Range Resources Corporation (NYSE:RRC) is a prominent player in the U.S. Oil and Gas Exploration and Production sector. The company focuses on the exploration, development, and acquisition of natural gas and oil properties, primarily in the Appalachian and Midcontinent regions. Its main competitor, California Resources Corporation (CRC), also operates in the same sector, making them a point of comparison for investors.
On February 27, 2025, Betty Jiang from Barclays set a price target of $43 for RRC. At that time, the stock was trading at $38.55, suggesting a potential upside of approximately 11.54%. This indicates that analysts see room for growth in RRC's stock price, which could be appealing to investors looking for potential gains.
Despite this optimistic outlook, RRC holds a Zacks Rank of #3 (Hold), as highlighted by Zacks Investment Research. This rank suggests a moderate outlook for the stock, with less favorable earnings estimate revisions compared to CRC, which holds a Zacks Rank of #2 (Buy). This indicates that CRC may currently offer a more attractive value opportunity for investors.
RRC's stock has shown some volatility, with a recent price increase of 2.8% or $1.05, reaching $38.55. The stock has fluctuated between a low of $37.18 and a high of $39 today. Over the past year, it has seen a high of $41.95 and a low of $27.29, reflecting its dynamic nature in the market.
RRC has a market capitalization of approximately $9.3 billion, indicating its significant presence in the industry. The trading volume for the day is 5,955,804 shares on the NYSE, showing active investor interest. These metrics provide a snapshot of RRC's current market position and investor sentiment.
