Wells Fargo & Company Cuts Range Resources (NYSE:RRC) Price Target to $45.00

Range Resources (NYSE:RRC) had its price target dropped by equities researchers at Wells Fargo & Company from $46.00 to $45.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the oil and gas exploration company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.16% from the company’s previous close.

A number of other brokerages also recently issued reports on RRC. Truist Financial decreased their price target on Range Resources from $46.00 to $43.00 and set a “hold” rating for the company in a report on Friday, July 10th. 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 research note on Friday, July 10th. Zacks Research lowered shares of Range Resources from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Citigroup reiterated a “neutral” rating on shares of Range Resources in a research note on Thursday. Finally, Bank of America increased their price target on shares of Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.12.

Range Resources Stock Performance

NYSE RRC opened at $38.74 on Thursday. The firm has a market capitalization of $9.13 billion, a P/E ratio of 10.70 and a beta of 0.41. The stock has a 50-day simple moving average of $38.35 and a two-hundred day simple moving average of $39.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. Range Resources has a fifty-two week low of $32.60 and a fifty-two week high of $48.31.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $759.58 million for the quarter, compared to the consensus estimate of $744.78 million. Range Resources had a return on equity of 18.99% and a net margin of 25.04%.The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities analysts forecast that Range Resources will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On Range Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in Range Resources during the fourth quarter valued at $34,000. Root Financial Partners LLC boosted its holdings in 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 buying an additional 276 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Range Resources during the 1st quarter worth approximately $59,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Range Resources during the fourth quarter valued at approximately $57,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Range Resources in the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Range Resources News Summary

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

• Positive Sentiment: Range Resources beat Q2 expectations, reporting EPS of $0.79 versus the $0.65 consensus and revenue of $759.6 million versus $744.8 million expected. Management also highlighted record production, stronger price realizations, and lower unit costs, all of which support the stock. RRC Q2 Earnings Beat Estimates on Higher Output & Price Realizations
• Positive Sentiment: The company said it is leaning on exports in its earnings call, which suggests it is trying to capture stronger demand and pricing opportunities in global gas markets. Range Resources Leans on Exports in Earnings Call
• Positive Sentiment: Range Resources completed its multi-year buyback program, a shareholder-friendly move that can help support per-share value. How Investors May Respond To Range Resources (RRC) Earnings Beat And Completed Multi-Year Buyback Program
• Neutral Sentiment: The company outlined 2026 gas guidance of $0.35-$0.40 per Mcf and said it is targeting 2.5 Bcfe/d by year-end, giving investors a read on production and pricing assumptions but not a clear immediate catalyst. Range Resources outlines $0.35-$0.40/Mcf 2026 gas guidance while targeting 2.5 Bcfe/d by year-end
• Neutral Sentiment: Susquehanna lowered its price target on Range Resources to $41 from $45 and kept a neutral rating. That still implies some upside, but it may temper enthusiasm around the earnings release. Susquehanna Lowers Range Resources (NYSE:RRC) Price Target to $41.00

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.