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Range Resources Corp (NYSE:RRC)’s stock has reached a new 52-week high, hitting $41.96. This milestone underscores a positive trend over the past year, with the stock delivering a 20.36% return over the past six months alone. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, with technical indicators suggesting overbought conditions. The surge could be attributed to various factors, including the company’s performance and potential positive developments in the natural gas sector, in which it operates. With a market capitalization of $9.89 billion and a P/E ratio of 36.75, investors are closely monitoring such movements as they often indicate market optimism. For deeper insights into Range Resources’ valuation and 7 additional key ProTips, consider accessing the comprehensive research available on InvestingPro.
In other recent news, Range Resources Corp reported its first-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of $0.96, surpassing the projected $0.90. However, revenue came in below expectations, totaling $690.6 million against a forecast of $787.78 million. Despite the revenue shortfall, Range Resources managed to reduce its net debt by $42 million during the quarter. The company generated $183 million in free cash flow, which facilitated the payment of $22 million in dividends and the investment of $68 million in share repurchases. Looking forward, Range Resources anticipates a slight decrease in production in the second quarter due to maintenance activities but expects an increase in production later in the year. The company has set an annual capital expenditure target of $570 to $600 million. Additionally, analysts from Wolfe Research and TPH and Co. have shown interest in the company’s infrastructure plans and potential future demand for natural gas.
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