Range Resources

RRC · NYSE

$43.63+$0.40 (+0.93%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $43.23

RRC analyst rating

HoldConsensus of 17 analysts over the last 12 months. 12% rate it a buy.

Strong buy0
Buy2
Hold14
Underperform1
Sell0

12-month price target · 25 analysts

Average $46.73 (+7.1% upside)

Low: $36.36
Now: $43.63
High: $59.85

Upgrades and downgrades

The latest rating actions, newest first

RRC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 20, 2026	Maintains	Neutral	$41.00 → $44.00	56%
Morgan Stanley	Oct 15, 2026	Maintains	Equal-Weight	$43.00 → $45.00	66%
Truist Securities	Oct 5, 2026	Maintains	Hold	$45.00 → $43.00	63%
UBS	Oct 2, 2026	Maintains	Neutral	$49.00 → $44.00	55%
UBS	Sep 14, 2026	Maintains	Neutral	$44.00 → $49.00	55%
Barclays	Sep 8, 2026	Maintains	Equal-Weight	$40.00 → $42.00	53%
Morgan Stanley	Aug 19, 2026	Maintains	Equal-Weight	$44.00 → $43.00	66%
Barclays	Aug 17, 2026	Maintains	Equal-Weight	$43.00 → $40.00	53%
Wells Fargo	Jul 23, 2026	Maintains	Equal-Weight	$46.00 → $45.00	78%
Stephens & Co.	Jul 22, 2026	Maintains	Overweight	$52.00 → $53.00	49%

The case for and against

Updated Oct 18, 2026

Bull case

Range Resources is well positioned because its 2Q26 results showed stronger-than-expected operating leverage, with adjusted EPS/CFPS of $0.79/$1.41, EBITDA of $349MM, and free cash flow of $111MM, while production rose to 2.296 Bcfepd. The company’s outlook is reinforced by unchanged 2026 production and capex guidance of 2.35-2.40 Bcfepd and $650MM-$700MM, improved differential guidance, and disciplined capital allocation that returned 92% of 2Q26 FCF through buybacks and a fixed dividend. Longer term, management’s plan for 2027 growth to 2.60 Bcfepd, along with record drilling and completion efficiency and new gas marketing opportunities, supports confidence that Range can grow volumes while keeping reinvestment needs manageable.

Bear case

Range Resources is exposed to a weak fundamental setup because its earnings are highly dependent on natural gas pricing, yet it is unhedged in 2025 and beyond, leaving cash flow and EBITDA vulnerable if LNG-driven demand does not strengthen prices. Although net debt of $834MM and net debt-to-EBITDA of 0.5x at 3/31/26 suggest balance-sheet discipline, leverage is not enough to offset risks from inflationary service costs, regulatory constraints, and execution delays in third-party midstream and LNG capacity. Its NGL premium is also expected to contract from $4.41 in 1Q26 to about $1.88 in 2Q26, while reserve productivity and rising export capacity could further pressure realized margins.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.