Range Resources (RRC) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this independent oil and gas company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earni ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Range Resources (RRC) . This company, which is in the Zacks Oil and Gas - Exploration and Production - United States industry, shows potential for another earnings beat.This independent oil and gas company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

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A month has gone by since the last earnings report for Range Resources (RRC) . Shares have added about 13.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Range Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Range Resources Q3 Earnings Beat on Higher Pr ...

As winter approaches with colder temperatures expected, energy investors increasingly focus on natural gas, a cleaner-burning alternative to oil and coal, due to rising heating demand. As a result, Range Resources Corporation (RRC) , Antero Resources Corporation (AR) , and Comstock Resources Inc. (CRK) are well-positioned to benefit.Colder Winter Forecast Across the U.S. Drives Gas DemandIn its short-term energy outlook, the U.S. Energy Information Administration forecasts a colder winter across much of the ...

Earnings Growth and Market Outlook - Range Resources Corporation (RRC) is expected to see earnings growth of 33% in 2025 [1] - The U S Energy Information Administration forecasts the 2025 Henry Hub spot natural gas price to rise to $3 10 per MMBtu from $2 28 MMBtu in September reflecting growing demand due to increased liquefied natural gas exports [1] Company Strengths and Production Outlook - RRC has decades of low-risk drilling inventory in Appalachia which brightens its production outlook [2] - The company has lower well costs per lateral foot compared to many other upstream players [2] - RRC has consistently reduced its net debt load over the past several years and has the lowest emission intensity among U S upstream companies [3] Industry Comparison and Competitor Analysis - ConocoPhillips (COP) has a solid production outlook supported by decades of drilling inventories across its low-cost and diversified upstream asset base including Eagle Ford shale the Permian Basin and Bakken shale [5] - Diamondback Energy has reported ongoing enhancements in average productivity per well in the Midland Basin likely leading to increased production volumes [6] - Matador Resources has a strong presence in the prolific Wolfcamp and Bone Spring plays in the Delaware Basin [6]

A few days ago, Range Resources (NYSE: RRC ) published its 2024 third-quarter report with results that beat analysts' expectations, both in terms of revenues and net income. The market appreciated Range Resources' results with the stock price that increased by 3.5% in the following Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresse ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Range Resources (NYSE: RRC ) is a pure-play Appalachian natural gas producer that has managed to weather low natural gas prices in 2024 with the help of its hedges. It generated $294 million in free cash flow during ...

Exhibit 99.1 NEWS RELEASE Range Announces Third Quarter 2024 Results FORT WORTH, TEXAS, October 22, 2024…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2024 financial results. Third Quarter 2024 Highlights – • Cash flow from operating activities of $246 million • Cash flow from operations, before working capital changes, of $250 million • Capital spending of $156 million, approximately 24% of the 2024 budget • Pre-hedge NGL realizations of $25.96 per barrel – premium of $4.10 over ...