Range Resources Corp experienced a price decline of 3.55%, hitting a 20-day low. This movement occurs as the broader market shows signs of weakness, with the Nasdaq-100 down 0.33% and the S&P 500 down 0.51%.
The decline in Range Resources Corp's stock price is attributed to sector rotation, as investors are shifting their focus away from energy stocks amid the overall market downturn. The stock's performance reflects the challenges faced by the sector in the current economic environment.
Investors may need to reassess their positions in Range Resources Corp as the company navigates through these market conditions. The current low could present a buying opportunity for those looking to invest in the energy sector, depending on future market trends.
Wall Street analysts forecast RRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RRC is 42.00 USD with a low forecast of 36.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
Wall Street analysts forecast RRC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RRC is 42.00 USD with a low forecast of 36.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
12 Hold
1 Sell
Hold
Current: 37.450
Low
36.00
Averages
42.00
High
48.00
Current: 37.450
Low
36.00
Averages
42.00
High
48.00
Morgan Stanley
Equal Weight
downgrade
$42 -> $40
2026-01-23
Reason
Morgan Stanley
Price Target
$42 -> $40
AI Analysis
2026-01-23
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on Range Resources to $40 from $42 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects "fairly clean" Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
Barclays
Equal Weight
downgrade
$44 -> $39
2026-01-21
Reason
Barclays
Price Target
$44 -> $39
2026-01-21
downgrade
Equal Weight
Reason
Barclays lowered the firm's price target on Range Resources to $39 from $44 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of a Q4 preview. The upstream sector's cash return model "remains resilient" amid macro volatility, the analyst tells investors in a research note. Barclays see attractive opportunities in U.S. onshore. It tells investors to "tread carefully" through the near-term commodity uncertainty.
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Scotiabank
Sector Perform
downgrade
$46 -> $45
2026-01-21
Reason
Scotiabank
Price Target
$46 -> $45
2026-01-21
downgrade
Sector Perform
Reason
Scotiabank lowered the firm's price target on Range Resources to $45 from $46 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for North American Natural Gas stocks under its coverage, the analyst tells investors. Scotiabank's forecasts continue to show supply deficits in U.S. and Western Canada, leading the firm to believe natural gas commodity and equity prices will increase over the next year.
BofA
Buy -> Neutral
downgrade
$44 -> $38
2026-01-16
Reason
BofA
Price Target
$44 -> $38
2026-01-16
downgrade
Buy -> Neutral
Reason
BofA downgraded Range Resources to Neutral from Buy with a price target of $38, down from $44. Bullish sentiment on natural gas has persisted for 18 months, but the firm sees rising risk of oversupply in 2027, which combined with lower price forecasts drives an average 12% reduction in its price objectives among the gas-levered E&P group.
About RRC
Range Resources Corporation is an independent natural gas and natural gas liquids (NGLs) producer. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties in the Appalachian region of the United States. Its principal area of operations is the Marcellus Shale in Pennsylvania. Its properties consist of interests in developed and undeveloped natural gas and oil leases. It owns approximately 1,431 net producing wells in Pennsylvania. It holds a portfolio of drilling opportunities and unbooked resource potential within the Marcellus, Utica/Point Pleasant and Upper Devonian formations. Its exploration and production operations are limited to the onshore United States. It has approximately 871,000 gross (763,000 net) acres under lease. Its subsidiaries include Range Resources-Appalachia, LLC, Range Resources-Pine Mountain, LLC, Range Production Company, LLC, Range Resources-Midcontinent, LLC and Range Resources-Louisiana, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
