Range Resources (RRC) Stock Forecast & Price Target

Range Resources has demonstrated significant operational strength, with proven reserves totaling 18.1 trillion cubic feet equivalent and net production of 2.2 billion cubic feet equivalent per day, primarily driven by natural gas, which constitutes 68% of total production. The company's strategic focus on stock buybacks, with an anticipated expenditure exceeding $1 billion over the next three years, combined with the expectation of increased NGL prices and strong export capacity, underpins a favorable growth trajectory. Furthermore, Range Resources benefits from a robust selling portfolio and export agreements, allowing for premium realizations relative to peers, while maintaining a commitment to debt reduction, reinforcing a positive outlook for its financial health.

Range Resources faces a negative outlook primarily due to weaker-than-expected commodity prices, which could hinder the stock's performance and impede future price target achievements. The company's reliance on natural gas, which constitutes 68% of its production, raises concerns in light of the potentially unfavorable commodity pricing environment beneath the base-case forecast of $3.50/Mcf. Although some cost measures have been adjusted downwards, the significant influence of market conditions on revenue remains a critical financial risk.