RBC Capital analyst Scott Hanold lowered the firm’s price target on Range Resources (RRC) to $44 from $46 and keeps a Sector Perform rating on the shares. Strong NGL and natural gas pricing should result in Q4 outperformance relative to consensus as cold weather during the middle of the quarter resulted in tighter basis pricing, the analyst tells investors in a research note. Production should stay fairly flat in the first half but start to grow mid-2026 through 2027 as part of Range Resources’ plans, the firm added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- Range Resources price target lowered to $36 from $39 at Citi
- Wells Fargo downgrades Range Resources to Equal Weight on relative valuation
- Range Resources downgraded to Equal Weight from Overweight at Wells Fargo
- Range Resources to Redeem $600 Million Senior Notes
- Range Resources price target raised to $43 from $38 at UBS