Range Resources Corporation (NYSE:RRC) Receives $44.00 Average PT from Brokerages

Range Resources Corporation (NYSE:RRC) has been assigned an average rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $44.00.

Several research firms recently weighed in on RRC. Morgan Stanley lifted their target price on shares of Range Resources from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. TD Cowen lifted their target price on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, March 17th. Stephens dropped their target price on shares of Range Resources from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Truist Financial dropped their target price on shares of Range Resources from $48.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Finally, Bank of America lifted their target price on shares of Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st.

Range Resources Stock Up 1.4%

Range Resources stock opened at $38.53 on Wednesday. Range Resources has a fifty-two week low of $32.60 and a fifty-two week high of $48.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a 50 day moving average price of $41.36 and a 200 day moving average price of $39.36. The company has a market capitalization of $9.08 billion, a PE ratio of 10.19 and a beta of 0.42.

Range Resources (NYSE:RRC) last posted its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.27. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. Research analysts expect that Range Resources will post 3.71 earnings per share for the current year.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. Range Resources’s payout ratio is 10.58%.

Key Headlines Impacting Range Resources

Here are the key news stories impacting Range Resources this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for multiple periods, including FY2026 to $3.48 per share, Q3 2026 to $0.67, Q3 2027 to $0.72, Q2 2027 to $0.78, and Q4 2026 to $0.85, signaling improved expectations for Range Resources’ earnings power.
• Positive Sentiment: A Yahoo Finance-linked article highlighted that an analyst raised the price target on Range Resources, suggesting at least one bullish valuation revision for the stock. Analyst Raises Price Target on Range Resources (RRC)
• Neutral Sentiment: Despite the higher estimates, Zacks still labels Range Resources as Hold in one update, and its latest consensus-style outlook remains below the broader current-year estimate of $3.70 per share.
• Negative Sentiment: Zacks Research also downgraded Range Resources from Strong Buy to Hold, which may have weighed on sentiment even as earnings forecasts improved.
• Negative Sentiment: One estimate was cut: Zacks lowered Q2 2026 EPS to $0.48 from $0.51, showing some caution around near-term performance.

Insider Activity at Range Resources

In other Range Resources news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $310,800.00. Following the completion of the transaction, the director owned 28,668 shares in the company, valued at $1,272,859.20. The trade was a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Range Resources

Several institutional investors have recently modified their holdings of RRC. Los Angeles Capital Management LLC acquired a new position in shares of Range Resources in the fourth quarter worth $34,000. Smartleaf Asset Management LLC grew its stake in shares of Range Resources by 49.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock worth $38,000 after acquiring an additional 336 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Range Resources by 37.8% in the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 276 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Range Resources in the fourth quarter worth $57,000. Finally, Western Wealth Management LLC acquired a new position in shares of Range Resources in the first quarter worth $59,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Range Resources Company Profile

Range Resources Corporation, headquartered in Fort Worth, Texas, is an independent energy company engaged in the exploration, development and production of natural gas, oil and natural gas liquids. The company focuses its core operations on the Appalachian Basin, with a significant presence in Pennsylvania’s Marcellus Shale. Through its drilling and completion activities, Range Resources seeks to optimize production efficiency while maintaining a disciplined approach to capital allocation and cost management.

The company’s technical expertise centers on advanced horizontal drilling and hydraulic fracturing techniques, which it applies to unlock unconventional resources.