Range Resources Surges After EQT Agrees to Buy the Company in All-Stock Deal

Range Resources (RRC) is up 15.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move higher appears to be driven by a newly announced all-stock takeover agreement under which EQT plans to acquire Range Resources. When a cashless merger is announced, the target company’s shares often jump quickly as investors reprice the stock toward the implied value of the offer, while still leaving some discount for deal-closing risk and swings in the buyer’s stock.

Details:

Range Resources and EQT announced a definitive merger agreement on October 26, 2026, to combine their Appalachian natural gas businesses.

Under the deal terms, each outstanding Range share would be exchanged for 0.987 shares of EQT common stock, making the transaction an all-stock acquisition.

The companies said the combined business would have a pro forma enterprise value above $50 billion, more than 9 Bcfe per day of net production, and expected base annual synergies of about $325 million within two years.

The transaction is expected to close in the first quarter of 2027 if shareholders, regulators, and listing requirements are cleared; both companies also said they still plan to release third-quarter 2026 results after the market closes on October 27.

Sources:

Range Resources, SEC, Kiplinger

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RRC Insider Trading Activity

$RRC insiders have traded $RRC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $RRC stock by insiders over the last 6 months:

REGINAL SPILLER sold 3,500 shares for an estimated $140,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$RRC Hedge Fund Activity

We have seen 278 institutional investors add shares of $RRC stock to their portfolio, and 242 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ORBIS ALLAN GRAY LTD added 3,988,076 shares (+147.3%) to their portfolio in Q2 2026, for an estimated $148,316,546
LINGOTTO INVESTMENT MANAGEMENT LLP added 3,851,347 shares (+53.5%) to their portfolio in Q2 2026, for an estimated $143,231,594
JPMORGAN CHASE & CO added 2,785,235 shares (+inf%) to their portfolio in Q2 2026, for an estimated $103,582,889
KOPERNIK GLOBAL INVESTORS, LLC added 2,387,327 shares (+57.0%) to their portfolio in Q2 2026, for an estimated $88,784,691
FMR LLC removed 1,941,022 shares (-13.4%) from their portfolio in Q2 2026, for an estimated $72,186,608
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,792,079 shares (+inf%) to their portfolio in Q2 2026, for an estimated $66,647,418
INVESCO LTD. added 1,530,613 shares (+28.8%) to their portfolio in Q2 2026, for an estimated $56,923,497

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RRC Congressional Stock Trading

Members of Congress have traded $RRC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $RRC stock by members of Congress over the last 6 months:

REPRESENTATIVE BRIAN BABIN sold up to $15,000 on 05/05.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$RRC Price Targets

Multiple analysts have issued price targets for $RRC recently. We have seen 2 analysts offer price targets for $RRC in the last 6 months, with a median target of $41.5.

Here are some recent targets:

Umang Choudhary from Goldman Sachs set a target price of $39.0 on 06/30/2026
Devin McDermott from Morgan Stanley set a target price of $44.0 on 06/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.