Financials Range Resources Corporation

Equities

RRC

US75281A1097

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-01 pm EDT			5-day change	1st Jan Change
34.55 ^USD	-3.79%		-8.53%	+13.50%

Apr. 30	Piper Sandler Adjusts Price Target on Range Resources to $43 From $41, Maintains Overweight Rating	MT
Apr. 26	Range Resources Insider Sold Shares Worth $603,131, According to a Recent SEC Filing	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,216	1,639	4,434	6,031	7,342	8,383	-	-
Enterprise Value (EV) ¹	4,388	4,724	7,146	7,872	8,905	9,678	9,377	9,191
P/E ratio	-0.7 x	-2.27 x	11.1 x	5.33 x	8.53 x	16.8 x	11.1 x	9.91 x
Yield	1.65%	-	-	0.64%	1.05%	0.93%	0.98%	1.02%
Capitalization / Revenue	0.43 x	0.83 x	1.51 x	1.45 x	2.18 x	3.01 x	2.66 x	2.62 x
EV / Revenue	1.55 x	2.4 x	2.44 x	1.9 x	2.64 x	3.48 x	2.98 x	2.87 x
EV / EBITDA	4.78 x	8.03 x	5.51 x	3.51 x	7.15 x	7.98 x	5.96 x	5.79 x
EV / FCF	-225 x	-28.4 x	19.1 x	5.09 x	24 x	21.3 x	11.7 x	11.7 x
FCF Yield	-0.44%	-3.53%	5.24%	19.6%	4.17%	4.69%	8.54%	8.52%
Price to Book	0.52 x	0.99 x	2.14 x	2.08 x	1.76 x	1.99 x	1.73 x	1.48 x
Nbr of stocks (in thousands)	250,719	244,628	248,692	241,035	241,205	242,627	-	-
Reference price ²	4.850	6.700	17.83	25.02	30.44	34.55	34.55	34.55
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,828	1,969	2,930	4,147	3,374	2,783	3,150	3,197
EBITDA ¹	917.6	588.3	1,296	2,242	1,246	1,213	1,574	1,587
EBIT ¹	-2,022	-544.7	629.4	1,579	1,224	755.4	1,106	1,150
Operating Margin	-71.52%	-27.67%	21.48%	38.08%	36.28%	27.14%	35.11%	35.96%
Earnings before Tax (EBT) ¹	-2,217	-737.3	402	1,414	1,100	595.2	989.6	1,131
Net income ¹	-1,716	-711.8	411.8	1,183	871.1	478.8	737.7	820.7
Net margin	-60.7%	-36.15%	14.05%	28.54%	25.82%	17.2%	23.42%	25.67%
EPS ²	-6.920	-2.950	1.610	4.690	3.570	2.058	3.119	3.488
Free Cash Flow ¹	-19.5	-166.6	374.3	1,546	371	453.7	801.1	783.5
FCF margin	-0.69%	-8.46%	12.77%	37.28%	10.99%	16.3%	25.43%	24.5%
FCF Conversion (EBITDA)	-	-	28.88%	68.94%	29.77%	37.41%	50.88%	49.38%
FCF Conversion (Net income)	-	-	90.89%	130.64%	42.58%	94.75%	108.6%	95.47%
Dividend per Share ²	0.0800	-	-	0.1600	0.3200	0.3200	0.3400	0.3533
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	1,567	180.7	1,225	1,111	1,630	1,186	637	609.7	941.4	645.4	661.6	683.1	749.9	804.4	745
EBITDA ¹	478.6	538.8	567.4	593.9	542.3	433.1	216.5	268	327.2	338.6	263.9	278.1	339.3	433	346.8
EBIT ¹	966.2	-525.7	598.2	471.4	1,035	635.5	76.06	95.73	417	140.8	160.6	172.2	234.1	332.9	250.4
Operating Margin	61.67%	-290.87%	48.83%	42.45%	63.49%	53.57%	11.94%	15.7%	44.3%	21.81%	24.28%	25.21%	31.22%	41.38%	33.61%
Earnings before Tax (EBT) ¹	909.9	-572.9	556.2	432.7	997.8	603.3	44.94	65.13	386.9	110.3	130.7	145.2	206.6	280.6	196.3
Net income ¹	891.4	-456.8	452.9	373.1	814.2	481.4	30.23	49.43	310	92.14	101.8	114	161	221.6	156.7
Net margin	56.89%	-252.75%	36.96%	33.59%	49.94%	40.58%	4.75%	8.11%	32.93%	14.28%	15.39%	16.69%	21.47%	27.55%	21.04%
EPS ²	3.470	-1.860	1.770	1.490	3.310	1.950	0.1200	0.2000	1.270	0.3800	0.4304	0.4888	0.6662	0.8958	0.6314
Dividend per Share ²	-	-	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800	0.0800	-	0.0800	0.0800	0.0800	0.0800	0.0800
Announcement Date	2/22/22	4/26/22	7/25/22	10/24/22	2/27/23	4/24/23	7/24/23	10/24/23	2/21/24	4/23/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,172	3,085	2,711	1,842	1,562	1,295	995	808
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.457 x	5.244 x	2.092 x	0.8214 x	1.254 x	1.068 x	0.6316 x	0.5095 x
Free Cash Flow ¹	-19.5	-167	374	1,546	371	454	801	783
ROE (net income / shareholders' equity)	3.07%	-1.11%	27%	47.7%	17.3%	14.3%	18.4%	14.7%
ROA (Net income/ Total Assets)	1.21%	-0.35%	7.87%	17.8%	12.6%	7.07%	8.2%	6.8%
Assets ¹	-142,349	205,900	5,233	6,643	6,915	6,768	8,994	12,068
Book Value Per Share ²	9.400	6.780	8.350	12.00	17.30	17.40	19.90	23.30
Cash Flow per Share ²	2.940	1.340	4.150	8.260	4.590	4.490	5.700	6.370
Capex ¹	748	435	419	488	607	636	639	681
Capex / Sales	26.47%	22.11%	14.29%	11.77%	17.99%	22.86%	20.3%	21.29%
Announcement Date	2/27/20	2/23/21	2/22/22	2/27/23	2/21/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Range Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

34.55 USD

Average target price

37.44 USD

Spread / Average Target

+8.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
RANGE RESOURCES CORPORATION	+13.50%	8.38B
CHEVRON CORPORATION	+7.02%	294B
CONOCOPHILLIPS	+7.13%	146B
CNOOC LIMITED	+55.38%	128B
CANADIAN NATURAL RESOURCES LIMITED	+18.67%	80.27B
EOG RESOURCES, INC.	+7.44%	74.75B
PIONEER NATURAL RESOURCES COMPANY	+19.02%	62.53B
OCCIDENTAL PETROLEUM CORPORATION	+7.94%	57.13B
HESS CORPORATION	+8.75%	48.14B
DIAMONDBACK ENERGY, INC.	+26.39%	34.96B

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