Range Resources (RRC)

• Market cap: $9.91B
• 1 day: -0.53%
• 5 days: 5.74%
• 1 month: 20.26%
• 3 months: 37.50%
• 6 months: 22.52%
• Year to date: 13.93%
• 1 year: 39.22%
• 5 years: 937.12%
• 10 years: -15.02%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

23% more call options, than puts

Call options by funds: $61.3M | Put options by funds: $49.8M

9% more repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 134

1.28% less ownership

Funds ownership: 96.66% [Q2] → 95.38% (-1.28%) [Q3]

4% less funds holding

Funds holding: 417 [Q2] → 399 (-18) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 12 [Q2] → 11 (-1) [Q3]

10% less capital invested

Capital invested by funds: $7.86B [Q2] → $7.11B (-$747M) [Q3]

21% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 66

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 27% downside
• Avg. target: $39 4% downside
• High target: $47 14% upside

10 analyst ratings

• positive: 4 40%
• neutral: 6 60%
• negative: 0 0%

Scotiabank Cameron Bean 82% 1-year accuracy 9 / 11 met price target	10% upside $45	Sector Perform Downgraded	17 Jan 2025
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target	3% downside $40	Sector Perform Reiterated	14 Jan 2025
Truist Securities Bertrand Hodee 100% 1-year accuracy 3 / 3 met price target	15% downside $35	Hold Maintained	13 Jan 2025
B of A Securities Doug Leggate 42% 1-year accuracy 13 / 31 met price target	10% upside $45	Buy Upgraded	13 Jan 2025
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target	3% downside $40	Overweight Maintained	17 Dec 2024