Have you been paying attention to shares of Range Resources (RRC Quick QuoteRRC - Free Report) ? Shares have been on the move with the stock up 52.9% over the past month. The stock hit a new 52-week high of $56.47 in the previous session. Range Resources has gained 59.9% since the start of the year compared to the 40.3% move for the Zacks Oils-Energy sector and the 39.9% return for the Zacks Oil and Gas - Exploration and Production - United States industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on October 27, 2026, Range Resources reported EPS of $0.81 versus consensus estimate of $0.7.

For the current fiscal year, Range Resources is expected to post earnings of $3.98 per share on $3.52 in revenues. This represents a 32.67% change in EPS on a 13.08% change in revenues. For the next fiscal year, the company is expected to earn $3.69 per share on $3.66 in revenues. This represents a year-over-year change of -7.2% and 3.74%, respectively.

Valuation Metrics

Range Resources may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Range Resources has a Value Score of C. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 14.2X current fiscal year EPS estimates, which is a premium to the peer industry average of 9.6X. On a trailing cash flow basis, the stock currently trades at 12.6X versus its peer group's average of 5.4X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Range Resources currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Range Resources passes the test. Thus, it seems as though Range Resources shares could have a bit more room to run in the near term.

How Does RRC Stack Up to the Competition?

Shares of RRC have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Cheniere Energy, Inc. (LNG Quick QuoteLNG - Free Report) . LNG has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of A.

Earnings were strong last quarter. Cheniere Energy, Inc. beat our consensus estimate by 4.50%, and for the current fiscal year, LNG is expected to post earnings of $9.52 per share on revenue of $22.23 billion.

Shares of Cheniere Energy, Inc. have gained 12.1% over the past month, and currently trade at a forward P/E of 31.48X and a P/CF of 16.8X.

The Oil and Gas - Exploration and Production - United States industry is in the top 11% of all the industries we have in our universe, so it looks like there are some nice tailwinds for RRC and LNG, even beyond their own solid fundamental situation.