The price-to-earnings ratio for Range Resources stock stands at 15.81 as of Jul 26, 2024. This is calculated based on the current EPS of $2.01 and the stock price of $31.78 per share. An increase of 32% has been recorded in the P/E ratio compared to the average of 12.0 of the last 4 quarters.
Over the last ten years, the average PE ratio of Range Resources has been 28.52. The current 15.81 PE ratio is 45% 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 EQT and AR, but it is greater than CHK's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CHK Chesapeake Energy Corp | 9.71 | $10.19B |
| RRC Range Resources Corp | 15.81 | $7.69B |
| EQT EQT Corp | 20.3 | $15.15B |
| AR ANTERO RESOURCES Corp | 140.9 | $9.2B |
RRC stock has a price to earnings ratio of 15.81 as of Jul 26, 2024.
As an average over the last 3 years, RRC stock has a PE ratio of 8.79.
As an average over the last 5 years, RRC stock has a PE ratio of 8.79.
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 45% lower than the 10-year historical average.
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 (Jul 26, 2024), Range Resources's stock price is $31.78. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.01. Therefore, Range Resources's P/E ratio for today is 15.81. PE RATIO(15.81) = STOCK PRICE($31.78) / TTM EPS($2.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.