Why These Energy Stocks are Losing This Week

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9. Range Resources Corporation (NYSE:RRC)

Share Price Decline Between Dec. 3 – Dec. 10: 6.52%

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

On December 8, JPMorgan downgraded Range Resources Corporation (NYSE:RRC) from ‘Neutral’ to ‘Underweight’, while also trimming its price target from $44 to $39. The downgrade followed the firm’s update to its exploration and production ratings as part of its 2026 outlook.

The bank maintained a cautious stance regarding natural gas liquids fundamentals and sees supply side risks for oil and liquids, but noted that the ‘long-awaited demand inflection for natural gas has finally arrived’. While crude oil prices remain under pressure due to a supply glut and a potential end to the Russia-Ukraine conflict next year, natural gas prices are hovering just below their 3-year high.

Given its positioning at Markus Hook, JPMorgan analyst Arun Jayaram believes that Range Resources Corporation (NYSE:RRC) has lost its competitive edge after it expects Belvieu pricing to decrease next year due to the expanding dock capacity on the Gulf Coast. The analyst expects RRC’s 2026-27 free cash flow yield to be below its peers in the broader E&P and gas sectors.

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