Range Resources price target raised to $44 from $39 at Barclays

Barclays raised the firm’s price target on Range Resources (RRC) to $44 from $39 and keeps an Equal Weight rating on the shares. The firm remains constructive on names levered to gas. It sees reasons for long-term price support with over 20 Bcfd of incremental demand expected by 2030. Barclays increased 2026 and 2027 gas price estimates to $4.50 and $4.25, respectively, and prefers EQT (EQT), Expand Energy (EXE), and Coterra Energy (CTRA) for gas exposure.