Range Resources (NYSE:RRC) Downgraded by Zacks Research to Strong Sell

Range Resources (NYSE:RRC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,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. Truist Financial dropped their price target on Range Resources from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Friday. TD Cowen raised their target price on shares of Range Resources from $40.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, March 17th. Freedom Capital upgraded shares of Range Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Barclays upped their price target on shares of Range Resources from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.00.

Range Resources Trading Up 0.6%

Shares of RRC stock opened at $36.45 on Monday. 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 stock has a market cap of $8.59 billion, a P/E ratio of 9.64 and a beta of 0.41. The stock has a 50 day simple moving average of $38.83 and a 200 day simple moving average of $39.34. Range Resources has a 1 year low of $32.60 and a 1 year high of $48.31.

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 for the quarter, beating 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 return on equity of 18.64% and a net margin of 26.09%.The company’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, research analysts predict that Range Resources will post 3.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Range Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of RRC. Wealthcare Advisory Partners LLC increased its holdings in Range Resources by 3.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 16,953 shares of the oil and gas exploration company’s stock worth $630,000 after purchasing an additional 558 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Range Resources by 7.7% during the second quarter. GAMMA Investing LLC now owns 8,309 shares of the oil and gas exploration company’s stock worth $309,000 after purchasing an additional 597 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Range Resources by 2.7% in the second quarter. Avior Wealth Management LLC now owns 19,625 shares of the oil and gas exploration company’s stock valued at $730,000 after buying an additional 511 shares during the period. Parallel Advisors LLC increased its stake in shares of Range Resources by 24.4% in the first quarter. Parallel Advisors LLC now owns 5,142 shares of the oil and gas exploration company’s stock valued at $232,000 after buying an additional 1,007 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in Range Resources by 50.6% in the 1st quarter. Glenmede Trust Co. NA now owns 14,989 shares of the oil and gas exploration company’s stock valued at $677,000 after buying an additional 5,037 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Key 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.