Range Resources (RRC) Slid 17.2% in Q2: Why the Natural Gas Stock Still Looks Attractive

In its Q2 2026 investor letter, Kopernik Global All-Cap Fund discussed Range Resources Corp. (NYSE:RRC), a U.S. natural gas producer. The company's shares experienced a 17.2% decline in the quarter, trailing the fund's overall performance. Despite this, the fund remains committed to its long-term, value-focused strategy, viewing market volatility as an opportunity to capitalize on undervalued assets.

Range Resources Corp. is currently trading between $32.68 and $48.31, with a market capitalization of approximately $8.98 billion. The fund's analysis suggests that while Range Resources Corp. did not make their list of 40 Most Popular Stocks Among Hedge Funds for 2026, there may be greater opportunities in AI stocks that align with current market trends.