Range Resources (NYSE:RRC) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Range Resources (NYSE:RRC) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports. Zacks Research also issued estimates for Range Resources’ Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.79 EPS, FY2026 earnings at $3.29 EPS, Q1 2027 earnings at $0.92 EPS, Q2 2027 earnings at $0.70 EPS, Q3 2027 earnings at $0.66 EPS, Q4 2027 earnings at $0.91 EPS and FY2027 earnings at $3.19 EPS.

RRC has been the subject of a number of other research reports. Bank of America increased their target price on shares of Range Resources from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 2nd. TD Cowen upped their price target on shares of Range Resources from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, March 17th. Citigroup lowered their price objective on shares of Range Resources from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, UBS Group dropped their target price on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Range Resources Trading Up 0.6%

Shares of NYSE:RRC opened at $36.45 on Monday. 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 company’s 50-day moving average price is $38.83 and its 200 day moving average price is $39.34. The company has a market cap of $8.59 billion, a PE ratio of 9.64 and a beta of 0.41. 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 posted its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $898.20 million. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. Range Resources’s quarterly revenue was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. Sell-side analysts anticipate that Range Resources will post 3.44 earnings per share for the current year.

Range Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. Range Resources’s dividend payout ratio (DPR) is 10.58%.

Institutional Trading of Range Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in Range Resources during the fourth quarter worth approximately $34,000. Root Financial Partners LLC increased its holdings in shares of Range Resources by 37.8% in the first quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 276 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Range Resources in the fourth quarter valued at $57,000. Western Wealth Management LLC acquired a new stake in shares of Range Resources during the 1st quarter valued at $59,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Range Resources during the 4th quarter valued at $61,000. 98.93% of the stock is currently owned by institutional investors.

More Range Resources News

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

• Neutral Sentiment: Zacks Research flagged Range Resources’ upcoming quarterly report as lacking the two ingredients typically needed for a strong earnings beat, signaling cautious expectations ahead of the release. Earnings Preview: Range Resources (RRC) Q2 Earnings Expected to Decline
• Neutral Sentiment: Analysts at Zacks Research raised their Q4 2027 EPS estimate to $0.91 from $0.74, but kept a Hold rating, suggesting only limited enthusiasm despite the higher forecast.
• Neutral Sentiment: Zacks Research also lifted its Q4 2027 and other longer-dated estimates in some cases, but the firm’s overall stance remained unchanged at Hold, indicating the revisions are not enough to turn bullish.

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.