Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 20 Feb, 26 | RRC | Buy | USD 38.78 | USD 41.0 | USD 43.0 | 10 days | Closed |
11.14%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. The company was founded in 1976 and is headquartered in Fort Worth, Texas.
Higher Dividend Distribution: Q3 FY25 dividend per share increased to USD 0.09 versus USD 0.08 in Q3 FY24, reflecting confidence in cash flow sustainability
EPS Improvement: Q3 FY25 diluted EPS of USD 0.60 compared with USD 0.21 in Q3 FY24, demonstrating enhanced shareholder profitability
Decline in Cash Balance: Cash and cash equivalents declined to USD 175 thousand as of September 30, 2025 compared to USD 304.5 million at December 31, 2024, reflecting debt repayments and capital returns
Higher DD&A Expense: Q3 FY25 DD&A expense of USD 93.8 million increased from USD 91.1 million in Q3 FY24, indicating incremental capital deployment
Range Resources’ financial performance remains highly sensitive to natural gas and NGL price volatility, given its concentrated Appalachian asset base and significant exposure to commodity-driven cash flows despite hedging protections
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 38.78 | 35.0 | 41.0 | 43.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Revenue Growth Driven by Commodity Realizations and Portfolio Mix: During the third quarter ended September 30, 2025, Range Resources reported total revenues and other income of USD 748.5 million, reflecting a significant improvement compared to USD 615.1 million in Q3 FY24. The growth was primarily attributable to stronger natural gas realizations and improved derivative gains. Natural gas, NGLs and oil sales rose to USD 611.5 million in Q3 FY25 from USD 533.3 million in Q3 FY24, supported by improved pricing dynamics and stable production volumes.
Earnings Expansion Supported by Operating Leverage: Income before income taxes increased materially to USD 183.3 million in Q3 FY25 from USD 66.2 million in Q3 FY24, reflecting operating leverage from higher realized prices and disciplined cost management. Net income rose to USD 144.3 million compared with USD 50.7 million in the prior-year quarter. Diluted earnings per share correspondingly improved to USD 0.60 from USD 0.21 year-over-year, demonstrating enhanced profitability across the asset base.
Cost Structure and Capital Discipline: Total costs and expenses increased modestly to USD 565.2 million in Q3 FY25 from USD 548.9 million in Q3 FY24. Transportation, gathering, processing and compression expenses remained the largest cost component at USD 301.1 million, reflecting the company’s extensive market access strategy. Depletion, depreciation and amortization (DD&A) expenses rose slightly to USD 93.8 million compared to USD 91.1 million in Q3 FY24, consistent with sustained development activity.
Strengthening Balance Sheet and Debt Optimization: As of September 30, 2025, total long-term debt stood at approximately USD 1.22 billion, significantly lower than total debt of USD 1.70 billion at December 31, 2024. The company successfully retired its 4.875% senior notes due 2025 and optimized its capital structure through utilization of its revolving credit facility. This refinancing activity improved liquidity flexibility while maintaining covenant compliance.
Free Cash Flow Generation and Shareholder Returns: For the nine months ended September 30, 2025, net cash provided by operating activities increased to USD 913.8 million compared to USD 726.6 million in the corresponding prior-year period. The company continued returning capital to shareholders through dividends of USD 0.09 per share in Q3 FY25 versus USD 0.08 in Q3 FY24, alongside treasury share repurchases of USD 176.6 million during the first nine months of FY25.
Operational Positioning and Market Diversification: Range Resources remains a leading Appalachian pure-play natural gas producer with over 30 years of core Marcellus inventory and diversified end-market exposure. The company benefits from diversified natural gas market access, including Midwest, Gulf Coast, LNG export markets, and local Northeast demand centers. Its low reinvestment rate model and strong capital efficiency underpin sustainable free cash flow generation across commodity cycles.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Range Resources Corporation. (NYSE: RRC) at the current market price of USD 38.78, as on Feb 20, 2026 at 6:52 am PST
Data Powered by EOD Historical Data (“EODHD”).
Sector: Energy Industry: Oil & Gas E&P
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RRC Range Resources Corp |
-0.27 0.74% | 36.39 | 5.56 | 11.51 | 2.32 | 2.08 | 2.85 | 4.01 |
| COP ConocoPhillips |
-3.47 3.12% | 107.74 | 18.36 | 12.53 | 2.44 | 2.20 | 2.69 | 6.19 |
| CNQ Canadian Natural Resources Ltd |
-1.37 3.23% | 41.05 | 11.56 | 12.72 | 2.39 | 2.85 | 3.22 | 6.50 |
| EOG EOG Resources Inc |
-3.27 2.45% | 129.98 | 9.09 | 8.98 | 3.01 | 2.57 | 2.97 | 5.16 |
| PEXNY PTT Exploration & Production |
- -% | 8.21 | 25.79 | 24.51 | 5.92 | 3.66 | 0.05 | 0.08 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on February 20, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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