Truist Initiates Coverage of Range Resources Corporation (RRC) With a Hold Rating

2 days ago 4

Noor Ul Ain Rehman

Tue, March 31, 2026 astatine 10:06 AM CDT 2 min read

Range Resources Corporation (NYSE:RRC) is 1 of the astir profitable NYSE stocks to put in. Truist initiated sum of Range Resources Corporation (NYSE:RRC) with a Hold standing connected March 23, mounting a terms people of $48. The steadfast told investors that it likes the stock’s communicative that revolves astir capital-efficient maturation implicit the adjacent respective years, capitalizing connected incremental processing capableness and freed-up egress. However, Truist besides argued that these attributes are already embedded successful the banal price.

Is Range Resources (RRC) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?

Range Resources Corporation (NYSE:RRC) besides received a standing update from JPMorgan connected March 20, with the steadfast lifting the terms people connected the banal to $46 from $41 portion maintaining an Underweight standing connected the shares. The steadfast told investors successful a probe enactment that the lipid marketplace fundamentals “shifted connected a dime” due to the fact that of the struggle successful the Middle East, adding that the warfare has resulted successful a sizeable simplification successful the planetary productive capableness and “quickly evaporated the risk” of a proviso glut successful 2026 pursuing the closure of the Strait of Hormuz. The steadfast besides said that it would not beryllium amazed to spot a $5-$10 per tube geopolitical hazard premium embedded into the long-end of the lipid terms curve.

Range Resources Corporation (NYSE:RRC) is progressive successful the exploration, development, and acquisition of earthy state and lipid properties successful the Appalachian and Midcontinent regions.

While we admit the imaginable of RRC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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