Stock Price & Analysis

Based on the analysis, RRC stock is currently showing positive momentum with favorable upgrades and strong natural gas market conditions. Buying RRC stock is recommended as it aligns with the positive growth strategy and improving market trends.

Range Resources (RRC) is expected to reach a price target of $45 by 2025. This prediction is supported by J.P. Morgan's recent upgrade to Neutral and a $45 price target, driven by favorable natural gas market conditions and the company's growth strategy to increase production to 2.6 Bcfe/day by 2027. The stock's current momentum, with a 6.3% gain this week and a 22.51% increase over the past month, further supports this bullish outlook.

The S1 support level for RRC Stock is $36.34 ,The R1 resistant level for RRC Stock is $40.33.

As of the end of day on 2025-03-24, the price of RRC Stock was $40.75.

The target price for RRC Stock according to analyst rating is 41.83, with the highest price target at 47.00 and the lowest at 33.00. Analysts have a Hold rating on RRC Stock overall.

The market cap of RRC is $9.6B.

Analysis and Insights

Valuation Metrics:

• PE Ratio: Ranges from 15.38 to 32.95, higher than industry averages, suggesting a premium valuation.
• EV/EBITDA: Moderate at 3.54 to 3.70, indicating reasonable valuation.
• PS Ratio: 2.18 to 2.20, aligns with peers.
• PB Ratio: 0.89 to 1.04, near book value, suggesting fair pricing.

Financial Performance:

• Revenue: $598M to $680M, stable with some variability.
• Net Income: Positive but fluctuating, typical for energy sector.
• Gross Profit: Healthy, showing efficient operations.
• ROE: 6.88%, decent but not exceptional.
• Debt-to-Equity: 43%, manageable but cautious if commodity prices drop.

Technical Analysis:

• RSI: 56.76 to 69.00, not overbought.
• MACD: Slightly bearish, but not significantly.
• SMA: Trading near 20-day average of $37.68.
• Bollinger Bands: Moderate volatility.

Analyst Sentiment:

• Mixed ratings with price targets from $32 to $45, averaging around $40.
• Recent upgrades cite valuation and growth strategies.

Dividend Yield:

• 0.89% to 1.04%, lower than peers, not ideal for income seekers.

Market Sentiment:

• Fear & Greed Index at "extreme fear," potential buying opportunity.

Conclusion:

RRC shows mixed signals. While some metrics indicate a premium, others are reasonable. Investors should weigh their risk tolerance and goals.

Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and crude oil and condensate company. 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 1,466 net producing wells in Pennsylvania. It has an 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 860,000 gross (753,000 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.

Price Prediction for RRC Stock by 2030

Based on current trends and analyst expectations, Range Resources (RRC) is projected to reach a stock price of $55 by 2030. This forecast is supported by strong natural gas market fundamentals, the company's growth strategy, and improving valuation metrics.

• Natural Gas Demand: Rising LNG export capacity, electrification trends, and coal-to-gas switching are driving long-term demand for natural gas, benefiting RRC's operations.
• Company Strategy: Range Resources is leveraging its inventory and balance sheet to grow production to 2.6 Bcfe/day by 2027, positioning it well in a strong macro environment.
• Valuation: Analysts have raised price targets, with JP Morgan and Barclays highlighting RRC's prudent growth strategy and improving multiples.

This prediction aligns with the company's strategic pivot toward growth and the favorable outlook for U.S. natural gas.

RRC has a total of 548 employees.