Range Resources (RRC) – Research Analysts’ Recent Ratings Changes

Range Resources (NYSE: RRC) recently received a number of ratings updates from brokerages and research firms:

• 1/30/2025 – Range Resources had its price target raised by analysts at Barclays PLC from $34.00 to $40.00. They now have an “equal weight” rating on the stock.
• 1/29/2025 – Range Resources had its price target raised by analysts at Stephens from $39.00 to $43.00. They now have an “overweight” rating on the stock.
• 1/29/2025 – Range Resources had its price target raised by analysts at Piper Sandler from $30.00 to $32.00. They now have a “neutral” rating on the stock.
• 1/17/2025 – Range Resources was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $45.00 price target on the stock.
• 1/17/2025 – Range Resources had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 1/14/2025 – Range Resources had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $40.00 price target on the stock.
• 1/13/2025 – Range Resources had its price target raised by analysts at Truist Financial Co. from $31.00 to $35.00. They now have a “hold” rating on the stock.
• 1/13/2025 – Range Resources was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $45.00 price target on the stock, up previously from $34.00.
• 1/3/2025 – Range Resources was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $42.00 price target on the stock.
• 12/17/2024 – Range Resources had its price target raised by analysts at Wells Fargo & Company from $38.00 to $40.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Range Resources had its price target raised by analysts at Mizuho from $40.00 to $47.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Range Resources was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $35.00 price target on the stock, up previously from $28.00.
• 12/6/2024 – Range Resources had its price target raised by analysts at Citigroup Inc. from $33.00 to $38.00. They now have a “neutral” rating on the stock.

Range Resources Price Performance

Range Resources stock traded down $0.17 during mid-day trading on Tuesday, hitting $37.27. The stock had a trading volume of 437,719 shares, compared to its average volume of 2,667,815. The firm has a market capitalization of $8.99 billion, a P/E ratio of 18.82 and a beta of 1.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $36.57 and its 200 day moving average is $32.95. Range Resources Co. has a one year low of $27.29 and a one year high of $41.95.

Range Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, December 13th. Range Resources’s dividend payout ratio is currently 16.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in shares of Range Resources during the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its position in shares of Range Resources by 59.0% during the 4th quarter. UMB Bank n.a. now owns 1,148 shares of the oil and gas exploration company’s stock valued at $41,000 after buying an additional 426 shares in the last quarter. Blue Trust Inc. raised its position in shares of Range Resources by 107.8% during the 3rd quarter. Blue Trust Inc. now owns 1,359 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 705 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Range Resources during the 4th quarter valued at about $46,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Range Resources during the 3rd quarter valued at about $49,000. Institutional investors own 98.93% of the company’s stock.

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.