Range Resources (RRC) Stock Forecast & Price Target

Range Resources has demonstrated significant operational strength, with proven reserves totaling 18.1 trillion cubic feet equivalent and a net production rate of 2.2 billion cubic feet equivalent per day, predominantly driven by natural gas. The company is focused on achieving production growth that aligns with its target of 2.6 Bcfe/d by 2027, alongside ambitious plans for stock buybacks that may exceed $1 billion over the next three years. Additionally, Range Resources benefits from a robust sales portfolio and export agreements that enhance its pricing power, ensuring premium realizations relative to industry peers.

Range Resources' outlook is negatively impacted by the potential for weaker-than-expected commodity prices, which could hinder stock performance and achievement of financial objectives. Despite a considerable proven reserve base of 18.1 trillion cubic feet equivalent and a solid production rate of 2.2 billion cubic feet equivalent per day, the dependence on natural gas (68% of production) raises concerns amidst declining price forecasts. Additionally, while cost adjustments in lease operating expenses (LOE) and general and administrative expenses (G&A) provide a slight buffer, anticipated capital spending remains lower than consensus expectations, indicating caution in growth and operational capabilities.