
Range Resources (RRC) Stock Forecast & Price Target
Range Resources (RRC) Analyst Ratings
Bulls say
Range Resources has demonstrated solid financial fundamentals, highlighted by a significant year-end 2024 proven reserve total of 18.1 trillion cubic feet equivalent and a daily net production rate of 2.2 billion cubic feet equivalent, with a strong reliance on natural gas. The company is positioned for production growth, targeting an increase to 2.6 Bcfe/d by 2027, which is supported by ongoing stock buybacks that could surpass $1 billion in the next three years while benefitting from an expanding NGL market. Furthermore, Range Resources is set to maintain financial efficiency with low cash taxes through 2026 and a focus on debt reduction, enhancing overall stability and investor confidence.
Bears say
Range Resources is significantly exposed to the inherent volatility of commodity prices, which has been highlighted as a critical risk to its stock performance, particularly if prices fall below expectations. The company's production metrics, with 68% of output derived from natural gas, further accentuate its vulnerability to shifts in gas prices, as indicated by the downside scenario projecting potential valuations based on lower commodity price forecasts. Additionally, while operational costs such as lease operating expenses (LOE) have been marginally reduced, the anticipated capital spending remains below market consensus, suggesting challenges in maintaining robust operational capacity amid an uncertain pricing environment.
This aggregate rating is based on analysts' research of Range Resources and is not a guaranteed prediction by Public.com or investment advice.
Range Resources (RRC) Analyst Forecast & Price Prediction
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