Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Range Resources RRC in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 4 | 0 | 0 |
| 3M Ago | 0 | 3 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Range Resources, revealing an average target of $38.64, a high estimate of $47.00, and a low estimate of $30.00. Surpassing the previous average price target of $35.09, the current average has increased by 10.12%.
Diving into Analyst Ratings: An In-Depth Exploration
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Doug Leggate | B of A Securities | Raises | Buy | $45.00 | $34.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $40.00 | $38.00 |
| Nitin Kumar | Mizuho | Raises | Outperform | $47.00 | $40.00 |
| Josh Silverstein | UBS | Raises | Neutral | $35.00 | $28.00 |
| Paul Diamond | Citigroup | Raises | Neutral | $38.00 | $33.00 |
| Scott Hanold | RBC Capital | Raises | Sector Perform | $40.00 | $35.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $30.00 | $31.00 |
| Mike Scialla | Stephens & Co. | Raises | Overweight | $39.00 | $37.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $38.00 | $39.00 |
| Mike Scialla | Stephens & Co. | Raises | Overweight | $37.00 | $36.00 |
| Mike Scialla | Stephens & Co. | Raises | Overweight | $36.00 | $35.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Range Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Range Resources compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Range Resources's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Range Resources's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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 2023, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.
Range Resources: Financial Performance Dissected
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Range Resources's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -0.6% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 8.89%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Range Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.31%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Range Resources's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.7%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Range Resources's debt-to-equity ratio is below the industry average. With a ratio of 0.47, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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