Financials Range Resources Corporation

Equities

RRC

US75281A1097

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 01:30:02 03/05/2024 am IST			5-day change	1st Jan Change
34.99 ^USD	+1.27%		-7.07%	+14.95%

30/04	Piper Sandler Adjusts Price Target on Range Resources to $43 From $41, Maintains Overweight Rating	MT
26/04	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	8,490	-	-
Enterprise Value (EV) ¹	4,388	4,724	7,146	7,872	8,905	9,749	9,459	9,316
P/E ratio	-0.7 x	-2.27 x	11.1 x	5.33 x	8.53 x	17.2 x	11.2 x	9.89 x
Yield	1.65%	-	-	0.64%	1.05%	0.91%	0.97%	1.01%
Capitalization / Revenue	0.43 x	0.83 x	1.51 x	1.45 x	2.18 x	3.05 x	2.69 x	2.65 x
EV / Revenue	1.55 x	2.4 x	2.44 x	1.9 x	2.64 x	3.5 x	3 x	2.91 x
EV / EBITDA	4.78 x	8.03 x	5.51 x	3.51 x	7.15 x	8.02 x	6 x	5.87 x
EV / FCF	-225 x	-28.4 x	19.1 x	5.09 x	24 x	21.2 x	11.6 x	11.7 x
FCF Yield	-0.44%	-3.53%	5.24%	19.6%	4.17%	4.71%	8.62%	8.57%
Price to Book	0.52 x	0.99 x	2.14 x	2.08 x	1.76 x	2.01 x	1.76 x	1.5 x
Nbr of stocks (in thousands)	2,50,719	2,44,628	2,48,692	2,41,035	2,41,205	2,42,627	-	-
Reference price ²	4.850	6.700	17.83	25.02	30.44	34.99	34.99	34.99
Announcement Date	27/02/20	23/02/21	22/02/22	27/02/23	21/02/24	-	-	-

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	2,782	3,152	3,206
EBITDA ¹	917.6	588.3	1,296	2,242	1,246	1,216	1,575	1,588
EBIT ¹	-2,022	-544.7	629.4	1,579	1,224	751.9	1,105	1,158
Operating Margin	-71.52%	-27.67%	21.48%	38.08%	36.28%	27.03%	35.05%	36.13%
Earnings before Tax (EBT) ¹	-2,217	-737.3	402	1,414	1,100	593	993.2	1,144
Net income ¹	-1,716	-711.8	411.8	1,183	871.1	477	744.5	852.9
Net margin	-60.7%	-36.15%	14.05%	28.54%	25.82%	17.14%	23.62%	26.6%
EPS ²	-6.920	-2.950	1.610	4.690	3.570	2.038	3.126	3.539
Free Cash Flow ¹	-19.5	-166.6	374.3	1,546	371	459.1	815.4	798.5
FCF margin	-0.69%	-8.46%	12.77%	37.28%	10.99%	16.5%	25.87%	24.91%
FCF Conversion (EBITDA)	-	-	28.88%	68.94%	29.77%	37.75%	51.76%	50.29%
FCF Conversion (Net income)	-	-	90.89%	130.64%	42.58%	96.26%	109.52%	93.62%
Dividend per Share ²	0.0800	-	-	0.1600	0.3200	0.3200	0.3400	0.3533
Announcement Date	27/02/20	23/02/21	22/02/22	27/02/23	21/02/24	-	-	-

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	659	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%	24.38%	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	101.9	114.1	161	222.8	159
Net margin	56.89%	-252.75%	36.96%	33.59%	49.94%	40.58%	4.75%	8.11%	32.93%	14.28%	15.47%	16.7%	21.47%	27.7%	21.34%
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	22/02/22	26/04/22	25/07/22	24/10/22	27/02/23	24/04/23	24/07/23	24/10/23	21/02/24	23/04/24	-	-	-	-	-

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	1,260	970	827
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.457 x	5.244 x	2.092 x	0.8214 x	1.254 x	1.036 x	0.6155 x	0.5205 x
Free Cash Flow ¹	-19.5	-167	374	1,546	371	459	815	799
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	-1,42,349	2,05,900	5,233	6,643	6,915	6,742	9,078	12,543
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%	20.29%	21.24%
Announcement Date	27/02/20	23/02/21	22/02/22	27/02/23	21/02/24	-	-	-

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

34.99 USD

Average target price

37.38 USD

Spread / Average Target

+6.84%

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	+14.95%	8.49B
CHEVRON CORPORATION	+7.76%	296B
CONOCOPHILLIPS	+5.32%	143B
CNOOC LIMITED	+56.15%	128B
CANADIAN NATURAL RESOURCES LIMITED	+17.95%	80.11B
EOG RESOURCES, INC.	+8.97%	75.81B
PIONEER NATURAL RESOURCES COMPANY	+19.90%	62.99B
OCCIDENTAL PETROLEUM CORPORATION	+8.29%	57.32B
HESS CORPORATION	+9.99%	48.69B
DIAMONDBACK ENERGY, INC.	+27.44%	35.25B

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