Range Resources (NYSE:RRC – Free Report) had its target price hoisted by Bank of America from $38.00 to $44.00 in a research report report published on Tuesday morning,Benzinga reports. Bank of America currently has a neutral rating on the oil and gas exploration company’s stock.
Other equities research analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Range Resources from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Piper Sandler raised their price target on shares of Range Resources from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. TD Cowen raised their price target on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, March 17th. Truist Financial reduced their price target on shares of Range Resources from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Range Resources from $46.00 to $44.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Range Resources presently has a consensus rating of “Hold” and an average price target of $43.41.
Range Resources Price Performance
Range Resources (NYSE:RRC – Get Free Report) last released its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.27. Range Resources had a net margin of 21.12% and a return on equity of 16.31%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $898.20 million. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue was up 49.8% on a year-over-year basis. Equities research analysts forecast that Range Resources will post 3.44 EPS for the current fiscal year.
Range Resources Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.10 dividend. This is a boost from Range Resources’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. Range Resources’s payout ratio is presently 14.60%.
Insider Buying and Selling
In other Range Resources news, Director Brenda A. Cline sold 7,000 shares of Range Resources stock in a transaction that occurred 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 sale, the director owned 28,668 shares of the company’s stock, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On Range Resources
A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in Range Resources by 1.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,660,494 shares of the oil and gas exploration company’s stock worth $975,311,000 after purchasing an additional 326,748 shares during the period. Vanguard Group Inc. grew its position in Range Resources by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 25,553,637 shares of the oil and gas exploration company’s stock worth $901,021,000 after purchasing an additional 701,751 shares during the period. Boston Partners grew its position in Range Resources by 14.0% in the 4th quarter. Boston Partners now owns 13,467,808 shares of the oil and gas exploration company’s stock worth $474,585,000 after purchasing an additional 1,650,258 shares during the period. Dimensional Fund Advisors LP grew its position in Range Resources by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,965,029 shares of the oil and gas exploration company’s stock worth $316,123,000 after purchasing an additional 673,827 shares during the period. Finally, Kopernik Global Investors LLC grew its position in Range Resources by 18.5% in the 4th quarter. Kopernik Global Investors LLC now owns 5,238,903 shares of the oil and gas exploration company’s stock worth $184,724,000 after purchasing an additional 818,295 shares during the period. Institutional investors own 98.93% of the company’s stock.
Range Resources News Roundup
Here are the key news stories impacting Range Resources this week:
- Positive Sentiment: Q1 results beat estimates across outlets — Range reported stronger EPS and revenue versus expectations, with providers showing EPS around $1.44–$1.52 and revenue/operating profit growth, signaling margin expansion and higher cash generation. Range Resources (RRC) Q1 Earnings and Revenues Top Estimates
- Positive Sentiment: Detailed company results showed revenue up ~26% YoY, operating profit and net income rising substantially, and operating cash flow jumping ~88% YoY — metrics that support the stock move higher on improving fundamentals. Range Resources Corporation (RRC) Releases Q1 2026 Earnings: Revenue and EPS Surge
- Positive Sentiment: Company press release and slide deck provide management detail supporting the quarter — investors often reward clarity on production, capex and free-cash-flow priorities. Range Announces First Quarter 2026 Results
- Neutral Sentiment: Bank of America raised its price target from $38 to $44 (still a Neutral rating), a modest bullish signal on valuation but not a conviction upgrade. Benzinga
- Neutral Sentiment: Macro/commodity backdrop remains mixed: natural gas prices are subdued (~$2.67), which could limit upside if prices don’t firm into summer demand season. Natural Gas Stuck Below $2.70
- Negative Sentiment: Significant insider selling over the past six months (multiple executives sold shares) may concern investors about insider conviction near current levels. Range Resources Corporation (RRC) Releases Q1 2026 Earnings
- Negative Sentiment: Some analysts have trimmed targets or maintained holds (Barclays hold; an analyst cut a $5 price target), signaling mixed Street conviction despite the beat. Range Resources (RRC) Receives a Hold from Barclays Analyst Lowers Range Resources (RRC) Price Target by $5
About Range Resources
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.
Further Reading
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