5 Most Undervalued Natural Gas Stocks to Buy Now

4. Range Resources Corporation (NYSE:RRC)

Forward P/E Ratio as of April 15: 10.63

Range Resources Corporation (NYSE:RRC) is a pioneer of the Marcellus Shale and one of the most active natural gas drillers in Pennsylvania.

Range Resources Corporation (NYSE:RRC) had a setback on April 14 when Citi trimmed its price target on the stock from $50 to $45, while maintaining a ‘Neutral’ rating on the shares. The lowered target still indicates an upside of over 9% from the current levels.

On the other hand, the analysts over at Jefferies turned more bullish on Range Resources Corporation (NYSE:RRC) earlier on April 5, raising the firm’s price target on the stock (read more details here).

Range Resources Corporation (NYSE:RRC) is targeting production of 2.35 to 2.4 Bcfe per day for FY 2026, with a projected capital spending of $650 million to $700 million. The company expects its first-quarter production to be down versus Q4 of last year, with output then stepping up significantly in the second half of 2026 and continuing into 2027.