Range Resources (NYSE:RRC) Downgraded to Hold Rating by Zacks Research

Range Resources (NYSE:RRC) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Range Resources’ Q2 2026 earnings at $0.48 EPS, Q4 2026 earnings at $0.85 EPS, Q2 2027 earnings at $0.78 EPS and Q4 2027 earnings at $0.74 EPS.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley boosted their price target 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. Stephens cut their price objective on shares of Range Resources from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. TD Cowen upped their target price on shares of Range Resources from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, March 17th. 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 note on Thursday, March 12th. Finally, Barclays lifted their price target on Range Resources from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Range Resources has a consensus rating of “Hold” and a consensus price target of $44.00.

Range Resources Stock Performance

Shares of RRC opened at $39.17 on Tuesday. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 10.36 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $41.60 and its two-hundred day moving average is $39.37. Range Resources has a 52-week low of $32.60 and a 52-week high of $48.31.

Range Resources (NYSE:RRC) last announced its quarterly earnings data 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. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $898.20 million. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.Range Resources’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Analysts forecast that Range Resources will post 3.7 EPS for the current fiscal year.

Insider Activity at Range Resources

In other news, Director Brenda A. Cline sold 7,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the completion of the sale, the director directly owned 28,668 shares of the company’s stock, valued at $1,272,859.20. This represents a 19.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Range Resources

A number of hedge funds have recently made changes to their positions in the stock. Seelaus Asset Management LLC boosted its position in Range Resources by 2.6% during the first quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company’s stock valued at $440,000 after purchasing an additional 250 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Range Resources by 37.8% during 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 purchasing an additional 276 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Range Resources by 13.0% in the 4th quarter. UMB Bank n.a. now owns 2,431 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 279 shares in the last quarter. Profund Advisors LLC increased its holdings in Range Resources by 5.5% in the third quarter. Profund Advisors LLC now owns 5,427 shares of the oil and gas exploration company’s stock worth $204,000 after buying an additional 282 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Range Resources by 2.5% during the third quarter. Pinnacle Associates Ltd. now owns 12,503 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 302 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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.