8 analysts have shared their evaluations of Range Resources RRC during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 1 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $34.12, a high estimate of $37.00, and a low estimate of $32.00. Highlighting a 9.3% decrease, the current average has fallen from the previous average price target of $37.62.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Range Resources. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bertrand Hodee | Truist Securities | Lowers | Hold | $32.00 | $33.00 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $34.00 | $43.00 |
| John Freeman | Raymond James | Lowers | Outperform | $36.00 | $37.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $37.00 | $38.00 |
| John Freeman | Raymond James | Lowers | Outperform | $37.00 | $41.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $32.00 | $40.00 |
| Paul Diamond | Citigroup | Lowers | Neutral | $33.00 | $36.00 |
| Arun Jayaram | JP Morgan | Lowers | Underweight | $32.00 | $33.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Range Resources. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Range Resources compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Range Resources's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Range Resources analyst ratings.
Get to Know Range Resources Better
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.
A Deep Dive into Range Resources's Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Range Resources faced challenges, resulting in a decline of approximately -44.99% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Range Resources's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 47.04%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Range Resources's ROE stands out, surpassing industry averages. With an impressive ROE of 8.48%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Range Resources's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.35%, the company showcases efficient use of assets and strong financial health.
Debt Management: Range Resources's debt-to-equity ratio is below the industry average. With a ratio of 0.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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