Unveiling 7 Analyst Insights On Range Resources
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) has been analyzed by 7 analysts, showing a range of sentiments from bullish to bearish. The average 12-month price target is $36.0, down 7.36% from the previous $38.86. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Range Resources faces challenges with declining revenue, low net margin, and below-average ROE and ROA, but maintains a conservative debt management approach.
September 04, 2024 | 5:01 pm
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NEGATIVE IMPACT
Range Resources has received mixed analyst ratings, with a current average price target of $36.0, a decrease from $38.86. The company faces challenges with declining revenue and profitability metrics, but maintains a conservative debt approach.
The decrease in the average price target and the mixed analyst ratings suggest a negative short-term outlook for Range Resources. The company's financial challenges, such as declining revenue and low profitability metrics, further support a likely downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100