Demystifying Range Resources: Insights From 17 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Analyst ratings for Range Resources (NYSE:RRC) show varied opinions, with recent updates indicating a mix of maintained, raised, and lowered stances. The average 12-month price target is $35.41, reflecting a slight increase from the previous target. Range Resources, focusing on Marcellus Shale, faces revenue challenges with a -44.99% decline but maintains strong profitability with a net margin of 47.04%. The company's market capitalization is below industry average, indicating smaller size relative to peers.
April 17, 2024 | 7:01 pm
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NEUTRAL IMPACT
Range Resources has received mixed analyst ratings with a slight increase in the average 12-month price target to $35.41. The company faces significant revenue challenges but demonstrates strong profitability metrics.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on RRC's stock price. The company's strong profitability metrics, such as a high net margin, could counterbalance the negative effects of its revenue decline and below-average market capitalization, leading to a neutral outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100