RRC stock icon

Range Resources
RRC

$34.46
1.03%
 

About: Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.

Employees: 548

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 27 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

13% more capital invested

Capital invested by funds: $7.18B [Q4 2023] → $8.14B (+$960M) [Q1 2024]

8% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 13 (+1) [Q1 2024]

2% more call options, than puts

Call options by funds: $75.3M | Put options by funds: $73.7M

0.01% more ownership

Funds ownership: 97.74% [Q4 2023] → 97.76% (+0.01%) [Q1 2024]

1% less funds holding

Funds holding: 398 [Q4 2023] → 396 (-2) [Q1 2024]

3% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 60

21% less repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 145

Research analyst outlook

27 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$23
33%
downside
Avg. target
$37
7%
upside
High target
$45
31%
upside

27 analyst ratings

14 positive
52%
10 neutral
37%
negative
11%
Mizuho
Nitin Kumar
31%upside
$45
Buy
Maintained
13 May 2024
Jefferies
Lloyd Byrne
1%downside
$34
Hold
Maintained
2 May 2024
Piper Sandler
Mark Lear
25%upside
$43
Overweight
Maintained
30 Apr 2024
Mizuho
Nitin Kumar
19%upside
$41
Buy
Reiterated
26 Apr 2024
RBC Capital
Scott Hanold
13%upside
$39
Sector Perform
Downgraded
26 Apr 2024

Financial journalist opinion

Based on 4 articles about RRC published over the past 30 days