Range Resources Corporation (RRC)
Energy · NYQ · US
Fundamentals
Valuation and ratings
Range Resources Corporation trades at USD36.23, which is 120% below the USD79.73 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 82 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 9.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Range Resources Corporation
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas, NGLs, and oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, refiners, marketers/traders, and natural gas processors; and oil to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum Inc. and changed its name to Range Resources Corporation in July 1992. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.
RRC passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$64.48M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$53.14M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$36.90M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$35.17M · 0.0% of book
- Ken Fisher, Fisher Asset Management, LLC$32.96M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Range Resources Corporation (RRC) undervalued?
Against our discounted cash flow estimate of USD79.73, RRC at USD36.23 is 120% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own RRC?
14 of the institutions we track reported a position in RRC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is RRC's P/E ratio?
RRC trades at 9.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for RRC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.