Range Resources (NYSE:RRC) Cut to “Equal Weight” at Wells Fargo & Company

Wells Fargo & Company downgraded shares of Range Resources (NYSE:RRC) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, MarketBeat reports. Wells Fargo & Company currently has $43.00 price target on the oil and gas exploration company’s stock, down from their previous price target of $46.00.

A number of other research firms have also commented on RRC. Citigroup lowered their price target on shares of Range Resources from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Range Resources in a research report on Monday, December 29th. Susquehanna dropped their target price on shares of Range Resources to $39.00 and set a “neutral” rating for the company in a report on Monday, October 20th. UBS Group boosted their price target on Range Resources from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Royal Bank Of Canada increased their price objective on Range Resources from $45.00 to $46.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.84.

Range Resources Stock Down 1.0%

Shares of NYSE:RRC opened at $33.42 on Monday. The stock has a market capitalization of $7.92 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.23 and a beta of 0.51. The stock’s 50-day moving average price is $36.65 and its 200-day moving average price is $36.35. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Range Resources has a 12-month low of $30.32 and a 12-month high of $43.50.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, October 28th. The oil and gas exploration company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $655.30 million during the quarter, compared to analysts’ expectations of $721.22 million. Range Resources had a return on equity of 15.99% and a net margin of 19.64%.Range Resources’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. On average, equities analysts anticipate that Range Resources will post 2.02 earnings per share for the current year.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. Range Resources’s dividend payout ratio is presently 15.13%.

Hedge Funds Weigh In On Range Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in RRC. Hantz Financial Services Inc. increased its stake in shares of Range Resources by 1,464.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 751 shares of the oil and gas exploration company’s stock worth $31,000 after acquiring an additional 703 shares in the last quarter. True Wealth Design LLC grew its holdings in Range Resources by 116.3% in the third quarter. True Wealth Design LLC now owns 1,006 shares of the oil and gas exploration company’s stock worth $38,000 after purchasing an additional 541 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Range Resources by 49.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 336 shares in the last quarter. Barrett & Company Inc. purchased a new position in shares of Range Resources during the second quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Range Resources in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Trending Headlines about Range Resources

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

• Positive Sentiment: Barclays reaffirmed its Hold rating and a $44 price target, signaling continued confidence in Range’s recovery potential and providing upside vs. current levels. InsiderMonkey article
• Positive Sentiment: Zacks slightly raised its Q2 2026 EPS view (to $0.44), a small constructive datapoint that suggests some quarterly resilience amid other cuts. MarketBeat RRC page
• Positive Sentiment: Analysts have largely reaffirmed coverage after the company’s notes redemption, and some commentary highlights Range as an inexpensive oil & gas name for value investors. InsiderMonkey article
• Negative Sentiment: Zacks Research cut multiple near‑term and FY estimates: Q1 2026 to $0.88 (from $1.05), Q3 2026 to $0.70 (from $0.74), Q4 2025 to $0.70 (from $0.74) and trimmed FY2026 to $2.82 (from $3.05). These downgrades reduce forward earnings visibility and likely pressured the stock. MarketBeat / Zacks note
• Negative Sentiment: Wells Fargo downgraded RRC from Overweight to Equal Weight and lowered its price target to $43 (from $46), signaling more cautious near‑term conviction despite upside vs. current levels. That downgrade amplified selling pressure. The Fly article
• Negative Sentiment: Citigroup published a pessimistic forecast for RRC’s stock, adding to negative analyst commentary that can amplify short‑term volatility. American Banking News article

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.