Truist Financial Cuts Range Resources (NYSE:RRC) Price Target to $43.00

Range Resources (NYSE:RRC) had its price objective lowered by Truist Financial from $45.00 to $43.00 in a research report released on Monday,Benzinga reports. Truist Financial currently has a hold rating on the oil and gas exploration company’s stock.

RRC has been the subject of a number of other research reports. Susquehanna reduced their price target on Range Resources from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Stephens upped their price objective on Range Resources from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group cut their price objective 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. UBS Group reduced their target price on Range Resources from $49.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Finally, Barclays boosted their target price on Range Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.00.

Range Resources Stock Performance

Shares of RRC opened at $39.84 on Monday. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 11.01 and a beta of 0.71. Range Resources has a 12 month low of $32.68 and a 12 month high of $48.31. The firm has a fifty day simple moving average of $40.05 and a 200 day simple moving average of $40.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18.

Range Resources (NYSE:RRC) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.63% and a net margin of 25.04%.The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Research analysts forecast that Range Resources will post 3.74 EPS for the current fiscal year.

Range Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.10 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 1.0%. Range Resources’s payout ratio is 11.05%.

Insider Transactions at Range Resources

In other Range Resources news, Director Reginal Spiller sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $40.00, for a total value of $140,000.00. Following the transaction, the director directly owned 13,421 shares of the company’s stock, valued at $536,840. This represents a 20.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Range Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Seelaus Asset Management LLC raised its position in Range Resources by 2.6% during the 1st quarter. Seelaus Asset Management LLC now owns 9,745 shares of the oil and gas exploration company’s stock worth $440,000 after purchasing an additional 250 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Range Resources by 37.8% in 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. NewEdge Advisors LLC increased its position in shares of Range Resources by 9.1% during the second quarter. NewEdge Advisors LLC now owns 3,494 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 291 shares during the period. Toth Financial Advisory Corp increased its position in shares of Range Resources by 27.3% during the second quarter. Toth Financial Advisory Corp now owns 1,400 shares of the oil and gas exploration company’s stock worth $52,000 after buying an additional 300 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in Range Resources by 0.9% during the first quarter. Harbor Investment Advisory LLC now owns 38,618 shares of the oil and gas exploration company’s stock worth $1,745,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

More Range Resources News

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

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast slightly to $3.58 from $3.57 and increased its Q1 2027 estimate to $1.10 from $0.97, suggesting expectations for stronger earnings in those periods. The firm maintains a “Hold” rating. Zacks Research Lifts Earnings Estimates for Range Resources
• Neutral Sentiment: Range Resources scheduled its third-quarter 2026 earnings release for October 27 after the market close, followed by an investor conference call on October 28. The announcement provides a clear near-term catalyst but does not change the company’s earnings outlook. Range Announces Conference Call to Discuss Third Quarter 2026 Financial Results
• Negative Sentiment: Zacks cut its Q4 2026 EPS estimate to $0.78 from $0.79, while lowering forecasts for Q2 2027 to $0.51 from $0.54, Q3 2027 to $0.59 from $0.62, and Q4 2027 to $0.78 from $0.80. These reductions outweigh the increases and may pressure sentiment toward the natural-gas and NGL producer.
• Negative Sentiment: Zacks’ FY2026 forecast of $3.58 remains below the broader analyst consensus of $3.74 per share. With the research firm retaining a “Hold” rating, the updates offer limited evidence of a near-term bullish shift.

Range Resources Company Profile

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil producer headquartered in Fort Worth, Texas. The company explores for, develops and produces hydrocarbons, with a primary focus on unconventional shale resources in the Appalachian Basin.

Range’s principal operating area is the Marcellus Shale in southwestern Pennsylvania, where it produces natural gas, NGLs and condensate. Its products are sold to customers through regional and interstate pipeline systems and other market channels serving utilities, industrial users, power generators and other energy markets.

Founded in 1976, Range Resources has historically operated in several U.S.