Key Takeaways From Range Resources Analyst Ratings
Portfolio Pulse from Benzinga Insights
In the last three months, 13 analysts have rated Range Resources (NYSE:RRC), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 8.21% to $35.23. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Range Resources faces financial challenges, including negative revenue trends and below-average profitability metrics.
October 23, 2024 | 4:00 pm
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NEGATIVE IMPACT
Range Resources has received mixed analyst ratings, with a decrease in the average 12-month price target by 8.21% to $35.23. The company faces financial challenges, including negative revenue trends and below-average profitability metrics.
The decrease in the average price target and the predominance of lowered ratings suggest a negative short-term outlook. Financial challenges such as negative revenue trends and below-average profitability metrics further support a likely decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100