Range Resources
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. The last earnings update was 54 days ago. More info.
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- Range Resources has significant price volatility in the past 3 months.
RRC Share Price and Events
7 Day Returns
1 Year Returns
RRC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Range Resources (RRC) | -10.4% | -29.9% | -37.9% | -59.1% | -85.3% | -92.6% |
| US Oil and Gas | -1% | -6.3% | -7.8% | -17.7% | -7.1% | -40.8% |
| US Market | 0.5% | 0.2% | 1.1% | 0.8% | 37.4% | 37.5% |
1 Year Return vs Industry and Market
- RRC underperformed the Oil and Gas industry which returned -17.7% over the past year.
- RRC underperformed the Market in United States of America which returned 0.8% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Range Resources
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Range Resources.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 19 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 14.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 21%) (241.45%)) |
2.099 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%) |
14.65% |
Discounted Cash Flow Calculation for NYSE:RRC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Range Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 14.65%) |
|
|---|---|---|---|
| 2019 | 146.20 | Analyst x5 | 127.52 |
| 2020 | 219.00 | Analyst x4 | 166.61 |
| 2021 | 183.50 | Analyst x2 | 121.76 |
| 2022 | 20.10 | Analyst x1 | 11.63 |
| 2023 | 20.10 | Analyst x1 | 10.15 |
| 2024 | 10.60 | Est @ -47.29% | 4.67 |
| 2025 | 7.17 | Est @ -32.28% | 2.76 |
| 2026 | 5.61 | Est @ -21.78% | 1.88 |
| 2027 | 4.80 | Est @ -14.43% | 1.40 |
| 2028 | 4.36 | Est @ -9.28% | 1.11 |
| Present value of next 10 years cash flows | $449.48 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $4.36 × (1 + 2.73%) ÷ (14.65% – 2.73%) |
$37.55 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $37.55 ÷ (1 + 14.65%)10 |
$9.57 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $449.48 + $9.57 |
$459.05 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $459.05 / 244.01 |
$1.88 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $1.88 |
| Current discount | Discount to share price of
$6.53
= -1 x ($6.53 - $1.88) / $1.88 |
-247.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Range Resources is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Range Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Range Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-7.27 |
| NYSE:RRC Share Price ** | NYSE (2019-06-14) in USD | $6.53 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 102 Publicly-Listed Oil and Gas Companies | 12.63x |
| United States of America Market PE Ratio | Median Figure of 3,091 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Range Resources.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:RRC Share Price ÷ EPS (both in USD) = 6.53 ÷ -7.27 |
-0.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Range Resources is loss making, we can't compare its value to the US Oil and Gas industry average.
- Range Resources is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Range Resources's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -0.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts |
23.4%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 78 Publicly-Listed Oil and Gas Companies | 0.36x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Range Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Range Resources's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $16.65 |
| NYSE:RRC Share Price * | NYSE (2019-06-14) in USD | $6.53 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 196 Publicly-Listed Oil and Gas Companies | 0.97x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:RRC Share Price ÷ Book Value per Share (both in USD) = 6.53 ÷ 16.65 |
0.39x |
* Primary Listing of Range Resources.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Range Resources is good value based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Range Resources's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Range Resources has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Range Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Range Resources's earnings growth is expected to exceed the United States of America market average.
- Range Resources's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:RRC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts | 23.4% |
| NYSE:RRC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts | 1.5% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 12.4% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 19 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3,209 | 1,119 | 350 | 1 |
| 2022-12-31 | 3,147 | 1,047 | 176 | 1 |
| 2021-12-31 | 3,410 | 1,024 | 169 | 3 |
| 2020-12-31 | 3,320 | 990 | 197 | 5 |
| 2019-12-31 | 2,963 | 866 | 82 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 3,387 | 881 | -1,794 |
| 2018-12-31 | 3,334 | 991 | -1,747 |
| 2018-09-30 | 3,016 | 991 | 236 |
| 2018-06-30 | 2,741 | 950 | 62 |
| 2018-03-31 | 2,543 | 961 | 210 |
| 2017-12-31 | 2,398 | 816 | 329 |
| 2017-09-30 | 2,247 | 782 | -50 |
| 2017-06-30 | 2,025 | 625 | 36 |
| 2017-03-31 | 1,728 | 522 | -260 |
| 2016-12-31 | 1,361 | 387 | -522 |
| 2016-09-30 | 1,142 | 382 | -683 |
| 2016-06-30 | 1,071 | 494 | -942 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 19 Analyst Estimates (S&P Global) | See Below |
All data from Range Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1.06 | 1.18 | 0.93 | 2.00 |
| 2022-12-31 | 0.71 | 0.82 | 0.60 | 2.00 |
| 2021-12-31 | 0.96 | 1.85 | 0.40 | 6.00 |
| 2020-12-31 | 0.80 | 1.32 | 0.34 | 17.00 |
| 2019-12-31 | 0.40 | 0.75 | 0.05 | 15.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -7.27 |
| 2018-12-31 | -7.10 |
| 2018-09-30 | 0.96 |
| 2018-06-30 | 0.25 |
| 2018-03-31 | 0.86 |
| 2017-12-31 | 1.34 |
| 2017-09-30 | -0.20 |
| 2017-06-30 | 0.16 |
| 2017-03-31 | -1.24 |
| 2016-12-31 | -2.75 |
| 2016-09-30 | -4.01 |
| 2016-06-30 | -5.65 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Range Resources's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Range Resources has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Range Resources performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Range Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Range Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Range Resources's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
All data from Range Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 3,387.10 | -1,793.99 | 214.99 | |
| 2018-12-31 | 3,333.84 | -1,746.73 | 225.30 | |
| 2018-09-30 | 3,015.91 | 236.40 | 226.22 | |
| 2018-06-30 | 2,740.75 | 61.63 | 240.58 | |
| 2018-03-31 | 2,543.19 | 209.84 | 231.23 | |
| 2017-12-31 | 2,397.68 | 329.40 | 205.33 | |
| 2017-09-30 | 2,247.25 | -50.06 | 221.48 | |
| 2017-06-30 | 2,025.24 | 35.68 | 191.21 | |
| 2017-03-31 | 1,727.92 | -259.55 | 217.46 | |
| 2016-12-31 | 1,361.33 | -521.61 | 236.25 | |
| 2016-09-30 | 1,142.17 | -682.79 | 203.34 | |
| 2016-06-30 | 1,071.44 | -941.82 | 173.72 | |
| 2016-03-31 | 1,086.24 | -835.18 | 148.83 | |
| 2015-12-31 | 1,181.70 | -714.14 | 137.79 | |
| 2015-09-30 | 1,353.32 | -112.93 | 150.17 | |
| 2015-06-30 | 1,549.78 | 332.07 | 163.67 | |
| 2015-03-31 | 1,777.96 | 618.92 | 190.99 | |
| 2014-12-31 | 2,042.54 | 623.66 | 202.42 | |
| 2014-09-30 | 2,070.78 | 372.06 | 172.07 | |
| 2014-06-30 | 2,072.78 | 246.95 | 302.55 | |
| 2014-03-31 | 2,017.52 | 220.11 | 277.20 | |
| 2013-12-31 | 1,832.25 | 113.75 | 410.88 | |
| 2013-09-30 | 1,749.75 | 138.92 | 364.82 | |
| 2013-06-30 | 1,612.92 | 66.16 | 293.43 | |
| 2013-03-31 | 1,464.20 | -19.94 | 306.61 | |
| 2012-12-31 | 1,367.14 | 12.54 | 250.82 | |
| 2012-09-30 | 1,310.35 | -43.07 | 277.40 | |
| 2012-06-30 | 1,276.11 | 43.42 | 260.33 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Range Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Range Resources has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Range Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Range Resources's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Range Resources has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Range Resources's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Range Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
- Range Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Range Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Range Resources Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 4,062.66 | 3,847.28 | 0.49 |
| 2018-12-31 | 4,059.43 | 3,836.86 | 0.55 |
| 2018-09-30 | 5,817.29 | 4,160.90 | 0.36 |
| 2018-06-30 | 5,764.04 | 4,207.16 | 0.42 |
| 2018-03-31 | 5,834.59 | 4,081.69 | 0.53 |
| 2017-12-31 | 5,774.27 | 4,108.81 | 0.45 |
| 2017-09-30 | 5,537.48 | 3,981.96 | 0.53 |
| 2017-06-30 | 5,661.89 | 3,848.59 | 0.52 |
| 2017-03-31 | 5,582.48 | 3,738.80 | 0.55 |
| 2016-12-31 | 5,408.37 | 3,773.52 | 0.31 |
| 2016-09-30 | 5,460.81 | 3,826.71 | 0.54 |
| 2016-06-30 | 2,464.93 | 2,566.96 | 0.38 |
| 2016-03-31 | 2,671.34 | 2,589.07 | 0.53 |
| 2015-12-31 | 2,759.66 | 2,651.30 | 0.47 |
| 2015-09-30 | 3,084.68 | 3,587.00 | 0.49 |
| 2015-06-30 | 3,381.41 | 3,464.00 | 0.52 |
| 2015-03-31 | 3,489.46 | 3,262.00 | 0.52 |
| 2014-12-31 | 3,457.43 | 3,030.82 | 0.45 |
| 2014-09-30 | 3,168.92 | 2,999.00 | 0.47 |
| 2014-06-30 | 3,020.17 | 2,830.00 | 0.29 |
| 2014-03-31 | 2,449.68 | 3,234.87 | 0.25 |
| 2013-12-31 | 2,414.45 | 3,140.52 | 0.35 |
| 2013-09-30 | 2,391.00 | 3,067.17 | 0.26 |
| 2013-06-30 | 2,385.78 | 2,948.84 | 0.28 |
| 2013-03-31 | 2,257.39 | 2,936.51 | 0.19 |
| 2012-12-31 | 2,357.39 | 2,878.19 | 0.25 |
| 2012-09-30 | 2,281.83 | 2,849.87 | 0.15 |
| 2012-06-30 | 2,416.72 | 2,623.56 | 0.16 |
- Range Resources's level of debt (93.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (131.5% vs 93.3% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Information is not available.
- Unable to confirm if Range Resources has at least 1 year of cash runway based on growing free cash flows without relevant data.
Financial health checks
We assess Range Resources's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Range Resources has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Range Resources's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Range Resources
shares you are expected to receive
$25
in your first year as a dividend.
Dividend Amount
- Range Resources's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Range Resources's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 19 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 67 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.08 | 1.00 |
| 2022-12-31 | 0.08 | 1.00 |
| 2021-12-31 | 0.08 | 7.00 |
| 2020-12-31 | 0.08 | 9.00 |
| 2019-12-31 | 0.08 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-31 | 0.080 | 1.100 |
| 2019-03-01 | 0.080 | 0.819 |
| 2018-12-03 | 0.080 | 0.724 |
| 2018-08-31 | 0.080 | 0.487 |
| 2018-06-01 | 0.080 | 0.497 |
| 2018-03-01 | 0.080 | 0.547 |
| 2017-12-01 | 0.080 | 0.524 |
| 2017-09-01 | 0.080 | 0.430 |
| 2017-06-01 | 0.080 | 0.393 |
| 2017-03-01 | 0.080 | 0.298 |
| 2016-12-01 | 0.080 | 0.239 |
| 2016-09-02 | 0.080 | 0.218 |
| 2016-06-02 | 0.080 | 0.191 |
| 2016-02-26 | 0.080 | 0.225 |
| 2016-02-25 | 0.080 | 0.339 |
| 2015-12-02 | 0.160 | 0.641 |
| 2015-09-01 | 0.160 | 0.482 |
| 2015-06-01 | 0.160 | 0.368 |
| 2015-03-02 | 0.160 | 0.290 |
| 2014-12-01 | 0.160 | 0.305 |
| 2014-08-29 | 0.160 | 0.230 |
| 2014-06-02 | 0.160 | 0.196 |
| 2014-02-28 | 0.160 | 0.181 |
| 2013-12-02 | 0.160 | 0.192 |
| 2013-09-03 | 0.160 | 0.209 |
| 2013-05-31 | 0.160 | 0.206 |
| 2013-03-01 | 0.160 | 0.207 |
| 2012-11-30 | 0.160 | 0.239 |
| 2012-09-04 | 0.160 | 0.234 |
| 2012-06-01 | 0.160 | 0.260 |
| 2012-04-25 | 0.160 | 0.253 |
| 2011-12-01 | 0.160 | 0.264 |
| 2011-09-01 | 0.160 | 0.241 |
| 2011-06-07 | 0.160 | 0.277 |
| 2011-03-01 | 0.160 | 0.299 |
| 2010-12-02 | 0.160 | 0.343 |
| 2010-09-01 | 0.160 | 0.420 |
| 2010-06-01 | 0.160 | 0.398 |
| 2010-03-01 | 0.160 | 0.333 |
| 2009-12-01 | 0.160 | 0.323 |
| 2009-09-01 | 0.160 | 0.316 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Range Resources's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Range Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Range Resources has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,711,188 |
| AGE | 60 |
| TENURE AS CEO | 7.4 years |
CEO Bio
Mr. Jeffrey L. Ventura, also known as Jeff, has been the Chief Executive Officer of Range Resources Corporation since January 1, 2012 and has been its President since May 2008. Mr. Ventura served as an Executive Vice President of Range Resources Corp. since July 2003. He served as the Chief Operating Officer of Range Resources Corp. from joining in July 2003 to January 2012. Mr. Ventura served as President and Chief Operating Officer of Matador Petroleum Corporation from 1997 to 2003, which he joined in 1997. He served as Vice President of Exploration and Development of Matador Petroleum Corp. Prior to 1997, Mr. Ventura spent eight years at Maxus Energy Corporation, where he managed engineering and development operations for the Southern Division and was responsible for coordinating engineering technology. Mr. Ventura has 24 years of technical and management experience in the oil and gas industry. He served as a Director of Communications of Maxus, Project Manager for Venezuela and immediately before joining Matador, he served as Manager for Division Engineering and Development Manager of New Ventures and Technology. Mr. Ventura is a highly experienced oil and gas business executive who has a very deep technical understanding of the development of oil and gas reserves, particularly oil and gas reserves from unconventional resources. Mr. Ventura worked for Tenneco Oil Exploration and Production Company for ten years in various domestic, international and corporate assignments. Mr. Ventura worked at Tenneco, where he held various engineering and operating positions. He served as the Chairman of Range Resources Corporation from January 1, 2015 to July 9, 2018. Mr. Ventura has been a Director of Range Resources Corporation since May 19, 2005. He is a registered Professional Engineer in the State of Texas and a member of the Society of Petroleum Engineers, the American Association of Petroleum Geologists and the Completion Engineering Association. He is serving a two-year term on the Advisory Board of The Completion Engineering Association and recently completed a three-year term serving on The Society of Petroleum Engineers Committee on Emerging and Peripheral Technology. Mr. Ventura graduated from the Pennsylvania State University with a Bachelor of Science degree in Petroleum and Natural Gas Engineering in 1979.
CEO Compensation
- Jeff's compensation has increased whilst company is loss making.
- Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Range Resources management team in years:
- The average tenure for the Range Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Jeff Ventura
President
$9M
60
7.4 yrs
Mark Scucchi
Senior VP & CFO
$1M
40
1.1 yrs
Dennis Degner
Senior VP & COO
$2M
45
1.2 yrs
David Poole
Senior VP
$2M
56
11 yrs
Dori Ginn
Senior VP
60
9.8 yrs
Laith Sando
Vice President of Investor Relations
Alan Farquharson
Senior Vice President of Reservoir Engineering & Economics
60
12.3 yrs
Kenneth Roy
Senior Vice President
2.1 yrs
Alan Engberg
Vice President of Liquids Marketing
Board of Directors Tenure
Average tenure and age of the Range Resources board of directors in years:
- The tenure for the Range Resources board of directors is about average.
Board of Directors
Greg Maxwell
Chairman of the Board
$1M
61
0.9 yrs
Jeff Ventura
President
$9M
60
14.4 yrs
James Funk
Director
$631K
68
10.5 yrs
Brenda Cline
Independent Director
$600K
57
3.9 yrs
Steffen Palko
Independent Director
$600K
67
2.6 yrs
Anthony Dub
Independent Director
$600K
68
24.4 yrs
Chris Helms
Independent Director
$600K
64
4.9 yrs
Steve Gray
Independent Director
$269K
59
0.7 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Range Resources insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. May 19 | Buy | Steven Gray | Individual | 02. May 19 | 02. May 19 | 20,000 | $8.77 | $175,390 | ||
| 01. May 19 | Buy | Mark Scucchi | Individual | 30. Apr 19 | 30. Apr 19 | 11,100 | $9.04 | $100,344 | ||
| 12. Mar 19 | Buy | James Funk | Individual | 11. Mar 19 | 11. Mar 19 | 10,000 | $9.80 | $97,997 | ||
| 04. Mar 19 | Buy | Steven Gray | Individual | 01. Mar 19 | 01. Mar 19 | 20,000 | $10.95 | $218,924 | ||
| 10. Jul 18 | Sell | Jeffrey Ventura | Individual | 09. Jul 18 | 09. Jul 18 | -8,767 | $17.54 | $-153,773 | ||
| 10. Jul 18 | Sell | David Poole | Individual | 09. Jul 18 | 09. Jul 18 | -3,829 | $17.54 | $-67,161 | ||
Management checks
We assess Range Resources's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Range Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What You Should Know About Range Resources Corporation's (NYSE:RRC) Financial Strength
RRC’s Debt (And Cash Flows) RRC's debt levels have fallen from US$4.1b to US$3.8b over the last 12 months – this includes long-term debt. … Additionally, RRC has produced US$881m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 23%, signalling that RRC’s debt is appropriately covered by operating cash. … Next Steps: RRC’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articleDoes Range Resources Corporation (NYSE:RRC) Have A Volatile Share Price?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleNeed To Know: Range Resources Corporation (NYSE:RRC) Insiders Have Been Buying Shares
So shareholders might well want to know whether insiders have been buying or selling shares in Range Resources Corporation (NYSE:RRC). … The Last 12 Months Of Insider Transactions At Range Resources. … Over the last year, we can see that the biggest insider purchase was by Independent Director Steven Gray for US$219k worth of shares, at about US$10.95 per share.
Simply Wall St - – Full articleThe Range Resources Share Price Is Down 88% So Some Shareholders Are Rather Upset
Range Resources isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … Over five years, Range Resources grew its revenue at 11% per year.
Simply Wall St - – Full articleIs Range Resources Corporation (NYSE:RRC) A Financially Sound Company?
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Range Resources Corporation (NYSE:RRC) with a market-capitalization of US$2.4b, rarely draw their attention. … Today we will look at RRC’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleDoes Range Resources Corporation's (NYSE:RRC) CEO Salary Compare Well With Others?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jeff Ventura's Compensation Compare With Similar Sized Companies. … Our data indicates that Range Resources Corporation is worth US$3.6b, and total annual CEO compensation is US$8.7m.
Simply Wall St - – Full articleDoes Range Resources Corporation's (NYSE:RRC) PE Ratio Signal A Selling Opportunity?
Range Resources Corporation (NYSE:RRC) is trading with a trailing P/E of 66.8, which is higher than the industry average of 14.9. … While this might not seem positive, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for Range Resources
Simply Wall St - – Full articleIs Range Resources Corporation's (NYSE:RRC) CEO Salary Justified?
Jeff Ventura took the helm as Range Resources Corporation's (NYSE:RRC) CEO and grew market cap to US$3.63b recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.
Simply Wall St - – Full articleWho Just Ramped Up Their Shares In Range Resources Corporation (NYSE:RRC)?
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. … some insider buying over the past three months, with insiders investing in. … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%
Simply Wall St - – Full articleHave Investors Priced In Range Resources Corporation's (NYSE:RRC) Growth?
Range Resources Corporation (NYSE:RRC) is considered a high growth stock. … What can we expect from Range Resources in the future. … Range Resources's extremely high growth potential in the near future is attracting investors
Simply Wall St - – Full articleCompany Info
Description
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and North Louisiana regions of the United States. As of December 31, 2018, the company owned and operated 4,900 net producing wells and approximately 878,000 net acres under lease in the Appalachian region; and 415 net producing wells and approximately 118,000 net acres under lease in the North Louisiana region. It markets and sells natural gas to utilities, marketing and midstream companies, and industrial users; petrochemical end users, NGL distributors, 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.
Details
| Name: | Range Resources Corporation |
| RRC | |
| Exchange: | NYSE |
| Founded: | 1976 |
| $1,593,387,370 | |
| 244,010,317 | |
| Website: | http://www.rangeresources.com |
| Address: |
Range Resources Corporation 100 Throckmorton Street, Suite 1200, Fort Worth, Texas, 76102, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | RRC | Common Stock | New York Stock Exchange | US | USD | 19. Jun 1980 | |
| DB | RAX | Common Stock | Deutsche Boerse AG | DE | EUR | 19. Jun 1980 | |
| LSE | 0KTW | Common Stock | London Stock Exchange | GB | USD | 19. Jun 1980 | |
| BMV | RRCO * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 19. Jun 1980 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/15 23:46 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/14 |
| Last earnings filing: | 2019/04/22 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
