Range Resources (NYSE:RRC) Price Target Cut to $45.00 by Analysts at Wells Fargo & Company

Range Resources (NYSE:RRC) had its price target trimmed by Wells Fargo & Company from $46.00 to $45.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the oil and gas exploration company’s stock.

RRC has been the topic of a number of other research reports. Weiss Ratings downgraded shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group reduced their price target on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. UBS Group dropped their price objective on shares of Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Bank of America increased their price objective on shares of Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Finally, Truist Financial reduced their target price on Range Resources from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.12.

Range Resources Price Performance

Shares of RRC opened at $38.88 on Thursday. Range Resources has a 52-week low of $32.60 and a 52-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 0.65. The business’s 50 day moving average price is $38.30 and its two-hundred day moving average price is $39.43. The firm has a market cap of $9.09 billion, a PE ratio of 10.74 and a beta of 0.41.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. The firm had revenue of $759.58 million for the quarter, compared to analysts’ expectations of $744.78 million. Range Resources had a return on equity of 18.63% and a net margin of 25.04%.The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. On average, equities analysts anticipate that Range Resources will post 3.46 EPS for the current year.

Range Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 1.0%. Range Resources’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of Range Resources during the fourth quarter valued at about $34,000. Root Financial Partners LLC raised its holdings in shares of Range Resources by 37.8% in the 1st 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 during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Range Resources in the 4th quarter worth about $57,000. Western Wealth Management LLC acquired a new stake in shares of Range Resources in the 1st quarter worth about $59,000. Finally, Basepoint Wealth LLC bought a new position in Range Resources in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Key Stories Impacting Range Resources

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

• Positive Sentiment: Range Resources delivered a Q2 earnings beat, with higher production, better price realizations, and lower unit costs supporting results. The company also highlighted record production in the earnings call. Article Title
• Positive Sentiment: Management outlined 2026 gas guidance of $0.35-$0.40/Mcf and said it is targeting 2.5 Bcfe/d by year-end, reinforcing confidence in near-term operating performance. Article Title
• Positive Sentiment: Investor commentary centered on the earnings beat and completion of the multi-year buyback program, both of which can improve per-share value and sentiment. Article Title
• Neutral Sentiment: Range Resources was described as looking inexpensive on earnings, but the valuation case is being tempered by concerns about natural gas market risk. Article Title
• Negative Sentiment: Wells Fargo lowered its price target to $45 from $46 and kept an equal-weight rating, suggesting limited near-term upside despite the strong quarter. Article Title
• Negative Sentiment: Susquehanna also cut its price target to $41, adding to the cautious analyst tone around the stock after earnings. Article Title

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.