Range Resources (NYSE:RRC) Sets New 12-Month High – Still a Buy?

Posted by Geri Gentry on Oct 28th, 2026

Range Resources Corporation (NYSE:RRC – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $52.80 and last traded at $53.0570, with a volume of 1,918,724 shares trading hands. The stock had previously closed at $45.52.

Trending Headlines about Range Resources

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

Positive Sentiment: Proposed EQT merger remains the main catalyst. EQT will exchange 0.987 shares of EQT stock for each Range share in a transaction expected to create a more than $50 billion natural-gas producer. The companies forecast approximately $325 million in annual synergies within two years, along with improved market access, greater scale and stronger cash-flow generation. The deal is targeted to close in the first quarter of 2027, subject to shareholder and regulatory approvals. Range Resources Surges After EQT Agrees to Buy the Company in All-Stock Deal
Positive Sentiment: Range beat quarterly earnings expectations. Adjusted third-quarter earnings were $0.81 per diluted share, up from $0.57 a year earlier and above the Zacks consensus estimate of $0.70. GAAP net income rose 21% year over year to $175 million, while revenue increased 13% to $843 million. Range Resources Surpasses Q3 Earnings and Revenue Estimates
Positive Sentiment: Operating performance was strong. Record liquids production reached 133,173 barrels per day, cash flow from operations totaled $308 million, and cash flow before working-capital changes was $347 million. Cash margin increased to $1.52 per mcfe from $1.36 a year earlier, supported by higher NGL and oil realizations.
Neutral Sentiment: Deal-related uncertainty remains. The merger depends on shareholder votes, regulatory clearances and successful integration. Because the consideration is entirely in EQT shares, Range’s implied value will continue to fluctuate with EQT’s stock price.
Negative Sentiment: Shareholder law firms are reviewing the transaction. Kahn Swick & Foti and other firms are investigating whether the price and sale process adequately protect Range shareholders. Analysts have also questioned the strategic valuation of Range’s assets at current commodity prices. Range Resources Investor Alert

Wall Street Analyst Weigh In

RRC has been the subject of a number of recent research reports. Scotiabank started coverage on shares of Range Resources in a report on Wednesday, October 14th. They issued a “sector perform” rating and a $42.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Range Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley set a $54.00 price objective on shares of Range Resources in a research report on Tuesday. Truist Financial reduced their price objective on shares of Range Resources from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, October 5th. Finally, Barclays increased their target price on shares of Range Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Range Resources currently has an average rating of “Hold” and a consensus target price of $45.78.

Get Our Latest Report on Range Resources

Range Resources Stock Performance

The company has a 50 day moving average of $41.32 and a two-hundred day moving average of $40.01.

Range Resources (NYSE:RRC – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The oil and gas exploration company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $842.83 million during the quarter, compared to analysts’ expectations of $795.19 million. During the same quarter last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts predict that Range Resources Corporation will post 3.78 earnings per share for the current year.

Range Resources Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.7%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Range Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Range Resources in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Range Resources during the 2nd quarter valued at about $31,000. Root Financial Partners LLC purchased a new stake in Range Resources during the 3rd quarter valued at about $35,000. Ameritas Advisory Services LLC purchased a new stake in Range Resources during the 2nd quarter valued at about $44,000. Finally, Trust Co. of Vermont acquired a new position in shares of Range Resources in the second quarter valued at about $45,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

About Range Resources

(Get Free Report)

Range Resources Corporation is an independent natural gas, natural gas liquids and oil exploration and production company. Its operations are concentrated in the Appalachian Basin, particularly the Marcellus Shale in southwestern Pennsylvania, where the company develops unconventional wells and produces natural gas, condensate and natural gas liquids.

The company’s activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing hydrocarbons.