Range Resources Corporation research snapshot
RRC AI stock analysis currently reads Range Resources as a focused Appalachian natural gas, NGL, and oil producer with a large Marcellus position, long-life reserves, contracted market access, and a disciplined capital program. The latest reported quarter showed $1.03 billion of GAAP revenue and other income, $619 million of operating cash flow, and production of 2.21 Bcfe per day. At the July 12, 2026 data cutoff, the July 10 close was $35.49 and the price-times-shares market capitalization was about $8.36 billion using 235.61 million shares. The opportunity depends on natural gas and NGL prices, production growth, basis and takeaway access, and capital discipline. This is informational research, not investment advice.
Current price
$35.49 at the July 10, 2026 close
Market cap
About $8.36 billion by price times shares
AI score
61 / 100
Rating
Cash-generative Appalachian gas producer with improving production and modest leverage, but high commodity-cycle exposure
Trend status
Bearish short-term momentum below the 50-day and 200-day moving averages while the fundamental trend remains constructive
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Range develops and sells natural gas, NGLs, and oil from a concentrated Marcellus position. Its economics are driven by production volume, realized commodity prices, basis management, and operating costs. | High |
| Moat | The moat is an asset and execution advantage: contiguous acreage, 27 million estimated remaining lateral feet, long-life reserves, operated wells, technical staff, and contracted takeaway. It is not a consumer brand or network effect. | Medium-high |
| Management | CEO Dennis Degner has operated at Range since 2010 and became CEO in 2023. Recent decisions emphasize production growth, debt reduction, buybacks, dividends, hedging, and market access. Capital discipline remains the key test. | Medium-high |
| Financial trend | FY2025 GAAP revenue and other income was $3.116 billion, net income was $658.0 million, operating cash flow was $1.171 billion, and capital investment was $673.8 million. Q1 2026 operating cash flow rose to $619 million. | High |
| Valuation | At $35.49, the local audit produced about 9.39x TTM EPS, 1.82x book value, and 10.32x TTM free cash flow. The valuation is moderate if current cash conversion persists, but not automatically cheap across a gas-price downturn. | Medium-high |
| Technical trend | Price is below the reported 50-day average of $39.38 and 200-day average of $38.81. RSI near 36.28 signals weak momentum without proving a reversal, and the $32.60 52-week low is the main downside reference. | Medium |
| Risk level | Risk is medium-high because natural gas and NGL prices, production costs, pipeline capacity, Pennsylvania regulation, environmental obligations, counterparty performance, and reserve assumptions all affect value. | High |
| AI confidence | AI confidence is higher for the reported facts and arithmetic than for any forward price view. Commodity prices and terminal multiples are outside a static research page control. | High data confidence |
| Investment certainty | Investment certainty is lower than data quality because Range remains exposed to a cyclical commodity market and the value of its reserves depends on future prices, costs, taxes, and development timing. | Medium-low |
RRC AI stock forecast
The RRC AI stock forecast uses a three-year scenario model around the $35.49 cutoff price. Starting from TTM EPS of $3.78, the financial-rigor tool produced $74.5 in a bullish case, $40.5 in a base case, and $8.0 in a bearish case. These outputs are valuation scenarios, not price promises.
$55 to $75
More likely if US natural gas demand grows, Range delivers 2.35 to 2.40 Bcfe per day in 2026 and approaches 2.6 Bcfe per day in 2027, NGL pricing stays supportive, premium market access expands, and buybacks and debt reduction continue without sacrificing reserves.
$32 to $45
More likely if the 2026 capital budget stays near $650 million to $700 million, production grows as guided, commodity prices normalize, the balance sheet remains manageable, and the market values Range near a mid-cycle upstream multiple.
$8 to $20
More likely if gas prices fall below the cost and hedge structure, NGL realizations weaken, takeaway or processing costs rise, production growth is delayed, Pennsylvania restrictions tighten, or investors apply a low multiple to temporarily high earnings.
RRC AI technical analysis
RRC AI technical analysis uses the July 10, 2026 close and the latest StockAnalysis technical snapshot available at the cutoff. Price was below both key moving averages, RSI was about 36.28, and 20-day average volume was about 3.36 million shares. The static page does not fetch live charts, so confirm levels, volume, and volatility before acting.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $35.49 | July 10, 2026 NYSE close reported by StockAnalysis and Macrotrends. |
| Near support | $34.87 to $35.00 | The July 10 intraday low was about $34.87. This is a recent trading zone, not a guaranteed floor. |
| Deeper support | $32.60 to $33.30 | The 52-week low was $32.60 and the 2026 low was about $33.26. A break would weaken the medium-term structure. |
| Near resistance | $38.81 to $39.38 | This zone contains the reported 200-day average at $38.81 and 50-day average at $39.38. |
| Higher resistance | $40.64 to $48.31 | Recent price history reached $40.64, while the 52-week high was $48.31. Reclaiming this area would require stronger momentum and commodity support. |
| Moving averages | 50-day $39.38; 200-day $38.81 | The July 10 technical snapshot placed price below both averages, which keeps the short and intermediate trend under pressure. |
| Momentum | RSI about 36.28 | Momentum was weak and near, but not below, the commonly watched oversold threshold. RSI alone does not establish a reversal. |
| Volume | About 3.36 million shares average over 20 days | A move through support or resistance deserves more weight when volume expands relative to this baseline. |
| Volatility | 52-week range $32.60 to $48.31; beta about 0.41 | The reported beta is below the broad market average, but commodity-linked gaps and earnings volatility can still be material. |
| Invalidation | Sustained close below $32.60 | A confirmed break of the 52-week low should trigger a fresh review of gas prices, hedges, liquidity, production guidance, and reserve economics. |
RRC AI trading strategy
The RRC AI trading strategy is a rules-based research framework, not personalized advice. Pair any setup with live prices, defined position size, an invalidation rule, commodity-price context, and the latest Range filings.
Wait for RRC to reclaim and hold the $38.81 to $39.38 moving-average zone, then check whether natural gas prices, volume, production guidance, and premium market contracts confirm the move toward $40.64.
A failed reclaim or a close back below the chosen support zone invalidates the setup. Do not widen the risk limit because the valuation looks inexpensive.
If RRC stabilizes near $34.87 to $35.00, compare the price action with Henry Hub gas, NGL prices, hedge settlements, Q2 production, realized pricing, cash costs, and the 2026 capital budget before treating the move as mean reversion.
Do not buy solely because RSI is weak or price is near the 52-week low. A commodity downcycle can make a low P/E persist while earnings reset lower.
Track production in Bcfe per day, natural gas and NGL realizations, basis premiums, hedging, operating and GP&T costs, operating cash flow, capital spending, debt, share count, reserve revisions, and contracted demand through 2027.
Reduce confidence if production growth needs more capital than planned, if net debt rises without productive capacity, if reserve revisions turn negative, or if takeaway and processing costs erode the Marcellus advantage.
Investment research summary
Range converts Marcellus acreage, wells, gathering and processing access, technical labor, and drilling capital into natural gas, NGL, and oil sales. Customers pay index-linked or negotiated market prices, so the economic engine is production multiplied by realized pricing minus transportation, processing, operating, tax, interest, and development costs. The 2025 mix was led by natural gas sales of $1.730 billion, NGL sales of $979.3 million, and oil sales of $106.1 million before other revenue streams.
The defensible advantage is concentrated, operated Marcellus infrastructure and inventory. Range reported about 879,000 gross leased acres, 1,577 gross producing wells, a 95% average working interest, 18.1 Tcfe of proved reserves, and an estimated 27 million lateral feet of remaining Marcellus drilling inventory. The moat can narrow through depletion, commodity-price weakness, cost inflation, pipeline constraints, regulation, or poor capital allocation.
The thesis fails if natural gas and NGL prices stay low, realized basis deteriorates, takeaway or processing capacity becomes constrained, or capital costs rise faster than revenue. Other failure paths include Pennsylvania setbacks or taxes, water and environmental obligations, reserve revisions, counterparty issues, employee loss, and a production-growth plan that requires more debt than cash flow can support. A smart investor may avoid RRC because the reported earnings peak can be mistaken for normalized earnings.
Dennis Degner joined Range in 2010 after technical and managerial roles at EnCana, Sierra Engineering, and Halliburton, and became CEO in May 2023. Recent capital decisions included $231 million of 2025 share repurchases, $86 million of dividends, a $650 million to $700 million 2026 capital budget, and guidance for production growth. The key management test is whether growth, shareholder returns, hedging, and debt reduction remain balanced across a weaker gas market.
Natural gas demand may benefit from LNG exports, power generation, industrial use, and data-center electricity demand, while NGLs connect the business to petrochemical and export markets. Range has contracted takeaway and a 10-year supply agreement for 75 Mmcf per day for a Midwest power plant. The long-term opportunity is real, but the industry remains capital intensive, cyclical, exposed to alternative energy, and dependent on infrastructure and permitting.
At $35.49, the local audit produced about 9.39x TTM EPS, 1.82x book value, 10.32x TTM free cash flow, and a 9.69% FCF yield. The three-year model spans $8.0 to $74.5 because gas prices, EPS growth, and terminal multiples create large swings in upstream equity value. The margin of safety depends on using mid-cycle cash flow and preserving the reserve base rather than capitalizing one favorable commodity period.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Latest NYSE close | $35.49 on July 10, 2026 | StockAnalysis and Macrotrends | July 12, 2026 |
| Shares outstanding | 235.61 million current shares; the 2025 10-K implied 235.46 million after treasury shares | StockAnalysis statistics and Range 2025 10-K | July 12, 2026 |
| Market capitalization audit | $8.36 billion from $35.49 x 235.61 million shares, matching the reported $8.36 billion with 0.00% variance | Pineify financial_rigor.py and StockAnalysis | July 12, 2026 |
| FY2025 revenue and other income | $3.116 billion in the Range 10-K; Macrotrends reported $3.116 billion within 0.01%. StockAnalysis standardized revenue was $2.988 billion because its presentation uses a different revenue definition. | Range 2025 10-K, Macrotrends, and StockAnalysis | July 12, 2026 |
| FY2025 net income | $658.024 million in the 10-K and $658.02 million in StockAnalysis, effectively consistent | Range 2025 10-K and StockAnalysis financials | July 12, 2026 |
| FY2025 cash flow and capital | $1.171 billion operating cash flow and $673.8 million of capital investment | Range 2025 10-K and Q4 2025 results release | July 12, 2026 |
| Q1 2026 operating results | $1.03 billion GAAP revenue and other income, $619 million operating cash flow, $342 million net income, and 2.21 Bcfe per day production | Range Q1 2026 results release | July 12, 2026 |
| 2026 guidance | $650 million to $700 million all-in capital budget and 2.35 to 2.40 Bcfe per day production | Range Q1 2026 results release | July 12, 2026 |
| Balance sheet | Q1 2026 cash was $247,000 and official net debt was $833.8 million. StockAnalysis reported $979.1 million of total debt under a different classification scope. | Range Q1 2026 filing and StockAnalysis balance sheet | July 12, 2026 |
| Proved reserves | 18.142 Tcfe at December 31, 2025, with about 65% natural gas on an equivalent basis and $9.636 billion after-tax standardized measure | Range 2025 10-K | July 12, 2026 |
| Technical snapshot | 50-day moving average $39.38, 200-day moving average $38.81, RSI 36.28, and 20-day average volume 3.36 million shares | StockAnalysis statistics and price history | July 12, 2026 |
This RRC page is an informational research tool, not investment advice, a recommendation, or a promise of returns. Forecast ranges are scenarios based on available data and assumptions that may be wrong. Prices, technical levels, filings, commodity conditions, and company guidance can change after the July 12, 2026 cutoff. Verify current information and consult a qualified adviser before making financial decisions.
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