What Analysts Are Saying About Range Resources Stock
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) received mixed analyst ratings with 2 bullish, 5 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average 12-month price target is $38.0, with a high of $44.00 and a low of $32.00. Several analysts have adjusted their ratings and price targets, with most lowering their targets except for Nitin Kumar from Mizuho, Biju Perincheril from Susquehanna, and Roger Read from Wells Fargo who raised their targets. Range Resources faces financial challenges with a significant revenue decline of -63.57% over 3 months, below-average net margin, ROE, and ROA, but a sound debt-to-equity ratio.
January 11, 2024 | 1:00 pm
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Range Resources received mixed ratings from analysts, with most lowering their price targets. The company's financials show a significant revenue decline and below-average profitability, which may concern investors.
The predominance of lowered price targets by analysts suggests a bearish outlook, which could negatively impact investor sentiment and the stock price in the short term. The significant revenue decline and weak profitability metrics reinforce the cautious stance, likely leading to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100