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 second quarter 2026 report showed $834 million of GAAP revenue and other income, $235 million of operating cash flow, $195 million of GAAP net income, and production of 2.30 Bcfe per day, while adjusted net income of $0.79 per diluted share beat the consensus estimate. At the August 3, 2026 data cutoff, the July 31 close was $40.14 and the price-times-shares market capitalization was about $9.38 billion using 233.67 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
$40.14 at the July 31, 2026 close
Market cap
About $9.38 billion at the July 31, 2026 close
AI score
68 / 100
Rating
Appalachian gas and NGL producer with record completion efficiency, stronger 2026 pricing guidance, lower debt, and a technical recovery above key moving averages
Trend status
Mixed short-term momentum with price back above the 50-day and 200-day moving averages after a weak second quarter and early July
Data cutoff (updated monthly)
August 4, 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. Second quarter 2026 production averaged 2.30 Bcfe per day with about 67% natural gas. | High |
| Moat | The moat is an asset and execution advantage: contiguous acreage, long-life reserves, operated wells, technical staff, contracted takeaway, and record drilling and completion efficiency. 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. The second quarter included $78 million of repurchases and $24 million of dividends. | Medium-high |
| Financial trend | TTM revenue was about $3.27 billion and TTM net income about $860 million at the June 30, 2026 cutoff. FY2025 GAAP revenue and other income was $3.116 billion, net income was $658.0 million, and operating cash flow was $1.171 billion. | High |
| Valuation | At $40.14, the local audit produced about 11.09x TTM EPS, 1.99x book value, and 13.79x TTM free cash flow with a 7.25% FCF yield. The valuation is moderate if current cash conversion persists, but it prices in a continuing constructive gas and NGL market. | Medium-high |
| Technical trend | Price closed at $40.14, above the reported 50-day average of $38.14 and 200-day average of $38.81 after reclaiming those levels. RSI near 62.6 sits in neutral territory, and the $32.60 52-week low remains 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 |
RRC AI stock forecast
The RRC AI stock forecast uses a three-year scenario model around the $40.14 cutoff price. Starting from TTM EPS of $3.62, the financial-rigor tool produced $72.3 in a bullish case, $46.1 in a base case, and $11.1 in a bearish case. These outputs are valuation scenarios, not price promises.
$60 to $72
More likely if US natural gas demand grows, Range delivers near the top of its 2.35 to 2.40 Bcfe per day 2026 guidance and keeps growing into 2027, NGL pricing and international premium access expand, buybacks and debt reduction continue, and investors hold a mid-cycle multiple.
$38 to $48
More likely if the 2026 capital budget stays near $650 million to $700 million, production grows as guided, commodity prices normalize, the balance sheet stays manageable, and the market values Range near the current upstream peer multiple.
$10 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 31, 2026 close and the latest StockAnalysis and Yahoo Finance chart snapshots available at the cutoff. Price closed at $40.14, above both the 50-day and 200-day moving averages after reclaiming them in late July. RSI was about 62.6 and 20-day average volume was about 3.27 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 | $40.14 | July 31, 2026 NYSE close reported by StockAnalysis and Yahoo Finance. |
| Near support | $37.66 to $38.14 | This zone contains the 20-day average near $37.66 and the 50-day average near $38.14. The July 31 price holds above it, but a close below would weaken the recovery. |
| Deeper support | $34.87 to $35.00 | The 20-day and 60-day low of the recent range was about $34.87. This is a trading zone, not a guaranteed floor. |
| Strong support | $32.60 to $33.30 | The 52-week low was $32.60 on a reported basis. A break would weaken the medium-term structure. |
| Near resistance | $40.32 to $40.64 | The July 31 intraday high was about $40.32 and recent 20-day high near $40.32. Reclaiming and holding this zone would confirm momentum. |
| Higher resistance | $43.20 to $48.31 | The 60-day high reached $43.20, while the 52-week high was $48.31. Reaching this area would require stronger momentum and commodity support. |
| Moving averages | 50-day $38.14; 200-day $38.81 | The late July technical snapshot placed price above both averages, which supports a recovering short and intermediate trend after the weak second quarter. |
| Momentum | RSI about 62.6 with positive MACD | Momentum improved from the June readings. RSI near 62.6 is neutral, neither oversold nor overbought, and the MACD turned positive. |
| Volume | About 3.27 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 $37.66 | A confirmed break of the 20-day average, followed by the $34.87 zone and then the $32.60 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 hold above the $38.14 to $38.81 moving-average zone and then confirm the move with natural gas prices, volume, production guidance, and premium market contracts before targeting $40.32 and then $43.20.
A failed hold or a close back below the chosen support zone invalidates the setup. Do not widen the risk limit because the valuation looks reasonable.
If RRC pulls back to $37.66 to $38.14, compare the price action with Henry Hub gas, NGL prices, hedge settlements, Q3 production, realized pricing, cash costs, and the 2026 capital budget before treating the move as mean reversion.
Do not buy solely because RSI is moderate or price is above moving averages. 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. Second quarter 2026 realized pricing, including hedges, averaged $3.53 per mcfe, a $0.64 premium versus NYMEX natural gas, helped by a record NGL premium of $3.49 per barrel over the Mont Belvieu equivalent.
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 $78 million of second quarter 2026 share repurchases, $24 million of dividends, a $650 million to $700 million 2026 capital budget, and production guidance of 2.35 to 2.40 Bcfe per day. The company also cut net debt from about $1.22 billion at year end 2025 to about $881 million at June 30, 2026 and kept $1.4 billion of buyback availability.
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 $40.14, the local audit produced about 11.09x TTM EPS, 1.99x book value, 13.79x TTM free cash flow, and a 7.25% FCF yield. The three-year model spans $11.1 to $72.3 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 | $40.14 on July 31, 2026 | StockAnalysis and Yahoo Finance | August 3, 2026 |
| Shares outstanding | 233.67 million current shares, down 1.70% year over year; float of 230.45 million shares | StockAnalysis statistics | August 3, 2026 |
| Market capitalization audit | $9.38 billion from $40.14 x 233.67 million shares, matching the reported $9.38 billion with 0.01% variance | Pineify financial_rigor.py and StockAnalysis | August 3, 2026 |
| TTM financial snapshot | About $3.27 billion revenue, $860 million net income, $3.62 EPS, $1.36 billion operating cash flow, and $680 million free cash flow for the period ended June 30, 2026 | StockAnalysis financials (Fiscal.ai) | August 3, 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 | August 3, 2026 |
| FY2025 net income and cash flow | $658.0 million net income, $1.171 billion operating cash flow, and $641.52 million capital expenditures in the StockAnalysis presentation | Range 2025 10-K and StockAnalysis financials | August 3, 2026 |
| Q2 2026 operating results | $834 million GAAP revenue and other income, $235 million operating cash flow, $195 million GAAP net income, and 2.30 Bcfe per day production | Range Q2 2026 results release | August 3, 2026 |
| Q2 2026 adjusted EPS | $0.79 per diluted share versus the consensus estimate of $0.65, with adjusted net income of $186 million | Range Q2 2026 results release and StockAnalysis | August 3, 2026 |
| 2026 guidance | $650 million to $700 million all-in capital budget and 2.35 to 2.40 Bcfe per day production | Range Q2 2026 results release | August 3, 2026 |
| Balance sheet | Net debt of about $881 million at June 30, 2026, down from about $1.22 billion at December 31, 2025. StockAnalysis reported $1.02 billion of total debt under its classification scope. | Range Q2 2026 results release and StockAnalysis balance sheet | August 3, 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 | August 3, 2026 |
| Technical snapshot | 50-day moving average $38.14, 200-day moving average $38.81, RSI 62.57, and 20-day average volume 3.24 million shares; Yahoo Finance chart data showed close $40.14 with RSI about 62.6 | StockAnalysis statistics and Yahoo Finance chart API | August 3, 2026 |
| Analyst consensus | Hold rating from 23 analysts with an average price target of $45.36, ranging from $36 to $57 | StockAnalysis forecast (S&P Global Market Intelligence) | August 3, 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 August 3, 2026 cutoff. Verify current information and consult a qualified adviser before making financial decisions.
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