Range Resources Co. Experiences Mixed Analysts’ Opinions Despite Positive Financial Performance, Mutual of America Capital Management LLC Reduces Holdings by 2.1% in Q1 2023
August 12, 2023
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Range Resources ($NYSE:RRC) Co. is an American natural gas and oil exploration and production company. Despite recent decreases in holdings by Mutual of America Capital Management LLC, Range Resources has still managed to achieve strong overall financial performance. Despite this, the company has still experienced strong gains in its financial performance.
This was driven by a combination of increased production volumes and higher commodity prices. With its strong operational performance and increased production volumes, the company is well-positioned for continued success in the future.
Analysis
At GoodWhale, we’ve taken a deep dive into RANGE RESOURCES to see how it’s performing from a financial and business perspective. The results of our analysis produces a Risk Rating of medium risk for this investment. We’ve detected two major risk warnings from our evaluation of their income sheet and balance sheet. To get a more detailed look at these findings, become a registered user with GoodWhale. When you become a registered user, you’ll gain access to our in-depth analysis of RANGE RESOURCES, so that you can make an informed decision about investing. Signing up is easy and free, so don’t miss out on this chance to get the full picture on RANGE RESOURCES. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Range Resources. More…
| Total Revenues | Net Income | Net Margin |
| 4.08k | 1.66k | 34.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Range Resources. More…
| Operations | Investing | Financing |
| 1.74k | -553.14 | -1.02k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Range Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.79k | 3.4k | 14.04 |
Key Ratios Snapshot
Some of the financial key ratios for Range Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.3% | 209.7% | 54.3% |
| FCF Margin | ROE | ROA |
| 29.0% | 41.4% | 20.4% |
Peers
In the past decade, natural gas production in the United States has increased dramatically due to advances in horizontal drilling and hydraulic fracturing technologies. This has led to increased competition among natural gas producers, particularly in the Appalachian Basin. Range Resources Corp, EQT Corp, Antero Resources Corp, and Coterra Energy Inc are all major players in the Appalachian Basin natural gas market. While each company has its own strengths and weaknesses, they all compete fiercely for market share.
– EQT Corp ($NYSE:EQT)
EQT Corporation is a publicly traded natural gas and oil exploration and production company with operations in the United States, Canada, and Australia. The company has a market capitalization of $15.05 billion as of 2022 and a return on equity of -5.33%. EQT Corporation is one of the largest producers of natural gas in the United States and is the largest provider of natural gas services in Pennsylvania. The company also owns and operates a midstream business that transports, processes, and stores natural gas.
– Antero Resources Corp ($NYSE:AR)
Antero Resources Corporation is a publicly traded oil and gas exploration and production company with a market capitalization of $10.7 billion as of early 2021. The company’s operations are focused in the Appalachian Basin, where it is one of the largest natural gas producers. Antero’s return on equity has averaged 15.98% over the past five years.
Antero Resources was founded in 2002 and is headquartered in Denver, Colorado. The company’s exploration and production activities are primarily conducted in the Appalachian Basin, which includes parts of Ohio, Pennsylvania, West Virginia, and Kentucky. In addition to its domestic operations, Antero also has interests in Argentina, Colombia, and Venezuela.
– Coterra Energy Inc ($NYSE:CTRA)
Cotterra Energy Inc is a publicly traded company with a market capitalization of $23.62 billion as of April 2021. The company has a return on equity of 19.57% as of the same date. Cotterra Energy is engaged in the exploration, development and production of oil and natural gas properties. The company has operations in the United States, Canada and Trinidad and Tobago.
Summary
Range Resources Co. has received divergent analyst evaluations in spite of its strong financial performance. All these consistent growth indicators has led to an increase in stock prices over the past year. Despite the strong financial performance, analysts have not been consistent in their outlook for the company’s future, leaving investors unsure of their decision to invest in Range Resources Co.
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