During the last three months, 14 analysts shared their evaluations of Range Resources RRC, revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 11 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 3 | 0 | 0 |
| 2M Ago | 0 | 1 | 5 | 0 | 0 |
| 3M Ago | 1 | 0 | 2 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $40.43, a high estimate of $45.00, and a low estimate of $32.00. This current average has increased by 8.01% from the previous average price target of $37.43.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Bertrand Hodee | Truist Securities | Raises | Hold | $37.00 | $35.00 |
| Arun Jayaram | JP Morgan | Raises | Neutral | $45.00 | $43.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $33.00 | $32.00 |
| Betty Jiang | Barclays | Raises | Equal-Weight | $43.00 | $40.00 |
| Mike Scialla | Stephens & Co. | Raises | Overweight | $44.00 | $43.00 |
| Josh Silverstein | UBS | Raises | Neutral | $41.00 | $39.00 |
| Umang Choudhary | Goldman Sachs | Raises | Neutral | $43.00 | $39.00 |
| 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 |
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: Gaining insights, analysts provide estimates for the future value of Range Resources's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Range Resources's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Range Resources analyst ratings.
Delving into Range Resources's Background
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 2024, Range Resources' proven reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.18 billion cubic feet equivalent per day. Natural gas accounted for 68% of production.
A Deep Dive into Range Resources's Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Range Resources showcased positive performance, achieving a revenue growth rate of 4.5% as of 31 December, 2024. This reflects a substantial increase in the company's 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: Range Resources's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 14.16%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Range Resources's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.42%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Range Resources's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.29%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.46.
How Are Analyst Ratings Determined?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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