Navigating 8 Analyst Ratings For Range Resources
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) has received mixed analyst ratings over the past three months, with a shift towards a more indifferent stance in the last 30 days. The average 12-month price target for RRC has been adjusted to $34.12, marking a 9.3% decrease from the previous target of $37.62. Analysts from firms including Truist Securities, Susquehanna, and JP Morgan have lowered their price targets, reflecting concerns over the company's recent performance and market conditions. Despite a significant revenue decline of -44.99% as of December 31, 2023, RRC demonstrates strong financial health with exceptional net margin and ROE above industry averages.
February 23, 2024 | 2:00 pm
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NEUTRAL IMPACT
Range Resources has seen a shift in analyst sentiment, with a decrease in its average 12-month price target to $34.12, reflecting a 9.3% drop. Despite a significant revenue decline, the company's strong net margin and ROE indicate robust financial health.
The mixed analyst ratings and lowered price targets suggest uncertainty about RRC's short-term stock price direction. However, the company's strong financial indicators, such as net margin and ROE, could mitigate negative impacts, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100