10 Cheapest Oil and Gas Stocks to Invest in

5. Range Resources Corporation (NYSE:RRC)

Forward P/E: 8.96

Potential Upside: 25.71%

Number of Hedge Fund Holders: 48

On January 7, financial services firm Barclays maintained its Hold rating on the Range Resources Corporation (NYSE:RRC) stock. Analyst Betty Jiang also reaffirmed the price target of $44. Her price target represents a further 31.3% upside from the current levels, which is slightly higher than the median Wall Street analysts’ upside of 25.71%. Additionally, Roth MKM also reiterated its Hold rating along with the price target of $36 for the stock. The firm’s price target is the lowest on Wall Street, as per CNN’s compilation of 30 different ratings.

On December 31, 2025, the company announced that it plans to redeem the entire $600 million outstanding balance of its 8.25% senior notes due 2029. The redemption is scheduled for  January 15, 2026, in accordance with the governing indenture, at which point no notes will remain outstanding. Holders will receive 101.375% of the principal amount, along with the unpaid and accrued interest. The company intends to finance the redemption through its existing revolving credit facility, allowing the company to retire higher-cost debt and reshape its capital structure going forward.

Range Resources Corporation (NYSE:RRC) is an independent natural gas liquids (NGLs), natural gas, and oil company operating in the United States. It is involved in the development, acquisition, and exploration of natural gas and oil properties located in the Appalachian region.