Range Resources (RRC) Plunges 4.21% Amid UBS Price Target Cut

Range Resources (RRC) shares plummeted 4.21% today, marking the lowest level since November 2024, with an intraday decline of 6.09%.

UBS has revised its price target for Range Resources, reducing it from $41 to $36 while maintaining a Neutral rating. This adjustment is based on UBS's updated outlook for the energy sector, which may have contributed to the recent decline in the stock price.

Despite the current low natural gas prices, Range Resources is concentrating on enhancing operational efficiency and pursuing strategic growth. The company projects a 19% increase in production by 2027, which could positively influence investor sentiment and potentially stabilize or improve the stock's performance in the long term.

Range Resources has announced the release date for its Q1 2025 financial results, scheduled for April 22, 2025, followed by a conference call on April 23, 2025. This upcoming financial report is highly anticipated by investors, as it will provide valuable insights into the company's recent performance and future prospects, potentially impacting stock valuations and investor confidence.