Core Viewpoint - Range Resources (RRC) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - Range Resources has a solid track record of surpassing earnings estimates, particularly evident in the last two quarters with an average surprise of 27.55% [2]. - In the last reported quarter, the company achieved earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, resulting in a surprise of 37.14% [3]. - For the previous quarter, Range Resources was expected to report earnings of $0.39 per share but delivered $0.46 per share, yielding a surprise of 17.95% [3]. Earnings Estimates and Predictions - Earnings estimates for Range Resources have been trending upward, influenced by its history of earnings surprises [4]. - The company currently has a positive Zacks Earnings ESP (Expected Surprise Prediction) of +2.36%, indicating increased analyst optimism regarding its near-term earnings potential [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Range Resources (RRC) - Range Resources currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - The stock has shown strong performance, with a 6.29% increase over the past week, compared to the Zacks Oil and Gas - Exploration and Production - United States industry, which increased by 1.68% [6] - Over the past month, RRC shares have risen by 22.51%, outperforming the industry's 14.56% [6] - In the last quarter, RRC shares increased by 30.31%, and over the past year, they gained 36.71%, while the S&P 500 only moved 2.62% and 25.96%, respectively [7] Trading Volume - RRC's average 20-day trading volume is 2,284,858 shares, indicating a bullish sign when combined with rising stock prices [8] Earnings Outlook - In the past two months, 6 earnings estimates for RRC have been revised upwards, while 2 have been revised downwards, raising the consensus estimate from $1.99 to $2.06 [10] - For the next fiscal year, 5 estimates have moved upwards, while 3 have been revised downwards [10] Conclusion - Given the positive momentum indicators and earnings outlook, RRC is positioned as a strong buy candidate for investors seeking short-term opportunities [12]

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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 ...

Range Resources Corporation (NYSE:RRC) Q3 2024 Results Conference Call October 23, 2024 9:00 AM ET Company Participants Laith Sando - Vice President, Investor Relations Dennis Degner - Chief Executive Officer Mark Scucchi - Chief Financial Officer Alan Engberg - Vice President Liquid Marketing Conference Call Participants Scott Hanold - RBC Neil Mehta - Goldman Sachs & Company Doug Leggate - Wolfe Research Jacob Roberts - TPH & Company Kevin McCurdy - Pickering Energy Partners Roger Read - Wells Fargo Secur ...