Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, reiterated the Hold rating on Range Resources (RRC – Research Report). The associated price target remains the same with $44.00.
Gabriele Sorbara’s rating is based on several key considerations regarding Range Resources’ recent performance and future outlook. The company reported strong financial results for the fourth quarter of 2024, surpassing expectations in key metrics such as DCFPS, EBITDA, and FCF, largely due to higher realized gas prices. Additionally, Range Resources outlined a growth strategy extending to 2027, supported by new transportation, processing, and export capacities starting in 2026, which is expected to increase production significantly.
Despite these positive developments, Sorbara maintains a Hold rating primarily due to valuation concerns. While the company’s growth prospects and high-quality inventory in Appalachia are commendable, the current valuation does not justify a more bullish stance. Furthermore, while the 2025 outlook aligns with expectations and includes favorable capex and production guidance, the overall operating cost guidance is slightly higher than anticipated. These factors collectively contribute to the decision to maintain a Hold rating on Range Resources’ stock.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $32.00 price target.
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