Raymond James Reduces PT on Range Resources (RRC) Stock

Core Insights - Range Resources Corporation (NYSE:RRC) is recognized as a promising energy stock by Wall Street analysts, with a price target adjustment from $45 to $41 while maintaining an "Outperform" rating, indicating potential upside if the gas outlook improves in the coming years [1][2] Group 1: Company Positioning - Range Resources is well-positioned to capitalize on in-basin demand opportunities and the global call for natural gas, being one of the few producers in Appalachia with sufficient high-quality inventory to support growth in baseload supply [2] - The company’s operational efficiencies are bolstered by countercyclical investments in drilled inventory and consistent well performance [2] Group 2: Financial Guidance - The all-in capital budget for 2025 is set at $650 million to $680 million, an improvement from the previous guidance of $650 million to $690 million [3] - Annual production is projected to be approximately 2.225 billion cubic feet equivalent (Bcfe) per day in 2025, updated from the earlier estimate of around 2.2 Bcfe per day [3]