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Range Resources Corp Stock Research

RRC

25.11USD+1.03(+4.28%)Delayed

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
60.9B
25.7B
-23.86% -6.70%
7.85
2.37
37.87% 66.36%
60.4B
37.1B
-12.29% 4.78%
4.68
1.64
40.97% 472.95%
49.8B
19.8B
-29.01% -13.47%
9.45
2.71
44.20% 113.83%
44.6B
24.4B
-21.77% -18.01%
5.68
1.83
36.45% 270.40%
22.6B
9.6B
-17.20% 4.67%
5.15
2.34
41.87% 101.01%
14.4B
11.9B
-24.61% -11.58%
4.67
1.31
50.58% 232.96%
MID-CAP
8.6B
14.3B
-31.07% -22.32%
2.37
0.6
36.25% 156.85%
6.0B
5.3B
-6.30% -5.53%
5.09
1.13
49.01% 187.38%
5.4B
3.2B
-31.43% -11.75%
4.47
1.7
71.67% 107.57%
4.4B
3.6B
-33.88% 7.97%
4.99
1.94
130.82% 480.77%
3.0B
3.6B
-16.98% 14.70%
2.6
0.82
96.03% 571.98%
2.9B
2.2B
-22.76% 7.07%
12.82
1.29
68.57% 391.06%
1.9B
3.2B
-26.77% -44.44%
1.56
0.58
60.18% 231.32%
SMALL-CAP
1.6B
7.3B
-8.48% 116.33%
4.35
0.22
55.45% 547.97%
805.4M
1.9B
-8.19% -35.44%
1.28
0.42
37.78% 335.50%

Financials for Range Resources

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.4%5,3355,4104,7974,0163,580
  S&GA Expenses-0.4%168169177173168
Costs and Expenses-0.9%2,7332,7572,7622,6862,528
EBITDA-1,651----
EBITDA Margin-0.46*----
EBT Margin-0.30*----
Interest Expenses-10.4%165184202218227
Net Income-6.1%1,1831,261537-72.18412
Net Income Margin-4.8%0.22*0.23*0.11*-0.02*-
Free Cahsflow18.8%1,8651,5701,2411,090-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-4.3%6,6266,9206,6156,5606,661
  Current Assets-37.4%540862669576737
    Cash Equivalents-99.9%0.001570.00113214
  Net PPE-10.9%2.003.003.003.003.00
Liabilities-21.2%3,7504,7564,6384,9604,575
  Current Liabilities-51.2%1,0212,0902,0282,3371,152
  Long Term Debt-0.1%2,3602,3622,5792,926-
    LT Debt, Current-100.0%-528532749218
    LT Debt, Non Current0.1%1,8321,8301,8302,708-
Shareholder's Equity32.9%2,8762,1631,9771,6002,086
  Retained Earnings24.4%-2,462-3,257-3,611-4,063-3,607
  Additional Paid-In Capital0.1%5,7655,7575,7495,7085,720
Accumulated Depreciation0.6%72.0072.0072.0072.0071.00
Shares Outstanding-1.5%240243245--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations18.8%1,8651,5701,2411,090793
Cashflow From Investing-5.6%-489-463-427-410-417
Cashflow From Financing-67.4%-1,589-949-813-567-161
  Dividend PaymentsInfinity%39.000.000.00--

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 ascendingFund NameType% 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
-%

1–10 of 41

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

Stocks Register

Range Resources Corporation (NYSE: RRC): Forecast Weak In ....

Stocks Register,
4 hours ago

Defense World

Marketing Sentinel

Yahoo Finance

Schedule 13G FIlings of Range Resources

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Jeffrey L. Ventura
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 income4,146,803,0002,930,223,0001,968,697,000
Costs and expenses:   
Taxes other than income35,367,00030,648,00025,649,000
Brokered natural gas and marketing427,048,000367,288,000188,316,000
Exploration26,772,00023,555,00032,654,000
Abandonment and impairment of unproved properties28,608,0007,206,00019,334,000
General and administrative168,085,000168,435,000158,383,000
Exit costs70,337,00021,661,000547,409,000
Deferred compensation plan61,880,00068,351,00012,541,000
Interest165,145,000227,336,000192,667,000
Loss (gain) on early extinguishment of debt69,493,00098,000(14,068,000)
Depletion, depreciation and amortization353,420,000364,555,000394,330,000
Impairment of proved properties and other assets0078,955,000
Gain on the sale of assets(409,000)(701,000)(110,791,000)
Total costs and expenses2,732,973,0002,528,188,0002,706,026,000
Income (loss) before income taxes1,413,830,000402,035,000(737,329,000)
Income tax (benefit) expense:   
Current14,688,0007,984,000(523,000)
Deferred215,772,000(17,727,000)(25,029,000)
Total (benefit) expense for income taxes230,460,000(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:   
Basic240,858242,862241,373
Diluted246,379249,314241,373
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 Customers424,217,000365,412,000173,273,000
Direct Operating   
Costs and expenses:   
Costs and expenses84,286,00075,287,00092,157,000
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 $568481,050471,775
Contingent consideration receivable24,50029,500
Derivative assets9255,738
Prepaid and other current assets32,90515,230
Total current assets539,587736,665
Derivative assets40,99038,601
Natural gas and oil properties, successful efforts method[1]10,655,87910,175,570
Accumulated depletion and depreciation[1](4,765,475)(4,420,914)
Natural gas and oil properties, successful efforts method, net[1]5,890,4045,754,656
Other property and equipment74,63874,678
Accumulated depreciation and amortization(72,204)(71,184)
Other property and equipment, net2,4343,494
Operating lease right-of-use assets84,07040,832
Other assets68,07786,259
Total assets6,625,5626,660,507
Current liabilities:  
Accounts payable206,738178,413
Asset retirement obligations4,5705,310
Accrued liabilities442,922392,605
Accrued interest39,13875,940
Deferred compensation liabilities89,33428,293
Derivative liabilities151,417162,767
Divestiture contract obligation86,54691,120
Current maturities of long-term debt0218,017
Total current liabilities1,020,6651,152,465
Bank debt9,5090
Senior notes1,832,4512,707,770
Deferred tax liabilities333,571117,642
Derivative liabilities15,4958,216
Deferred compensation liabilities99,907137,102
Operating lease liabilities20,90324,861
Asset retirement obligations and other liabilities112,981101,509
Divestiture contract obligation304,074325,279
Total liabilities3,749,5564,574,844
Commitments and contingencies
Stockholders' Equity  
Preferred stock, $1 par 10,000,000 shares authorized, none issued and outstanding00
Common stock, $0.01 par 475,000,000 shares authorized, 262,887,265 issued at December 31, 2022 and 259,795,554 issued at December 31, 20212,6292,598
Common stock held in treasury, at cost, 24,001,535 shares at December 31, 2022 and 10,002,646 shares at December 31, 2021(429,659)(30,007)
Additional paid-in capital5,764,9705,720,277
Accumulated other comprehensive gain (loss)467(150)
Retained deficit(2,462,401)(3,607,055)
Total stockholders' equity2,876,0062,085,663
Total liabilities and stockholders' equity$ 6,625,562$ 6,660,507
[1]Includes capitalized asset retirement costs and the associated accumulated amortization.