Wells Fargo Raises Price Target for Range Resources Stock

Investment bank boosts outlook for oil and gas exploration company's shares

Published on Feb. 26, 2026

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Wells Fargo & Company has raised its price target for shares of Range Resources (NYSE:RRC) from $43.00 to $46.00, maintaining an "equal weight" rating on the oil and gas exploration company's stock. The investment bank cited the company's strong performance and potential for further price appreciation.

Why it matters

Range Resources is a major player in the Appalachian Basin, particularly the Marcellus Shale region, and this price target increase from a prominent investment bank signals confidence in the company's outlook and ability to generate shareholder value going forward.

The details

In a research note, Wells Fargo analysts cited Range Resources' solid operational execution and financial performance as reasons for the increased price target. The bank believes the company is well-positioned to capitalize on favorable market conditions in the energy sector.

  • Wells Fargo issued the updated research note on February 26, 2026.

The players

Wells Fargo & Company

A major American multinational financial services company and one of the largest banking institutions in the United States.

Range Resources

An independent energy company focused on the exploration, development, and production of natural gas, oil, and natural gas liquids, with a significant presence in the Appalachian Basin.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This price target increase from Wells Fargo underscores the investment bank's confidence in Range Resources' ability to navigate the current energy market environment and deliver strong returns for shareholders.