Range Resources RRC has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $35.33, with a high estimate of $40.00 and a low estimate of $32.00. This current average has decreased by 7.63% from the previous average price target of $38.25.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Range Resources by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Roger Read | Wells Fargo | Raises | Equal-Weight | $34.00 | $32.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $40.00 | $42.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $36.00 | - |
| 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 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Capture valuable insights into Range Resources's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Range Resources analyst ratings.
About Range Resources
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's proved 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.
Financial Milestones: Range Resources's Journey
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Range Resources's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -44.99%. This indicates a decrease 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 net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 47.04% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 8.48%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Range Resources's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.35% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Range Resources's debt-to-equity ratio is below the industry average at 0.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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.
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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