UBS Maintains Neutral Rating, Lowers Price Target for Range Resources to $40

UBS maintains a neutral rating for Range Resources (RRC) but lowers its price target to $40 from $42, a 4.76% decrease. The company focuses on Marcellus Shale operations in Pennsylvania with proven reserves of 18.1 trillion cubic feet equivalent and net production of 2.18 billion cubic feet equivalent per day. Wall Street analysts forecast an average price target of $42.68, indicating a 29.30% upside from the current price of $33.01.

Wall Street analysts have adjusted their ratings for Range Resources (RRC), an independent natural gas and oil company focused on the Marcellus Shale in Pennsylvania. UBS Group, one of the leading investment banks, has maintained a neutral rating for Range Resources but lowered its price target from $42 to $40, representing a 4.76% decrease [1]. This adjustment comes amidst broader market dynamics and evolving analyst opinions.

Range Resources, with its proven reserves of 18.1 trillion cubic feet equivalent and daily net production of 2.18 billion cubic feet equivalent, operates primarily within the Marcellus Shale region. The company's operations are concentrated in Pennsylvania, where it holds significant interests in natural gas and oil leases. Despite the neutral rating from UBS, the average price target among analysts is $42.68, indicating a potential 29.30% upside from the current stock price of $33.01 [2].

The adjustment by UBS follows a series of downgrades and upgrades across the energy sector. Notably, CVS Health was upgraded to "Buy" by UBS, while Occidental Petroleum was downgraded to "Equal Weight" by Morgan Stanley. These changes reflect the broader market sentiment and the evolving outlook on specific companies' financial health and growth prospects [3].

The broader energy market, particularly the natural gas sector, is experiencing significant changes. U.S. LNG exports are projected to rise by 10% annually through 2030, driven by increased production capacity and pipeline expansions. This growth is expected to boost the shale gas industry, with major basins like Permian and Marcellus seeing substantial output increases [4].

Range Resources, with its focus on the Marcellus Shale, stands to benefit from this overall market growth. However, analysts' ratings and price targets reflect the company's specific operational performance and future prospects within the context of broader market conditions.

References:
[1] https://www.marketscreener.com/news/range-resources-shares-fall-after-roth-capital-downgrade-ce7c51dcda89f126
[2] https://www.benzinga.com/quote/RRC/report
[3] https://www.ainvest.com/news/wall-street-analyst-calls-cvs-health-upgraded-occidental-downgraded-2508/
[4] https://www.reuters.com/business/energy/surging-us-lng-exports-fuel-growth-shale-gas-production-2025-08-22/