What Analysts Are Saying About Range Resources Stock
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Range Resources (NYSE:RRC), with recent ratings ranging from bullish to bearish. The average 12-month price target is $34.56, a slight decrease from the previous $35.50. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Range Resources, focusing on Marcellus Shale, faces revenue challenges with a -44.99% decline but maintains a strong net margin of 47.04%. The company's financial health shows mixed indicators, with a low debt-to-equity ratio but lagging ROE.
March 28, 2024 | 7:01 pm
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NEUTRAL IMPACT
Range Resources has received diverse analyst ratings with a slight decrease in the average price target. Despite facing revenue challenges, the company maintains a strong net margin.
The mixed analyst ratings and slight decrease in the average price target suggest uncertainty, which could lead to short-term price volatility. However, the company's strong net margin indicates underlying financial health, potentially mitigating negative impacts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100