Stephens analyst Mike Scialla raised the firm’s price target on Range Resources (RRC) to $51 from $44 and keeps an Overweight rating on the shares. The firm is adjusting 2025-2027 oil and natural gas price forecasts based on recent NYMEX strip prices, noting that OPEC’s decision to increase output amid rising U.S. production, moderating global demand growth, and trade policy-driven recession concerns have trimmed 2025 WTI spot prices 1% year-to-date and 4% over the past six months.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- WhiteHawk acquires natural gas mineral, royalty interest in Marcellus Shale
- Range Resources price target raised to $55 from $46 at Raymond James
- Wingstop initiated, CarMax upgraded: Wall Street’s top analyst calls
- Range Resources upgraded to Equal Weight from Underweight at Morgan Stanley
- Range Resources price target raised to $37 from $35 at Truist