In the latest quarter, 13 analysts provided ratings for Range Resources RRC, showcasing 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 | 3 | 9 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 4 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $39.23, along with a high estimate of $47.00 and a low estimate of $30.00. Surpassing the previous average price target of $35.23, the current average has increased by 11.35%.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Betty Jiang | Barclays | Raises | Equal-Weight | $40.00 | $34.00 |
| Mike Scialla | Stephens & Co. | Raises | Overweight | $43.00 | $39.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $32.00 | $30.00 |
| Cameron Bean | Scotiabank | Maintains | Sector Perform | $45.00 | $45.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $40.00 | $40.00 |
| Bertrand Hodee | Truist Securities | Raises | Hold | $35.00 | $31.00 |
| 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 |
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 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.
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.
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.
Unraveling the Financial Story of Range Resources
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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. 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: 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): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.31%, the company may need to address challenges in generating satisfactory returns for shareholders.
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.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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