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

Zacks Research cut shares of Range Resources (NYSE:RRC) from a strong-buy rating to a hold rating in a research note released 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 research firms also recently commented on RRC. Piper Sandler raised their price objective on Range Resources from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Barclays raised their price objective on Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Truist Financial lowered their price objective on shares of Range Resources from $48.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company upped their price objective on shares of Range Resources from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley upped their price target on shares of Range Resources from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.

Range Resources Price Performance

Shares of RRC stock opened at $39.17 on Tuesday. Range Resources has a 52-week low of $32.60 and a 52-week high of $48.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $9.23 billion, a P/E ratio of 10.36 and a beta of 0.42. The stock has a 50 day moving average price of $41.60 and a 200 day moving average price of $39.37.

Range Resources (NYSE:RRC) last issued its quarterly earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Range Resources had a return on equity of 18.64% and a net margin of 26.09%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $898.20 million. During the same period last year, the company earned $0.96 EPS. Range Resources’s quarterly 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 earnings per share for the current year.

Range Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. Range Resources’s dividend payout ratio (DPR) is currently 10.58%.

Insiders Place Their Bets

In related news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Range Resources

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Range Resources during the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC grew its stake in Range Resources by 49.6% during the 3rd 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 during the last quarter. Root Financial Partners LLC grew its stake in Range Resources by 37.8% during the 1st quarter. Root Financial Partners LLC now owns 1,006 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 276 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Range Resources during the 4th quarter valued at about $57,000. Finally, Western Wealth Management LLC purchased a new stake in Range Resources during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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.