NYSE:RRC

Stock Analysis Report

Executive Summary

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Risks

  • Range Resources has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-1.0%

NYSE:RRC

2.9%

US Oil and Gas

2.9%

US Market


1 Year Return

-74.9%

NYSE:RRC

-22.7%

US Oil and Gas

0.2%

US Market

RRC underperformed the Oil and Gas industry which returned -22.7% over the past year.

RRC underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

RRCIndustryMarket
7 Day-1.0%2.9%2.9%
30 Day-24.7%-7.9%-2.3%
90 Day-47.1%-6.6%3.1%
1 Year-74.7%-74.9%-19.9%-22.7%2.4%0.2%
3 Year-89.7%-89.8%-6.3%-14.7%41.7%32.4%
5 Year-94.6%-94.7%-33.0%-42.0%55.1%37.9%

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

Valuation

Is Range Resources undervalued based on future cash flows and its price relative to the stock market?

0.24x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Range Resources's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Range Resources's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Range Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Range Resources is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is Range Resources expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Range Resources's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Range Resources's earnings are expected to grow significantly at over 20% yearly.

Range Resources's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Range Resources's earnings growth is expected to exceed the United States of America market average.

Range Resources's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Range Resources is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Range Resources performed over the past 5 years?

-44.9%

Historical annual earnings growth


Earnings and Revenue History


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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Range Resources's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Range Resources's level of debt (90.7%) 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 (93.7% vs 90.7% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


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.

Whilst loss making Range Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Range Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.


Next Steps

Dividend

What is Range Resources's current dividend yield, its reliability and sustainability?

1.95%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Range Resources's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Range Resources's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

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.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (6.5x coverage).


Next Steps

Management

What is the CEO of Range Resources's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Jeff Ventura (61yo)

7.6yrs

Tenure

US$8,711,188

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

Jeff's remuneration is higher than average for companies of similar size in United States of America.

Jeff's compensation has increased whilst company is loss making.


Management Age and Tenure

7.6yrs

Average Tenure

59yo

Average Age

The average tenure for the Range Resources management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.1yrs

Average Tenure

62yo

Average Age

The tenure for the Range Resources board of directors is about average.


Insider Trading

More shares have been bought than sold by Range Resources individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$56,48213 Aug 19
Mark Scucchi
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares12,954.61
Max PriceUS$4.36
BuyUS$49,99913 Aug 19
Mark Scucchi
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares8,791.42
Max PriceUS$5.69
SellUS$17,78702 Aug 19
Mark Scucchi
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares3,126
Max PriceUS$5.69
SellUS$33,24702 Aug 19
David Poole
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares5,843
Max PriceUS$5.69
BuyUS$175,39007 May 19
Steven Gray
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$8.77
BuyUS$100,34401 May 19
Mark Scucchi
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares11,100
Max PriceUS$9.04
BuyUS$97,99712 Mar 19
James Funk
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$9.80
BuyUS$218,92404 Mar 19
Steven Gray
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$10.95

Ownership Breakdown


Management Team

  • Jeff Ventura (61yo)

    President

    • Tenure: 7.6yrs
    • Compensation: US$8.71m
  • Dori Ginn (61yo)

    Senior VP

    • Tenure: 9.9yrs
  • David Poole (57yo)

    Senior VP

    • Tenure: 11.2yrs
    • Compensation: US$2.21m
  • Alan Farquharson (61yo)

    Senior Vice President of Reservoir Engineering & Economics

    • Tenure: 12.5yrs
  • Kenneth Roy

    Senior Vice President

    • Tenure: 2.3yrs
  • Dennis Degner (46yo)

    Senior VP & COO

    • Tenure: 1.3yrs
    • Compensation: US$2.06m
  • Mark Scucchi (41yo)

    Senior VP & CFO

    • Tenure: 1.3yrs
    • Compensation: US$1.28m
  • Laith Sando

    Vice President of Investor Relations

    • Tenure: 0.0yrs
  • Alan Engberg

    Vice President of Liquids Marketing

    • Tenure: 0.0yrs

Board Members

  • Chris Helms (65yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$599.98k
  • James Funk (69yo)

    Director

    • Tenure: 10.7yrs
    • Compensation: US$630.79k
  • Margaret Dorman (55yo)

    Director

    • Tenure: 0.1yrs
  • Steffen Palko (68yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$599.98k
  • Anthony Dub (69yo)

    Independent Director

    • Tenure: 24.6yrs
    • Compensation: US$599.98k
  • Steve Gray (60yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$268.54k
  • Brenda Cline (58yo)

    Independent Director

    • Tenure: 4.1yrs
    • Compensation: US$599.98k
  • Jeff Ventura (61yo)

    President

    • Tenure: 7.6yrs
    • Compensation: US$8.71m
  • Greg Maxwell (62yo)

    Chairman of the Board

    • Tenure: 1.1yrs
    • Compensation: US$1.02m

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$1.007b
  • Shares outstanding: 245.04m
  • Website: https://www.rangeresources.com

Number of Employees


Location

  • Range Resources Corporation
  • 100 Throckmorton Street
  • Suite 1200
  • Fort Worth
  • Texas
  • 76102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RRCNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1980
RAXDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1980
0KTWLSE (London Stock Exchange)YesCommon StockGBUSDJun 1980
RRCO *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 1980

Biography

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 propertie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:44
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.