Range Resources (RRC – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on the stock and has a $37.00 price target.
Gabriele Sorbara has given his Hold rating due to a combination of factors related to Range Resources’ recent performance and market conditions. The company reported strong first-quarter results for 2025, surpassing expectations in key financial areas, and reaffirmed its outlook for the year and the next three years. Despite these positive results, Sorbara remains cautious due to the company’s sensitivity to global market dynamics, particularly the trade tensions with China, which have impacted its recent performance.
Furthermore, while Range Resources has a robust inventory in Appalachia and is making strategic moves to reduce net debt and increase buybacks, the current commodity price environment limits the attractiveness of its valuation. The stock’s trading multiples are slightly above peer averages, and although a premium valuation is justified by its inventory depth, the potential upside is constrained by current market conditions. These considerations lead to the maintenance of a Hold rating, reflecting a balanced view of the company’s strengths and the external challenges it faces.
In another report released today, Barclays also maintained a Hold rating on the stock with a $39.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RRC in relation to earlier this year.