+1.03

Delayed

4.28%

RRC Stock Price

RRC RSI Chart

RRC Valuation

Market Cap

6.0B

Price/Earnings (Trailing)

5.09

Price/Sales (Trailing)

1.13

Price/Free Cashflow

3.23

RRC Price/Sales (Trailing)

RRC Profitability

Return on Equity

41.15%

Return on Assets

17.86%

Free Cashflow Yield

30.97%

RRC Fundamentals

RRC Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

-5.97%

Revenue Q/Q

-24.62%

RRC Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-8.65%

Earnings Q/Q

118.24%

Price Action

52 Week Range

22.6137.44

(Low)(High)

Last 7 days

-10.1%

Last 30 days

-6.3%

Last 90 days

-10.3%

Trailing 12 Months

-5.5%

RRC Financial Health

Current Ratio

0.53

Debt/Equity

0.82

Debt/Cashflow

0.79

RRC Investor Care

Dividend Yield

0.64%

Dividend/Share (TTM)

0.16

Buy Backs (1Y)

1.46%

Diluted EPS (TTM)

4.69

Peers (Alternatives to Range Resources)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	60.9B	25.7B	-23.86%	-6.70%	7.85	2.37	37.87%	66.36%
OXY	60.4B	37.1B	-12.29%	4.78%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-29.01%	-13.47%	9.45	2.71	44.20%	113.83%
PXD	44.6B	24.4B	-21.77%	-18.01%	5.68	1.83	36.45%	270.40%
FANG	22.6B	9.6B	-17.20%	4.67%	5.15	2.34	41.87%	101.01%
APA	14.4B	11.9B	-24.61%	-11.58%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-31.07%	-22.32%	2.37	0.6	36.25%	156.85%
RRC	6.0B	5.3B	-6.30%	-5.53%	5.09	1.13	49.01%	187.38%
MTDR	5.4B	3.2B	-31.43%	-11.75%	4.47	1.7	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
CRK	3.0B	3.6B	-16.98%	14.70%	2.6	0.82	96.03%	571.98%
KOS	2.9B	2.2B	-22.76%	7.07%	12.82	1.29	68.57%	391.06%
CPE	1.9B	3.2B	-26.77%	-44.44%	1.56	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.6B	7.3B	-8.48%	116.33%	4.35	0.22	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Range Resources

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.4%	5,335	5,410	4,797	4,016	3,580
S&GA Expenses	-0.4%	168	169	177	173	168
Costs and Expenses	-0.9%	2,733	2,757	2,762	2,686	2,528
EBITDA	-	1,651	-	-	-	-
EBITDA Margin	-	0.46*	-	-	-	-
EBT Margin	-	0.30*	-	-	-	-
Interest Expenses	-10.4%	165	184	202	218	227
Net Income	-6.1%	1,183	1,261	537	-72.18	412
Net Income Margin	-4.8%	0.22*	0.23*	0.11*	-0.02*	-
Free Cahsflow	18.8%	1,865	1,570	1,241	1,090	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-4.3%	6,626	6,920	6,615	6,560	6,661
Current Assets	-37.4%	540	862	669	576	737
Cash Equivalents	-99.9%	0.00	157	0.00	113	214
Net PPE	-10.9%	2.00	3.00	3.00	3.00	3.00
Liabilities	-21.2%	3,750	4,756	4,638	4,960	4,575
Current Liabilities	-51.2%	1,021	2,090	2,028	2,337	1,152
Long Term Debt	-0.1%	2,360	2,362	2,579	2,926	-
LT Debt, Current	-100.0%	-	528	532	749	218
LT Debt, Non Current	0.1%	1,832	1,830	1,830	2,708	-
Shareholder's Equity	32.9%	2,876	2,163	1,977	1,600	2,086
Retained Earnings	24.4%	-2,462	-3,257	-3,611	-4,063	-3,607
Additional Paid-In Capital	0.1%	5,765	5,757	5,749	5,708	5,720
Accumulated Depreciation	0.6%	72.00	72.00	72.00	72.00	71.00
Shares Outstanding	-1.5%	240	243	245	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	18.8%	1,865	1,570	1,241	1,090	793
Cashflow From Investing	-5.6%	-489	-463	-427	-410	-417
Cashflow From Financing	-67.4%	-1,589	-949	-813	-567	-161
Dividend Payments	Infinity%	39.00	0.00	0.00	-	-

Risks for RRC

What is the probability of a big loss on RRC?

100%

Probability that Range Resources stock will be more than 20% underwater in next one year

80.8%

Probability that Range Resources stock will be more than 30% underwater in next one year.

48.1%

Probability that Range Resources stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RRC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Range Resources was unfortunately bought at previous high price.

Drawdowns

Returns for RRC

Cumulative Returns on RRC

-11.2%

10-Year Cumulative Returns

-4.2%

7-Year Cumulative Returns

10.2%

5-Year Cumulative Returns

104.4%

3-Year Cumulative Returns

What are the long-term rolling returns for RRC?

FIve years rolling returns for Range Resources.

Annualized Returns

Which funds bought or sold RRC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	368,024	368,024	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-89.73	-15,211,200	1,722,750	-%
2023-03-06	Rockefeller Capital Management L.P.	added	0.01	-2,000	221,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	117,094	117,094	-%
2023-03-01	Goehring & Rozencwajg Associates, LLC	new	-	25,166,300	25,166,300	8.95%
2023-02-28	Voya Investment Management LLC	reduced	-4.93	-255,304	4,123,700	0.01%
2023-02-24	NATIXIS	reduced	-50.85	-6,096,380	5,784,620	0.03%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-2.35	-34,000	1,040,000	0.01%
2023-02-21	Empowered Funds, LLC	added	14.84	151,754	1,255,750	0.08%
2023-02-21	MACQUARIE GROUP LTD	reduced	-62.45	-4,499,000	2,616,000	-%

Latest Funds Activity

Are funds buying RRC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RRC

No. of Funds

Range Resources News

Schedule 13G FIlings of Range Resources

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	10.25%	24,766,887	SC 13G/A
Jan 31, 2023	state street corp	4.78%	11,557,886	SC 13G/A
Jan 24, 2023	blackrock inc.	9.99%	24,148,314	SC 13G/A
Nov 09, 2022	blackrock inc.	10.2%	24,660,746	SC 13G/A
Jul 08, 2022	blackrock inc.	9.2%	24,900,165	SC 13G
Feb 11, 2022	state street corp	5.44%	14,129,468	SC 13G/A
Feb 10, 2022	vanguard group inc	10.53%	27,351,074	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	4.2%	10,912,938	SC 13G/A

RRC Fair Value

Range Resources fair value in different scenarios

The table shows the Fair Value estimates for Range Resources for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	- -	- -	- -	- -
Current Inflation	23.12 -7.93%	40.41 60.93%	95.41 279.97%	143.83 472.80%	188.05 648.90%
Very High Inflation	- -	- -	- -	- -	- -

Historical Range Resources Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Range Resources

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Feb 28, 2023	8-K	Current Report
Feb 27, 2023	10-K	Annual Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	8-K	Current Report
Feb 02, 2023	4	Insider Trading
Feb 02, 2023	4	Insider Trading

Latest Insider Trading transactions for RRC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-28	VENTURA JEFFREY L	acquired	12,800,500	26.94	475,147	president and ceo
2023-02-28	Degner Dennis	acquired	8,342,540	26.94	309,671	evp & coo
2023-02-28	Scucchi Mark	acquired	7,508,260	26.94	278,703	evp & cfo
2023-01-31	Poole David P	acquired	46,011	25.02	1,839	svp & general counsel
2023-01-31	Ginn Dori	acquired	33,001	25.02	1,319	svp, principal accting officer
2022-08-26	Ginn Dori	sold	-173,255	34.651	-5,000	svp, principal accting officer
2022-08-12	FUNK JAMES M	gifted	-176,962	33.81	-5,234	-
2022-08-02	Spiller Reginal	sold	-50,306	31.4415	-1,600	-
2022-06-01	Poole David P	acquired	-	-	27,902	svp & general counsel
2022-06-01	Poole David P	sold	-	-	-27,902	svp & general counsel

About Range Resources

Jeffrey L. Ventura

www.rangeresources.com

530

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.

RRC Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues and other income:
Total Revenues from Contracts with Customers	$ 5,335,309,000	$ 3,580,439,000	$ 1,780,986,000
Derivative fair value (loss) income	(1,188,506,000)	(650,216,000)	187,711,000
Total revenues and other income	4,146,803,000	2,930,223,000	1,968,697,000
Costs and expenses:
Taxes other than income	35,367,000	30,648,000	25,649,000
Brokered natural gas and marketing	427,048,000	367,288,000	188,316,000
Exploration	26,772,000	23,555,000	32,654,000
Abandonment and impairment of unproved properties	28,608,000	7,206,000	19,334,000
General and administrative	168,085,000	168,435,000	158,383,000
Exit costs	70,337,000	21,661,000	547,409,000
Deferred compensation plan	61,880,000	68,351,000	12,541,000
Interest	165,145,000	227,336,000	192,667,000
Loss (gain) on early extinguishment of debt	69,493,000	98,000	(14,068,000)
Depletion, depreciation and amortization	353,420,000	364,555,000	394,330,000
Impairment of proved properties and other assets	0	0	78,955,000
Gain on the sale of assets	(409,000)	(701,000)	(110,791,000)
Total costs and expenses	2,732,973,000	2,528,188,000	2,706,026,000
Income (loss) before income taxes	1,413,830,000	402,035,000	(737,329,000)
Income tax (benefit) expense:
Current	14,688,000	7,984,000	(523,000)
Deferred	215,772,000	(17,727,000)	(25,029,000)
Total (benefit) expense for income taxes	230,460,000	(9,743,000)	(25,552,000)
Net income (loss)	$ 1,183,370,000	$ 411,778,000	$ (711,777,000)
Net loss per common share:
Basic	$ 4.79	$ 1.65	$ (2.95)
Diluted	$ 4.69	$ 1.61	$ (2.95)
Weighted average common shares outstanding:
Basic	240,858	242,862	241,373
Diluted	246,379	249,314	241,373
Natural Gas, NGLs and Oil Sales
Revenues and other income:
Total Revenues from Contracts with Customers	$ 4,911,092,000	$ 3,215,027,000	$ 1,607,713,000
Brokered Natural Gas, Marketing and Other
Revenues and other income:
Total Revenues from Contracts with Customers	424,217,000	365,412,000	173,273,000
Direct Operating
Costs and expenses:
Costs and expenses	84,286,000	75,287,000	92,157,000
Transportation, Gathering, Processing and Compression
Costs and expenses:
Costs and expenses	$ 1,242,941,000	$ 1,174,469,000	$ 1,088,490,000

RRC Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2022

Dec. 31, 2021

Current assets:

Cash and cash equivalents

$ 207

$ 214,422

Accounts receivable, less allowance for doubtful accounts of $314 and $568

481,050

471,775

Contingent consideration receivable

24,500

29,500

Derivative assets

925

5,738

Prepaid and other current assets

32,905

15,230

Total current assets

539,587

736,665

Derivative assets

40,990

38,601

Natural gas and oil properties, successful efforts method

^[1]

10,655,879

10,175,570

Accumulated depletion and depreciation

^[1]

(4,765,475)

(4,420,914)

Natural gas and oil properties, successful efforts method, net

^[1]

5,890,404

5,754,656

Other property and equipment

74,638

74,678

Accumulated depreciation and amortization

(72,204)

(71,184)

Other property and equipment, net

2,434

3,494

Operating lease right-of-use assets

84,070

40,832

Other assets

68,077

86,259

Total assets

6,625,562

6,660,507

Current liabilities:

Accounts payable

206,738

178,413

Asset retirement obligations

4,570

5,310

Accrued liabilities

442,922

392,605

Accrued interest

39,138

75,940

Deferred compensation liabilities

89,334

28,293

Derivative liabilities

151,417

162,767

Divestiture contract obligation

86,546

91,120

Current maturities of long-term debt

218,017

Total current liabilities

1,020,665

1,152,465

Bank debt

9,509

Senior notes

1,832,451

2,707,770

Deferred tax liabilities

333,571

117,642

Derivative liabilities

15,495

8,216

Deferred compensation liabilities

99,907

137,102

Operating lease liabilities

20,903

24,861

Asset retirement obligations and other liabilities

112,981

101,509

Divestiture contract obligation

304,074

325,279

Total liabilities

3,749,556

4,574,844

Commitments and contingencies

Stockholders' Equity

Preferred stock, $1 par 10,000,000 shares authorized, none issued and outstanding

Common stock, $0.01 par 475,000,000 shares authorized, 262,887,265 issued at December 31, 2022 and 259,795,554 issued at December 31, 2021

2,629

2,598

Common stock held in treasury, at cost, 24,001,535 shares at December 31, 2022 and 10,002,646 shares at December 31, 2021

(429,659)

(30,007)

Additional paid-in capital

5,764,970

5,720,277

Accumulated other comprehensive gain (loss)

467

(150)

Retained deficit

(2,462,401)

(3,607,055)

Total stockholders' equity

2,876,006

2,085,663

Total liabilities and stockholders' equity

$ 6,625,562

$ 6,660,507

[1]	Includes capitalized asset retirement costs and the associated accumulated amortization.