Upside case
Bull case
$181+340.5%
RRC would need investors to value it at roughly 42x earnings — about 33x more generous than today's 10x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Range Resources Corporation (RRC) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
62
analysts
24 bullish · 1 bearish · 62 covering RRC
Strong Buy
0
Buy
24
Hold
37
Sell
1
Strong Sell
0
Consensus Target
$47
+13.1% vs today
Scenario Range
— – $181
Model bear to bull value window
Coverage
62
Published analyst ratings
Valuation Context
9.6x
Forward P/E · Market cap $9.7B
RRC price targets
Three scenarios for where RRC stock could go
Current
~$41
Confidence
50 / 100
Updated
May 1, 2026
Where we are now
Current · $41
Base
$69
Bull
$181
Market caseClosest to today
Base case
$69+67.6%
At 16x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Range Resources Corporation
RRC · NYSEEnergyOil & Gas Exploration & ProductionDecember year-end
Range Resources Corporation is an independent natural gas and oil exploration and production company focused on the Appalachian Basin. It generates revenue primarily from selling natural gas (~70% of revenue), natural gas liquids (~20%), and oil and condensate (~10%) to utilities, midstream companies, and industrial users. The company's key advantage is its large, low-cost position in the prolific Marcellus Shale — one of North America's most productive natural gas basins — with extensive acreage and established infrastructure.
Market Cap
$9.7B
Revenue TTM
$3.2B
Net Income TTM
$903M
Net Margin
28.4%
RRC Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
25%Exceptional
vs consensus estimates
Avg EPS Surprise
+23.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.66/$0.61
Revenue
$700M/$711M
Q4 2025
EPS
$0.57/$0.50
Revenue
$656M/$771M
Q1 2026
EPS
$0.82/$0.68
Revenue
$820M/$752M
Q2 2026
EPS
$1.52/$1.33
Revenue
$1.0B/$925M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.66/$0.61 | +8.2% | $700M/$711M | -1.6% |
| Q4 2025 | $0.57/$0.50 | +14.0% | $656M/$771M | -15.0% |
| Q1 2026 | $0.82/$0.68 | +20.6% | $820M/$752M | +9.0% |
| Q2 2026 | $1.52/$1.33 | +14.3% | $1.0B/$925M | +11.8% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$3.5B
+11.5% YoY
FY2
$3.9B
+8.9% YoY
EPS Outlook
FY1
$4.24
+10.9% YoY
FY2
$4.59
+8.4% YoY
Trailing FCF (TTM)$1.3B
FCF Margin: 40.8%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
RRC beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
RRC Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $2.8B
Product Mix
Latest annual revenue by segment or product family
Natural Gas Natural Gas Liquids And Oil Sales
100.0%
+27.2% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Natural Gas Natural Gas Liquids And Oil Sales is the largest disclosed segment at 100.0% of FY 2025 revenue, up 27.2% YoY.
RRC Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Fairly Valued
Fair value est. $42 — implies -0.9% from today's price.
Premium to Fair Value
0.9%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
RRC
15.0x
vs
S&P 500
25.2x
40% discount
vs Energy Trailing P/E
RRC
15.0x
vs
Energy
16.9x
11% discount
vs RRC 5Y Avg P/E
Today
15.0x
vs
5Y Average
14.2x
+6% premium
Forward PE
9.6x
S&P 500
19.1x
-49%
Energy
13.2x
-27%
5Y Avg
—
—
Trailing PE
15.0x
S&P 500
25.2x
-40%
Energy
16.9x
-11%
5Y Avg
14.2x
+6%
PEG Ratio
—
S&P 500
1.75x
—
Energy
0.52x
—
5Y Avg
—
—
EV/EBITDA
8.9x
S&P 500
15.3x
-42%
Energy
8.1x
+9%
5Y Avg
7.7x
+15%
Price/FCF
16.4x
S&P 500
21.3x
-23%
Energy
14.1x
+16%
5Y Avg
15.6x
+6%
Price/Sales
3.2x
S&P 500
3.1x
+3%
Energy
1.6x
+107%
5Y Avg
2.4x
+37%
Dividend Yield
0.87%
S&P 500
1.88%
-54%
Energy
2.97%
-71%
5Y Avg
0.90%
-3%
| Metric | RRC | S&P 500 | Energy | 5Y Avg RRC |
|---|---|---|---|---|
| Forward PE | 9.6x | 19.1x-49% | 13.2x-27% | — |
| Trailing PE | 15.0x | 25.2x-40% | 16.9x-11% | 14.2x |
| PEG Ratio | — | 1.75x | 0.52x | — |
| EV/EBITDA | 8.9x | 15.3x-42% | 8.1x | 7.7x+15% |
| Price/FCF | 16.4x | 21.3x-23% | 14.1x+16% | 15.6x |
| Price/Sales | 3.2x | 3.1x | 1.6x+107% | 2.4x+37% |
| Dividend Yield | 0.87% | 1.88% | 2.97% | 0.90% |
RRC trades above S&P 500 benchmarks on 0 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolRRC Financial Health
Verdict
Strong
RRC generates $1.3B in free cash flow at a 40.8% margin — 11.4% ROIC signals a durable competitive advantage · returns 3.2% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$3.2B
Revenue Growth
TTM vs prior year
+22.6%
Gross Margin
Gross profit as a share of revenue
42.2%
Operating Margin
Operating income divided by revenue
30.6%
Net Margin
Net income divided by revenue
28.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.82
Free Cash Flow (TTM)
Cash generation after capex
$1.3B
FCF Margin
FCF as share of revenue — the primary cash quality signal
40.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
11.4%
ROA
Return on assets, trailing twelve months
12.4%
Cash & Equivalents
Liquid assets on the balance sheet
$204000
Net Debt
Total debt minus cash
$1.3B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.0× FCF
~1.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
20.9%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.2%
Dividend
0.9%
Buyback
2.4%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$231M
Dividend / Share
Annualized trailing dividend per share
$0.36
Payout Ratio
Share of earnings distributed as dividends
13.0%
Shares Outstanding
Declining as buybacks retire shares
236M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageRRC Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Commodity Price Volatility
Fluctuations in the prices of natural gas, NGLs, and oil significantly affect RRC's revenues and profitability. This volatility is influenced by geopolitical tensions, supply chain disruptions, and shifts in global energy demand.
High Risk
Regulatory Environment
Increasing scrutiny on environmental practices and potential changes in regulations can lead to additional operational costs and liabilities. RRC must stay updated on regulatory developments and ensure compliance.
High Risk
Operational and Drilling Risks
Risks associated with drilling and operating wells, well production timing, and unforeseen hazards like weather conditions or health pandemics pose significant challenges. These operational risks can lead to delays and increased costs.
Medium
Competition
The energy sector is competitive, with other natural gas producers vying for market share through pricing strategies and technological advancements. This competition can pressure RRC's margins and market position.
Medium
Geopolitical and Economic Conditions
Changes in interest rates, inflation, and broader geopolitical or economic instability can impact the company's operations. Such conditions may affect demand for energy and operational costs.
Medium
Supply Chain and Infrastructure
The availability and cost of goods and services, including drilling rigs, equipment, materials, labor, and third-party infrastructure, pose risks. Disruptions in the supply chain can lead to increased operational costs.
Lower
Cybersecurity Threats
Disruptions to business operations from breaches of information technology systems are a concern. Cybersecurity threats can lead to financial losses and reputational damage.
Lower
Capital Availability
The scope of RRC's drilling program is directly affected by the availability of capital. Limited access to capital can hinder growth and operational expansion.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why RRC Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Exceptional Q1 2026 Earnings
Range Resources reported a significant beat on both earnings per share (EPS) and revenue for the first quarter of 2026. Adjusted EPS of $1.52 surpassed estimates by 25.6%, and revenue of $1.03 billion exceeded expectations by 13.4%.
Revenue Growth and Price Realization
The company experienced a substantial year-over-year revenue increase of 28%, driven by a 27% rise in average realized prices for natural gas, NGLs, and oil. This indicates an ability to capitalize on favorable commodity prices.
Operational Efficiency and Cash Flow
Range Resources demonstrated strong operational performance, with significant free cash flow and cash flow from operations reported in Q1 2026. The company has also focused on debt reduction, significantly cutting its net debt.
Technical Strength and Breakout Potential
Technical analysis suggests RRC is in a strong uptrend with a high setup quality score, indicating a consolidation pattern poised for a potential breakout. Key moving averages are trending higher, supporting a bullish technical outlook.
Favorable Industry Trends
Analysts highlight rising demand for natural gas from AI data centers and expanding LNG export capacity as key supports for pricing power and earnings potential. Efficiency gains, disciplined spending, and a focus on low-emission gas are also seen as drivers of margins and free cash flow.
Dividend Increase
Supported by robust cash generation, Range Resources increased its quarterly dividend, signaling confidence in its financial health and future prospects.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
RRC Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$41.17
52W Range Position
55%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$32.60
+26.3% from the low
52-Week High
$48.31
-14.8% from the high
1 Month
-5.72%
3 Month
+12.58%
YTD
+16.6%
1 Year
+17.5%
3Y CAGR
+17.3%
5Y CAGR
+29.8%
10Y CAGR
-0.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
RRC vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
9.6x
vs 11.7x median
-17% below peer median
Revenue Growth
+11.5%
vs +18.4% median
-38% below peer median
Net Margin
28.4%
vs 32.6% median
-13% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
RRC RRC Range Resources Corporation | $9.7B | 9.6x | +11.5% | 28.4% | Hold | +13.1% |
EQT EQT EQT Corporation | $35.8B | 11.7x | +18.4% | 33.4% | Buy | -28.3% |
AR AR Antero Resources Corporation | $11.4B | 8.4x | +11.9% | 17.5% | Buy | +32.7% |
CNX CNX CNX Resources Corporation | $5.2B | 12.6x | +19.3% | 50.9% | Hold | -1.0% |
CTR CTRA Coterra Energy Inc. | $24.7B | 11.5x | -15.3% | 25.7% | Buy | +4.5% |
CRK CRK Comstock Resources, Inc. | $4.4B | 19.8x | +20.1% | 32.6% | Hold | +44.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
RRC Dividend and Capital Return
RRC returns capital mainly through $231M/year in buybacks (2.4% buyback yield), with a modest 0.87% dividend — combining for 3.2% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.2%
Dividend + buyback return per year
Buyback Yield
2.4%
Dividend Yield
0.87%
Payout Ratio
13.0%
How RRC Splits Its Return
Div 0.87%
Buyback 2.4%
Dividend 0.87%Buybacks 2.4%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.36
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
31.0%
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$231M
Estimated Shares Retired
6M
Approx. Share Reduction
2.4%
Shares Outstanding
Current diluted share count from the screening snapshot
236M
At 2.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.10 | — | — | — |
| 2025 | $0.36 | +12.5% | 2.7% | 3.7% |
| 2024 | $0.32 | 0.0% | 0.7% | 1.6% |
| 2023 | $0.32 | +100.0% | 0.3% | 1.3% |
| 2022 | $0.16 | — | 6.5% | 7.1% |
FAQ
7 questionsRRC Investor Questions
Common questions answered from live analyst data and company financials.
01Is Range Resources Corporation (RRC) stock a buy or sell in 2026?
Range Resources Corporation (RRC) is rated Hold by Wall Street analysts as of 2026. Of 62 analysts covering the stock, 24 rate it Buy or Strong Buy, 37 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $47, implying +13.1% from the current price of $41.
02What is the RRC stock price target for 2026?
The Wall Street consensus price target for RRC is $47 based on 62 analyst estimates. The high-end target is $54 (+31.2% from today), and the low-end target is $43 (+4.4%). The base case model target is $69.
03Is Range Resources Corporation (RRC) stock overvalued in 2026?
RRC trades at 9.6x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals fairly valued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Range Resources Corporation (RRC) stock in 2026?
The primary risks for RRC in 2026 are: (1) Commodity Price Volatility — Fluctuations in the prices of natural gas, NGLs, and oil significantly affect RRC's revenues and profitability. (2) Regulatory Environment — Increasing scrutiny on environmental practices and potential changes in regulations can lead to additional operational costs and liabilities. (3) Operational and Drilling Risks — Risks associated with drilling and operating wells, well production timing, and unforeseen hazards like weather conditions or health pandemics pose significant challenges. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Range Resources Corporation's revenue and earnings forecast?
Analyst consensus estimates RRC will report consensus revenue of $3.5B (+11.5% year-over-year) and EPS of $4.24 (+10.9% year-over-year) for the upcoming fiscal year. The following year, analysts project $3.9B in revenue.
06When does Range Resources Corporation (RRC) report its next earnings?
A confirmed upcoming earnings date for RRC is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Range Resources Corporation generate?
Range Resources Corporation (RRC) generated $1.3B in free cash flow over the trailing twelve months — a free cash flow margin of 40.8%. RRC returns capital to shareholders through dividends (0.9% yield) and share repurchases ($231M TTM).