Top 10 Oil & Gas E&P Stocks Outperforming Despite Sinking Oil Prices

8. Range Resources Corporation (NYSE:RRC)

Range Resources Corporation is an independent natural gas liquids (NGLs), natural gas, and oil company. It explores, develops, and acquires oil and natural gas properties in the Appalachian region. The firm supplies natural gas to industrial users, marketing and midstream companies, and utilities. The stock is up over 5% in pre-market trading.

Last month, J.P. Morgan upgraded the company from Underweight to Neutral, boosting the price target from $43 to $45. Arun Jayaram said that the upgrade was based on the growth potential and attractive valuation.  The analyst believes that the company’s decision to pursue moderate growth in 2026-2027 is strategic, utilizing its financial position, strong inventory, and recent transportation investments.

In the last quarter of 2024, the company was not able to meet the Wall Street revenue estimates. However, operational efficiency saw considerable improvement, resulting in better translation of revenue into profits. The company is known for maximizing shareholder returns, and continuing that tradition, it paid $77 million in dividends and bought back shares worth $65 million.

CEO Dennis Degner was optimistic about the company’s future, expressing his sentiments by saying:

“We fully expect that there’s going to be, we’ll just say, power demand conversations and AI and data center-type growth opportunities.”