Range Resources (NYSE:RRC) Price Target Lowered to $39.00 at The Goldman Sachs Group

Posted by Brenda Bartman on Jun 30th, 2026

Range Resources (NYSE:RRC – Get Free Report) had its price objective dropped by equities research analysts at The Goldman Sachs Group from $44.00 to $39.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas exploration company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 7.32% from the company’s previous close.

A number of other analysts have also weighed in on RRC. Piper Sandler raised their price target on shares of Range Resources from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Morgan Stanley reduced their price objective on Range Resources from $50.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday. Truist Financial decreased their price objective on Range Resources from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Freedom Capital raised Range Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Bank of America boosted their target price on Range Resources from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.33.

Check Out Our Latest Stock Analysis on Range Resources

Range Resources Stock Down 3.3%

Shares of NYSE:RRC opened at $36.34 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.18. The firm has a market cap of $8.56 billion, a P/E ratio of 9.61 and a beta of 0.42. Range Resources has a 12 month low of $32.60 and a 12 month high of $48.31. The company’s 50-day moving average price is $40.05 and its two-hundred day moving average price is $39.22.

Range Resources (NYSE:RRC – Get Free Report) last announced its earnings results on Tuesday, April 21st. The oil and gas exploration company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.27. Range Resources had a net margin of 26.09% and a return on equity of 18.64%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $898.20 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 49.8% on a year-over-year basis. As a group, research analysts forecast that Range Resources will post 3.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Brenda A. Cline sold 7,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $44.40, for a total transaction of $310,800.00. Following the completion of the transaction, the director directly owned 28,668 shares in the company, valued at approximately $1,272,859.20. The trade was a 19.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in Range Resources in the fourth quarter valued at approximately $34,000. Root Financial Partners LLC boosted its position in shares of Range Resources by 37.8% during 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 in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Range Resources during the fourth quarter worth $57,000. Western Wealth Management LLC acquired a new position in shares of Range Resources in the 1st quarter valued at $59,000. Finally, Basepoint Wealth LLC acquired a new position in shares of Range Resources in the 4th quarter valued at $61,000. Institutional investors own 98.93% of the company’s stock.

Range Resources Company Profile

(Get Free Report)

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.