Why Range Resources (RRC) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Range Resources (RRC)
Based in Fort Worth, TX, Range Resources Corporation is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas properties, primarily in the Appalachian Basin and North Louisiana.
RRC sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Oil and Gas - Exploration and Production - United States industry's P/E of 5.4X, shares of Range Resources are trading at a forward P/E of 6.3X. RRC also has a PEG Ratio of 0.2, a Price/Cash Flow ratio of 9.2X, and a Price/Sales ratio of 3.4X.
Many value investors pay close attention to a company's earnings as well. For RRC, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.37 to $4.95 per share for 2022. Per share RRC boasts an average earnings surprise of 0.1%.
RRC should be on investors' short lists because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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