Range Resources Corp Dossier
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SectorEnergy IndustryOil & Gas E&P Beta (adjusted)0.63 Intrinsic Value $71.26median of 6 methods · middle span $39-$197based on filings through 30 Jun 2026 Market Price $37.60Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 90% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+90%) Data confidence Sign in to view data confidence Market Cap $8.8B Enterprise Value $10B Shares Outstanding 235.4M diluted Next Earnings Date30 Oct 2026 Last ex-dividend12 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Range Resources entered the second half of 2026 with record drilling and completion efficiency, a 2026 production target of 2.35-2.40 Bcfe per day, improving commodity differentials, and materially lower net debt. Its extensive Marcellus inventory, diversified marketing access, planned growth to 2.6 Bcfe per day in 2027, and ongoing dividends and repurchases support a constructive operating outlook. The counterweights are commodity-price exposure, execution risk during the production ramp, and the need to keep annual capital within the USD 650-700 million plan. A Hold is appropriate because the operating evidence is positive. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$37.00 Mean target$45.68 High · most bullish analyst$57.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $37.0018% Production finishes below guidance, annual capital exceeds the stated budget, or natural-gas differentials deteriorate beyond the guided range. Commodity weakness or higher drilling and service costs could reduce cash available for debt reduction, dividends, and repurchases. Base CaseCentral scenario $45.6858% Matches the consensus meanRange delivers production within its 2.35-2.40 Bcfe-per-day guidance and capital spending within USD 650-700 million, while differentials remain near updated guidance. Operational efficiency and marketing premiums support cash generation, but commodity volatility limits confidence in material upside. Bull CaseUpside scenario $57.0024% Range reaches or exceeds the upper end of its 2026 production guidance, progresses toward 2.6 Bcfe per day in 2027 without increasing the stated capital envelope, and sustains favorable natural-gas and NGL differentials. Continued free-cash-flow generation, debt reduction, dividends, and repurchases would strengthen per-share outcomes. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |