Susquehanna Cuts Range Resources (NYSE:RRC) Price Target to $41.00

Range Resources (NYSE:RRC) had its price target reduced by Susquehanna from $45.00 to $41.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have a neutral rating on the oil and gas exploration company’s stock.

Other equities research analysts also recently issued research reports about the company. UBS Group cut their price objective on Range Resources from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Bank of America upped their target price on Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on Range Resources from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Zacks Research lowered Range Resources from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Freedom Capital upgraded Range Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.12.

Range Resources Price Performance

Shares of NYSE:RRC opened at $38.88 on Tuesday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 10.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $38.30 and a 200 day simple moving average of $39.43. Range Resources has a one year low of $32.60 and a one year high of $48.31.

Range Resources (NYSE:RRC) last issued its earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. The firm had revenue of $759.58 million for the quarter, compared to analyst estimates of $744.78 million. Range Resources had a net margin of 25.04% and a return on equity of 18.63%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. Research analysts predict that Range Resources will post 3.46 earnings per share for the current fiscal year.

Range Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 1.0%. Range Resources’s dividend payout ratio (DPR) is presently 10.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RRC. Los Angeles Capital Management LLC bought a new position in Range Resources in the 4th quarter valued at about $34,000. Root Financial Partners LLC raised its stake 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 worth $45,000 after purchasing an additional 276 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Range Resources in the first quarter valued at approximately $59,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Range Resources during the fourth quarter valued at approximately $57,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Range Resources during the fourth quarter valued at approximately $61,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Key Range Resources News

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

• Positive Sentiment: Range Resources delivered a Q2 earnings beat, with higher production, better price realizations, and lower unit costs supporting results. The company also highlighted record production in the earnings call. Article Title
• Positive Sentiment: Management outlined 2026 gas guidance of $0.35-$0.40/Mcf and said it is targeting 2.5 Bcfe/d by year-end, reinforcing confidence in near-term operating performance. Article Title
• Positive Sentiment: Investor commentary centered on the earnings beat and completion of the multi-year buyback program, both of which can improve per-share value and sentiment. Article Title
• Neutral Sentiment: Range Resources was described as looking inexpensive on earnings, but the valuation case is being tempered by concerns about natural gas market risk. Article Title
• Negative Sentiment: Wells Fargo lowered its price target to $45 from $46 and kept an equal-weight rating, suggesting limited near-term upside despite the strong quarter. Article Title
• Negative Sentiment: Susquehanna also cut its price target to $41, adding to the cautious analyst tone around the stock after earnings. Article Title

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.