Citigroup Forecasts Strong Price Appreciation for Range Resources Stock

Citigroup raises price target on Range Resources shares, maintains neutral rating

Published on Mar. 5, 2026

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Citigroup analysts have increased their price target on shares of Range Resources (NYSE:RRC) from $36.00 to $43.00, while maintaining a "neutral" rating on the oil and gas exploration company's stock. The new price target suggests a potential upside of 1.75% from the company's current trading price.

Why it matters

Range Resources is a major player in the Appalachian Basin, particularly the Marcellus Shale region. Citigroup's price target increase and neutral rating suggest the analysts see moderate upside potential in the stock, though they may not be fully convinced of the company's long-term growth prospects compared to peers.

The details

In a research report, Citigroup cited Range Resources' strong operational performance and potential for further price appreciation as reasons for the increased price target. However, the neutral rating indicates the analysts believe the stock is fairly valued at current levels and may not have significant room for outsized gains compared to the broader market.

  • Citigroup issued the updated research report on March 5, 2026.

The players

Range Resources

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

Citigroup

A major global investment bank and financial services corporation that provides research coverage and recommendations on various stocks, including Range Resources.

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The takeaway

Citigroup's updated research on Range Resources suggests the stock may have moderate upside potential, but the analysts are not fully convinced of the company's long-term growth prospects compared to its peers in the Appalachian Basin energy sector.