Expert Outlook: Range Resources Through The Eyes Of 9 Analysts
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) has been analyzed by 9 analysts, showing a mix of sentiments with an average 12-month price target of $35.33, down 7.63% from the previous $38.25. Analyst actions range from 'Raise' to 'Lower', reflecting diverse views on the company's performance. Despite a revenue decline of -44.99% as of December 31, 2023, Range Resources maintains a high net margin of 47.04% and an ROA of 4.35%, but its ROE of 8.48% is below industry benchmarks. The company's debt-to-equity ratio is conservative at 0.48.
March 12, 2024 | 2:00 pm
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NEUTRAL IMPACT
Range Resources has received mixed analyst ratings with a revised average 12-month price target of $35.33, indicating a potential short-term impact on its stock price.
The diverse analyst ratings and the downward revision of the average price target by 7.63% reflect uncertainty and varied expectations for Range Resources' future performance. This could lead to increased volatility in the stock price as investors digest the implications of the analysts' views and the company's recent financial challenges, including a significant revenue decline. However, the company's strong net margin and ROA, along with a conservative debt-to-equity ratio, provide some positive counterpoints that might mitigate negative impacts.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100