公司概述
Range Resources Corporation functions as an independent energy producer in the United States, focusing specifically on the exploration, development, and acquisition of natural gas, natural gas liquids, and oil properties within the Appalachian region. The company operates within the broader Energy sector and specifically the Oil & Gas E&P industry, which implies a business model centered on upstream resource extraction and commodity sales. As of the latest data, the firm maintains a market capitalization of $11.29B, generates annual revenue of $2.99B, and employs a workforce of 564 individuals. These valuation and revenue figures indicate that Range Resources holds a significant position in the regional energy landscape, reflecting a substantial asset base and operational scale that allows it to compete within the volatile oil and gas markets.
财务健康
The company reported a trailing twelve-month revenue of $2.99B and a net income of $656.73M, while its EBITDA reached $1.36B. The substantial gap between the revenue of $2.99B and the net income of $656.73M reveals a cost structure where operating expenses, including depletion, depletion costs, and administrative overhead, consume a significant portion of gross receipts before arriving at the bottom line. Free cash flow stands at $342.94M, which indicates that the company possesses positive cash generation from operations after capital expenditures, providing financial flexibility for potential debt servicing or reinvestment in exploration activities. The company maintains a gross margin of 49.6%, an operating margin of 33.6%, and a profit margin of 22.0%; these figures demonstrate that for every dollar of revenue, the company retains nearly half as gross profit and over a fifth as net income, highlighting effective cost control relative to commodity prices. In terms of leverage, the firm holds $204,000 in cash against a total debt load of $1.37B, resulting in a debt-to-equity ratio of 31.78%, which suggests a leveraged balance sheet typical for capital-intensive E&P companies rather than a conservative cash-rich posture. The current ratio is reported at 0.67, indicating that the company's current assets are less than its current liabilities, which points to potential liquidity constraints or a reliance on operating cash flow to meet short-term obligations rather than holding substantial liquid reserves. Return on equity is 15.9% and return on assets is 8.2%, metrics that reveal management's effectiveness in generating profits from shareholder equity and utilizing the total asset base to produce earnings, respectively.
估值评估
Range Resources trades with a trailing twelve-month P/E ratio of 17.39 and a forward P/E of 11.03. The notable difference between the trailing P/E of 17.39 and the forward P/E of 11.03 implies that the market expects a significant expansion in earnings in the coming year, likely driven by rising commodity prices or operational efficiencies, rather than a static earnings trajectory. The price-to-book ratio is 2.60, indicating that the market values the company at 2.6 times its book value, suggesting a premium placed on its intangible assets, reserves value, or future growth prospects above its tangible net asset base. Alternative valuation metrics include a price-to-sales ratio of 3.78 and an EV/EBITDA of 9.24; these figures suggest that investors are willing to pay a moderate multiple for revenue and a relatively low multiple for earnings relative to enterprise value, which can be attractive in cyclical sectors if earnings volatility is managed well. The stock's trading range over the last 52 weeks spans from a low of $30.32 to a high of $48.31. Without a specific current price provided in the source data to calculate the exact percentage, the historical range defines the volatility floor and ceiling within which the security has traded, offering context for price discovery relative to its recent performance history. The beta value is 0.57, which means the stock's price volatility is significantly lower than the broader market, suggesting that Range Resources offers a relative stability compared to the S&P 500, potentially appealing to investors seeking energy exposure with dampened systemic risk.
Growth & Income
The company has demonstrated robust expansion with revenue growth of 16.3% year-over-year and earnings growth of 94.1% year-over-year. The fact that earnings growth of 94.1% is growing significantly faster than revenue growth of 16.3% implies that the company is benefiting from margin expansion, likely due to improved operational efficiency, favorable commodity pricing, or lower input costs, rather than solely relying on volume increases. Regarding income distribution, the company offers a dividend yield of 0.8% with a payout ratio of 13.1%. This low payout ratio indicates that the company retains the vast majority of its earnings, providing a high degree of sustainability for the dividend and ample room for future increases or share buybacks without jeopardizing operational capital needs. Given the high growth rate and low payout ratio, the company primarily reinvests its substantial earnings back into the business to fund further exploration and acquisition activities in the Appalachian region rather than distributing maximum cash to shareholders. Overall, Range Resources presents a profile characterized by aggressive earnings expansion, a highly sustainable dividend supported by strong cash flow generation, and a valuation that reflects expectations of continued profitability improvement.