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

Investivoq PriceTracker

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 Insider Trades

    $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 Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.