- Scotiabank has initiated a 'Sector Perform' rating for Range Resources (NYSE: RRC), a key natural gas producer, indicating expected performance in line with its sector.
- The natural gas stock traded at $41.84 following the rating, with a 52-week range of $32.68 to $48.31 and a market value of approximately $9.78 billion.
- Investor insights from GuruFocus and Zacks Investment Research highlight recent gains and momentum, with upcoming third-quarter 2026 results expected to provide further financial clarity.
Scotiabank initiated coverage of Range Resources (NYSE: RRC) with a Sector Perform rating on Wednesday, October 14, 2026. Range Resources is a natural gas producer. The rating indicates that Scotiabank expects the stock to perform roughly in line with its sector. Shares traded at $41.84 when the rating was posted.
Range Resources was down $0.64, or 1.51%, at $41.84. Its 52-week trading range was $32.68 to $48.31, and its market value was about $9.78 billion. Market value is the total value of a company’s outstanding shares.
Recent gains provide context for the new rating. As highlighted by GuruFocus, Range Resources rose 3.5% to $40.02 on October 6, extending its weekly gain to 8.5%. Zacks Investment Research highlighted Range Resources as a top-ranked momentum stock on October 13, although the provided excerpt did not give its specific score.
GuruFocus gave Range Resources a GF Score of 78 out of 100. It also estimated a GF Value of $46.12; at $40.02, the shares were 13.2% below that estimate. Insiders sold $4.2 million in shares over the preceding 12 months, with no insider purchases reported.
Range Resources plans to release its third-quarter 2026 results after the market closes on October 27, followed by a conference call on October 28 at 9:00 a.m. ET. The results will give investors new financial information to weigh alongside Scotiabank’s rating.
