The price-to-earnings ratio for Range Resources stock stands at 9.62 as of Apr 17, 2024. This is calculated based on the current EPS of $3.61 and the stock price of $34.72 per share. An increase of 79% has been recorded in the P/E ratio compared to the average of 5.4 of the last 4 quarters.
Over the last ten years, the average PE ratio of Range Resources has been 31.38. The current 9.62 PE ratio is 69% below the historical average. In the past ten years, RRC's PE ratio was at its highest in the Jun 2017 quarter at 257.44, with a price of $23.17 and an EPS of $0.09. The Mar 2023 quarter recorded the bottom point at 3.07, with a price of $26.47 and an EPS of $8.62.
Maximum annual increase: 61.49% in 2023
Maximum annual decrease: -88.19% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.43 | 61.49% |
| 2022 | 5.22 | -51.71% |
| 2021 | 10.81 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | 12.73 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 14.03 | -88.19% |
RRC's current P/E ratio is above the 3 and 5-year historical averages, but it is lower than the 10-year average.
RRC's PE ratio is lower than its peer stocks PXD and AR, but it is greater than EQT's and CHK's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CHK Chesapeake Energy Corp | 4.79 | $11.4B |
| EQT EQT Corp | 7.9 | $15.87B |
| RRC Range Resources Corp | 9.62 | $8.41B |
| PXD Pioneer Natural Resources Co | 12.82 | $62.56B |
| AR ANTERO RESOURCES Corp | 36 | $8.85B |
RRC stock has a price to earnings ratio of 9.62 as of Apr 17, 2024.
As an average over the last 3 years, RRC stock has a PE ratio of 6.76.
As an average over the last 5 years, RRC stock has a PE ratio of 6.76.
Over the last ten years, the quarterly PE ratio reached a historic high of 257.44 in the Jun 2017 quarter.
The current price to earnings ratio of RRC is 69% lower than the 10-year historical average.
RRC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 9.62 is considered low.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 17, 2024), Range Resources's stock price is $34.72. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.61. Therefore, Range Resources's P/E ratio for today is 9.62. PE RATIO(9.62) = STOCK PRICE($34.72) / TTM EPS($3.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.