Zacks Research Downgrades Range Resources (NYSE:RRC) 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 research report issued to clients and investors 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.

A number of other research firms have also commented on RRC. Bank of America boosted their price objective on Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Truist Financial lowered their target price on Range Resources from $46.00 to $43.00 and set a “hold” rating for the company in a research note on Friday. The Goldman Sachs Group cut their price target on Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Stephens reduced their price target on shares of Range Resources from $53.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Weiss Ratings lowered shares of Range Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 2nd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $43.00.

Range Resources Stock Performance

NYSE:RRC opened at $36.45 on Monday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 9.64 and a beta of 0.41. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Range Resources has a 1 year low of $32.60 and a 1 year high of $48.31. The firm has a 50 day moving average of $38.83 and a 200-day moving average of $39.34.

Range Resources (NYSE:RRC) last released its quarterly earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $898.20 million. During the same period in the prior year, the company earned $0.96 EPS. Range Resources’s revenue for the quarter was up 49.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Range Resources will post 3.44 EPS for the current fiscal year.

Institutional Trading of Range Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners increased its stake in Range Resources by 59.3% in the third quarter. Boston Partners now owns 11,817,550 shares of the oil and gas exploration company’s stock valued at $445,196,000 after purchasing an additional 4,398,042 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Range Resources by 517.6% during the third quarter. AQR Capital Management LLC now owns 2,440,277 shares of the oil and gas exploration company’s stock worth $91,852,000 after purchasing an additional 2,045,165 shares in the last quarter. UBS Group AG boosted its position in shares of Range Resources by 66.3% during the fourth quarter. UBS Group AG now owns 3,588,540 shares of the oil and gas exploration company’s stock worth $126,532,000 after purchasing an additional 1,430,477 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Range Resources during the first quarter worth $64,481,000. Finally, Morgan Stanley grew its holdings in shares of Range Resources by 54.1% in the 4th quarter. Morgan Stanley now owns 3,267,227 shares of the oil and gas exploration company’s stock valued at $115,202,000 after buying an additional 1,147,304 shares during the period. 98.93% of the stock is owned by institutional investors.

Key Headlines Impacting Range Resources

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.