RRC

Event Overview: The American Exploration and Production Council (AXPC) hosted a visit by Secretary Doug Burgum to a hydraulic fracturing site in Pennsylvania, showcasing the role of local oil and gas in meeting U.S. energy needs and emphasizing the importance of smart energy policies and innovation in reducing emissions.

Industry Leaders' Statements: Executives from EQT, Halliburton, and Range Resources highlighted the significance of collaboration and technological advancements in enhancing energy production, supporting job growth, and ensuring a sustainable energy future for America.

RSI Analysis: Range Resources Corp has an RSI of 29.2, indicating potential exhaustion of recent selling pressure, compared to the average RSI of energy stocks at 32.7 and other benchmarks like WTI Crude Oil at 28.8.

Stock Performance: RRC's shares are currently trading at $33.31, down 12.3% for the day, with a 52-week range between $27.29 and $41.95, suggesting possible entry points for bullish investors.

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RANGE RESOURCES CORP Analysis: RANGE RESOURCES CORP (RRC) is rated 46% using the Growth Investor model based on Martin Zweig's strategy, which focuses on growth stocks with accelerating earnings and reasonable valuations. A score above 80% indicates interest in the stock, while a score above 90% suggests strong interest.

About Martin Zweig: Martin Zweig's investment strategies have historically provided an average annual return of 15.9% over 15 years, earning him recognition for risk-adjusted returns. He has managed various funds and is known for his extensive collection of memorabilia and luxury real estate investments.

Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including Waters Corporation, ConnectOne Bancorp, Range Resources Corporation, Global-E Online Ltd, and Ashland Inc., with corresponding increases in price targets.

Current Stock Prices: The closing stock prices for the mentioned companies are as follows: Waters Corp at $368.53, ConnectOne Bancorp at $23.73, Range Resources at $40.14, Global-E Online at $38.26, and Ashland Inc at $56.93.

Analyst Ratings and Price Targets: RBC Capital analyst Scott Hanold maintained a Hold rating on Range Resources with a price target of $42.00, while Roth MKM also issued a Hold rating; however, Wells Fargo maintained a Buy rating earlier this month.

Company Performance and Insider Activity: Range Resources reported a quarterly revenue of $666.98 million and a net profit of $94.84 million, but insider sentiment is negative as there has been an increase in insiders selling shares, including a significant sale by the EVP & CFO.

Range Resources Update: Analyst Leo Mariani from Roth MKM maintains a Hold rating on Range Resources with a price target of $41.00, while the consensus suggests a Moderate Buy with an average target of $42.06.

Touchstone Exploration Rating: Charlie Sharp from Canaccord Genuity reiterates a Buy rating for Touchstone Exploration with a price target of $0.60, and the analyst consensus indicates a Moderate Buy with a target of $0.78.

Range Resources Upgrade: J.P. Morgan upgraded Range Resources to Neutral from Underweight, raising the price target to $45 due to favorable natural gas market conditions and the company's growth strategy aimed at increasing production to 2.6 Bcfe/day by 2027.

Vermilion Energy Downgrade: J.P. Morgan downgraded Vermilion Energy to Underweight from Overweight, citing less favorable valuation and potential risks related to the resolution of the Russia-Ukraine conflict that could impact European gas supplies.

Shift in Energy Focus: JPMorgan is favoring natural gas over oil due to increasing U.S. gas demand, a projected oil surplus by 2025, and positive factors like LNG export growth and a shift from coal to gas. They have upgraded Range Resources Corp while downgrading Vermilion Energy Inc.

Oil Market Outlook: The oil market is expected to face challenges with a surplus of 1.3 million barrels per day anticipated in 2025, leading to lower price forecasts for Brent crude and reduced earnings estimates for oil companies, indicating a cautious stance on oil investments.

Real-time Market Intelligence: Benzinga Pro offers the fastest and most accurate stock market alerts, helping traders stay informed and make winning trades daily.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, gaining access to exclusive stories and insights from Benzinga reporters.

National Energy Services Reunited (NESR): Analysts maintain a bullish outlook with a Buy rating and a price target of $12.00 from BTIG, while Barclays sets a higher target of $17.00, indicating strong potential upside for the stock.

Range Resources (RRC): Wells Fargo also holds a Buy rating with a price target of $45.00, despite a consensus rating of Hold among analysts, suggesting moderate growth potential compared to its current share price.

Upcoming Ex-Dividend Dates: TXO Partners LP, Range Resources Corp, and Williams Cos Inc will trade ex-dividend on 3/14/25, with respective dividends of $0.61, $0.09, and $0.50 scheduled for payment on 3/21/25, 3/28/25, and 3/31/25.

Dividend Yield Expectations: The estimated annualized yields are 12.46% for TXO, 0.96% for RRC, and 3.64% for WMB, reflecting the historical stability of their dividends despite market fluctuations.

Dividend Announcement: Range Resources Corporation declared a quarterly cash dividend of $0.09 per common share, marking a 12.5% increase, payable on March 28, 2025, to stockholders of record by March 14, 2025.

Company Overview: Range Resources is a prominent independent natural gas and NGL producer based in Fort Worth, Texas, with operations primarily in the Appalachian Basin.

Quarterly Dividend Announcement: Range Resources (RRC) declared a quarterly cash dividend of 9 cents per common share, marking a 12.5% increase, payable on March 28 to stockholders of record by March 14.

Investment Insights: The article highlights the potential for maximizing investment portfolios with strong buy ratings from analysts and mentions various resources for stock analysis.

Appointment Announcement: Range Resources Corporation has appointed Christian S. Kendall to its Board of Directors, effective February 27, 2025, where he will serve on the Governance and Nominating and ESG and Safety Committees.

Professional Background: Mr. Kendall brings over 30 years of experience in the oil and gas industry, having previously served as CEO of Denbury Inc. and held various leadership roles at Noble Energy; he is expected to enhance Range's strategic development in the Marcellus Shale region.

Analyst Ratings Overview: Recent ratings for Range Resources show a mix of bullish and bearish sentiments from 14 analysts, with an average price target increase to $40.57, reflecting a positive trend in expectations over the past months.

Financial Performance Insights: Range Resources faces challenges with below-average revenue growth, net margin, return on equity, and return on assets compared to industry standards, indicating potential difficulties in profitability and efficient capital utilization.

Price Target Update: Stephens has raised the price target for Range Resources (RRC) to $44 from $43, maintaining an Overweight rating due to positive Q4 results, which showed free cash flow exceeding consensus by 16%.

Investment Insights: The article highlights the importance of tracking stocks with Strong Buy ratings and suggests using TipRanks’ Stock Screener for identifying investment opportunities.

Financial Performance Overview: Range Resources Corporation reported a cash flow from operating activities of $945 million for 2024, with a reduction in net debt by $172 million and an increase in proved reserves to 18.1 trillion cubic feet equivalent. However, the company faced significant declines in net income and oil production compared to the previous year.

Strategic Plans for Growth: For 2025, Range has set a capital budget of $650-$690 million, aiming for a production target of approximately 2.2 billion cubic feet equivalent per day while focusing on reducing emissions and enhancing its well inventory to support future growth through 2027.

Analyst Ratings: Roth MKM analyst Leo Mariani has maintained a Hold rating on Range Resources (RRC) with a price target of $41.00, while the current consensus also reflects a Hold rating with an average price target of $40.55, indicating potential upside from its current share price of $37.50.

Company Performance: Range Resources reported quarterly revenue of $567.91 million and a net profit of $50.66 million for the quarter ending September 30, showing slight year-over-year changes in revenue and profit compared to the previous year.

Analyst Ratings: Gabriele Sorbara from Siebert Williams Shank & Co maintains a Hold rating on Range Resources (RRC) with a price target of $44.00, while the stock currently trades at $38.48. The consensus among analysts is also a Hold, with an average price target of $40.55.

Company Performance: Range Resources reported quarterly revenue of $567.91 million and a net profit of $50.66 million for the quarter ending September 30, showing slight improvement compared to the previous year’s revenue of $571.33 million and net profit of $49.43 million.