9 analysts have expressed a variety of opinions on Range Resources RRC over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 1 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $34.56, along with a high estimate of $40.00 and a low estimate of $23.00. A 2.65% drop is evident in the current average compared to the previous average price target of $35.50.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Range Resources by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Devin McDermott | Morgan Stanley | Raises | Underweight | $23.00 | $22.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $39.00 | $37.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Range Resources. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into 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.
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.
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.
Key Indicators: Range Resources's Financial Health
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Range Resources's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -44.99%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, 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): Range Resources's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 8.48%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.35%, the company showcases effective utilization of assets.
Debt Management: Range Resources's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
