Range Resources (RRC) shares rallied 8% in the last trading session to close at $26.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 29.9% loss over the past four weeks.The massive natural gas price improvement primarily drove the stock. This is beneficial for Range Resources since the company has significant acreages in prolific Appalachian Basin. This independent oil and gas company is expected to post quarterly earnings of $1.11 per share in its upcoming report, which represents a year-over-year change of +362.5%. Revenues are expected to be $931.04 million, up 114.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Range Resources, the consensus EPS estimate for the quarter has been revised 5.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on RRC going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Range Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Magnolia Oil & Gas Corp (MGY), another stock in the same industry, closed the last trading session 3% lower at $21.21. MGY has returned -18.9% in the past month.For Magnolia Oil & Gas Corp, the consensus EPS estimate for the upcoming report has changed +4.7% over the past month to $1.17. This represents a change of +108.9% from what the company reported a year ago. Magnolia Oil & Gas Corp currently has a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Range Resources Corporation (RRC): Free Stock Analysis Report Magnolia Oil & Gas Corp (MGY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research