In the latest quarter, 11 analysts provided ratings for Range Resources RRC, showcasing a mix of bullish and bearish perspectives.
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 | 2 | 5 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 1 | 0 |
| 3M Ago | 1 | 4 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $38.0, a high estimate of $44.00, and a low estimate of $32.00. This upward trend is evident, with the current average reflecting a 1.06% increase from the previous average price target of $37.60.
Investigating Analyst Ratings: An Elaborate Study
The standing of Range Resources among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 |
| Derrick Whitfield | Stifel | Lowers | Buy | $38.00 | $39.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $44.00 | $40.00 |
| Paul Diamond | Citigroup | Raises | Neutral | $36.00 | $31.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $43.00 | $42.00 |
| John Freeman | Raymond James | Announces | Outperform | $41.00 | - |
| Roger Read | Wells Fargo | Raises | Overweight | $40.00 | $38.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $42.00 | $36.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Range Resources. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Range Resources compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Range Resources's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Range Resources's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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 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 exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Range Resources's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -63.57%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Range Resources's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 8.54%, the company may encounter 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 1.43%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Range Resources's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.72%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Range Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.52.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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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