Arun Jayaram, an analyst from J.P. Morgan, reiterated the Hold rating on Range Resources. The associated price target was lowered to $44.00.
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Arun Jayaram’s rating is based on a combination of factors affecting Range Resources. The company’s operational performance remains solid, yet there are concerns about the impact of lower gas prices on its financial metrics. Specifically, the mark-to-market adjustments for lower bid-week pricing at the Henry Hub have led to revised estimates for the third quarter of 2025, which are slightly below market consensus.
Furthermore, while Range Resources has a strategic plan to leverage its inventory and infrastructure for moderate production growth in the coming years, the stock is currently trading at multiples in line with its peers. This valuation, combined with the anticipated changes in pricing dynamics due to increased dock capacity, supports a Hold rating. The company’s focus on maintaining a low reinvestment rate and its robust balance sheet are positive, but the current market conditions and pricing assumptions justify a neutral stance.
In another report released on September 26, Siebert Williams Shank & Co also maintained a Hold rating on the stock with a $44.00 price target.