Range Resources (RRC) PT Lowered to $44 at UBS

UBS analyst Josh Silverstein lowered the price target on Range Resources (NYSE: RRC) to $44.00 (from $49.00) while maintaining a Neutral rating.

The analyst commented, "Our 2Q estimates are broadly in line with the Street on production and EBITDA, and we look for another positive operational update. Despite lower oil and gas prices, RRC continues to execute on its growth initiatives as Harmon Creek 3 comes online, and we model volumes growing from 2.3Bcfepd in 2Q26 to to 2.62Bcfepd. Additionally, we see the buyback increasing sequentially and materially ramping through 2027 after focusing on debt reduction the past few years. Remain Neutral and lower our PT to $44 on the lower commodity deck."

You May Also Be Interested In

• Norfolk Southern (NSC) PT Raised to $358 at Evercore ISI
• SpaceX (SPCX) Is Turning Away Commercial Falcon Customers Beyond 2028 - Bloomberg
• Western Alliance Bancorporation (WAL) PT Raised to $96 at DA Davidson as Revenue Guidance Mostly Unchanged