Range Resources
Market Cap
US$1.4b
Last Updated
2020/06/01 11:26 UTC
Data Sources
Company Financials +
Executive Summary
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Range Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RRC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.3%
RRC
0.7%
US Oil and Gas
3.0%
US Market
1 Year Return
-26.1%
RRC
-33.4%
US Oil and Gas
9.9%
US Market
Return vs Industry: RRC exceeded the US Oil and Gas industry which returned -33.4% over the past year.
Return vs Market: RRC underperformed the US Market which returned 9.9% over the past year.
Shareholder returns
| RRC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 0.7% | 3.0% |
| 30 Day | -1.2% | 5.9% | 8.2% |
| 90 Day | 130.4% | -14.3% | 0.4% |
| 1 Year | -25.2%-26.1% | -30.3%-33.4% | 12.4%9.9% |
| 3 Year | -72.1%-72.7% | -29.6%-37.0% | 31.0%22.3% |
| 5 Year | -88.6%-88.9% | -38.0%-47.8% | 58.1%40.3% |
Price Volatility Vs. Market
How volatile is Range Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
The Range Resources (NYSE:RRC) Share Price Is Down 90% So Some Shareholders Are Rather Upset1 month ago | Simply Wall St
How Does Range Resources Corporation (NYSE:RRC) Fare As A Dividend Stock?1 month ago | Simply Wall St
How Many Range Resources Corporation (NYSE:RRC) Shares Did Insiders Buy, In The Last Year?Valuation
Is Range Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RRC ($5.99) is trading below our estimate of fair value ($297.6)
Significantly Below Fair Value: RRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RRC is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: RRC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RRC is good value based on its PB Ratio (0.6x) compared to the US Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Range Resources forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
19.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RRC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: RRC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: RRC's is expected to become profitable in the next 3 years.
Revenue vs Market: RRC's revenue is expected to decline over the next 3 years (-0.04% per year).
High Growth Revenue: RRC's revenue is forecast to decline over the next 3 years (-0.04% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RRC is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Range Resources performed over the past 5 years?
-42.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RRC is currently unprofitable.
Growing Profit Margin: RRC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RRC is unprofitable, and losses have increased over the past 5 years at a rate of -42.3% per year.
Accelerating Growth: Unable to compare RRC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RRC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).
Return on Equity
High ROE: RRC has a negative Return on Equity (-63.56%), as it is currently unprofitable.
Next Steps
Financial Health
How is Range Resources's financial position?
Financial Position Analysis
Short Term Liabilities: RRC's short term assets ($467.1M) do not cover its short term liabilities ($490.1M).
Long Term Liabilities: RRC's short term assets ($467.1M) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: RRC's debt to equity ratio (127.7%) is considered high.
Reducing Debt: RRC's debt to equity ratio has increased from 93.7% to 127.7% over the past 5 years.
Balance Sheet
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.
Stable Cash Runway: RRC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RRC has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.1% each year.
Next Steps
Dividend
What is Range Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RRC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RRC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: RRC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RRC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
Jeff Ventura (61yo)
8.42yrs
Tenure
US$8,384,520
Compensation
Mr. Jeffrey L. Ventura, also known as Jeff, has been the Chief Executive Officer of Range Resources Corporation since January 1, 2012 and has been its President since May 2008. Mr. Ventura served as an Exe ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD8.38M) is above average for companies of similar size in the US market ($USD4.76M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.42yrs | US$8.38m | 0.18% $2.6m | |
| Senior VP & CFO | 2.08yrs | US$3.16m | 0.20% $2.8m | |
| Senior VP & COO | 2.17yrs | US$2.24m | 0.0037% $51.3k | |
| Senior VP | 12yrs | US$2.74m | 0.037% $513.9k | |
| Senior Vice President of Reservoir Engineering & Economics | 13.33yrs | US$1.94m | 0.031% $430.1k | |
| Senior VP | 10.75yrs | no data | 0.0066% $92.6k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President | 3.08yrs | no data | no data | |
| Vice President of Liquids Marketing | no data | no data | no data |
8.4yrs
Average Tenure
59yo
Average Age
Experienced Management: RRC's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.42yrs | US$8.38m | 0.18% $2.6m | |
| Independent Director | 11.5yrs | US$274.99k | 0.021% $296.8k | |
| Independent Director | 0.92yr | US$211.20k | 0.039% $543.2k | |
| Independent Director | 3.58yrs | US$274.99k | 0.44% $6.2m | |
| Independent Director | 1.67yrs | US$274.99k | 0.035% $493.0k | |
| Independent Director | 4.92yrs | US$287.60k | 0.038% $533.8k | |
| Independent Chairman of the Board | 1.92yrs | US$549.99k | 0.019% $262.4k |
3.6yrs
Average Tenure
61yo
Average Age
Experienced Board: RRC's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RRC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Range Resources Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Range Resources Corporation
- Ticker: RRC
- Exchange: NYSE
- Founded: 1976
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$1.402b
- Shares outstanding: 233.97m
- Website: https://www.rangeresources.com
Number of Employees
Location
- Range Resources Corporation
- 100 Throckmorton Street
- Suite 1200
- Fort Worth
- Texas
- 76102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RRC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 1980 |
| RAX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1980 |
| 0KTW | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1980 |
| RRCO * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 1980 |
Biography
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. 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, 2019, the company owned and operated 1,272 net producing wells and approximately 833,000 net acres under lease in the Appalachian region; and 409 net producing wells and approximately 105,000 net acres under lease in the North Louisiana region. It markets and sells natural gas, and NGLs 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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 11:26 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.