Zacks Research Downgrades Range Resources (NYSE:RRC) to Hold

Range Resources (NYSE:RRC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued 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 analysts have also recently issued reports on RRC. Wells Fargo & Company upped their price objective on shares of Range Resources from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Bank of America upped their price objective on shares of Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 2nd. TD Cowen upped their price objective on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, March 17th. Finally, Citigroup dropped their price objective on shares of Range Resources from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.00.

Range Resources Stock Up 1.9%

Shares of NYSE RRC opened at $39.17 on Tuesday. Range Resources has a 12-month low of $32.60 and a 12-month high of $48.31. The stock has a market cap of $9.23 billion, a PE ratio of 10.36 and a beta of 0.42. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $41.60 and a 200 day moving average of $39.37.

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 (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.27. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $898.20 million. During the same quarter in the prior year, the company earned $0.96 EPS. Range Resources’s revenue was up 49.8% compared to the same quarter last year. As a group, sell-side analysts predict that Range Resources will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Range Resources news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $44.40, for a total value of $310,800.00. Following the transaction, the director directly owned 28,668 shares in the company, valued at $1,272,859.20. The trade was a 19.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Range Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Seelaus Asset Management LLC boosted its holdings in Range Resources by 2.6% in the 1st 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 lifted 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. UMB Bank n.a. lifted its holdings 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 worth $86,000 after acquiring an additional 279 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Range Resources by 5.5% in the 3rd quarter. Profund Advisors LLC now owns 5,427 shares of the oil and gas exploration company’s stock worth $204,000 after acquiring an additional 282 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Range Resources by 2.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 12,503 shares of the oil and gas exploration company’s stock worth $471,000 after acquiring an additional 302 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

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.