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Range Resources (RRC) Stock Forecast & Price Target

$31.42
+0.24 (+0.77%)
(As of 10/11/2024 ET)

Range Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
3
Hold
10
Buy
6

Based on 19 Wall Street analysts who have issued ratings for Range Resources in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 3 have given a sell rating, 10 have given a hold rating, and 6 have given a buy rating for RRC.

Consensus Price Target

$35.41
12.70% Upside
According to the 19 analysts' twelve-month price targets for Range Resources, the average price target is $35.41. The highest price target for RRC is $45.00, while the lowest price target for RRC is $27.00. The average price target represents a forecasted upside of 12.70% from the current price of $31.42.
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RRC Analyst Ratings Over Time

TypeCurrent Forecast
10/13/23 to 10/12/24
1 Month Ago
9/13/23 to 9/12/24
3 Months Ago
7/15/23 to 7/14/24
1 Year Ago
10/13/22 to 10/13/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
12 Buy rating(s)
Hold
10 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$35.41$36.68$37.15$34.90
Forecasted Upside12.70% Upside26.52% Upside6.69% Upside-0.26% Downside
Consensus Rating
Hold
Hold
Hold
Hold

RRC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RRC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Range Resources Stock vs. The Competition

TypeRange ResourcesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.16
2.62
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside12.70% Upside35.59% Upside6.81% Upside
News Sentiment Rating
Neutral News

See Recent RRC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/9/2024Mizuho
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$45.00 ➝ $40.00+26.50%
10/2/2024Barclays
3 of 5 stars
B. Jiang
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UpgradeUnderweight ➝ Equal Weight$35.00 ➝ $34.00+10.10%
10/1/2024Wells Fargo & Company
3 of 5 stars
R. Read
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UpgradeEqual Weight ➝ Overweight$35.00 ➝ $39.00+26.79%
9/18/2024UBS Group
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 Lower TargetSell ➝ Sell$30.00 ➝ $27.00-8.72%
9/16/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$33.00 ➝ $31.00+5.73%
9/12/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$37.00 ➝ $31.00+6.42%
9/6/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$40.00 ➝ $35.00+24.91%
9/4/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$36.00 ➝ $31.00+7.12%
8/20/2024Scotiabank
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C. Bean
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UpgradeSector Perform ➝ Sector Outperform$45.00 ➝ $45.00+44.05%
8/15/2024Piper Sandler
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M. Lear
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DowngradeOverweight ➝ Neutral$43.00 ➝ $31.00+3.51%
7/25/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$39.00 ➝ $39.00+22.18%
7/24/2024Benchmark
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 Reiterated RatingHold
7/18/2024Wolfe Research
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S. Margolin
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Initiated CoverageStrong-Buy ➝ Peer Perform
7/8/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$34.00 ➝ $35.00+3.86%
4/24/2024Stephens
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 Boost TargetOverweight ➝ Overweight$41.00 ➝ $42.00+12.96%
4/23/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$36.00 ➝ $39.00+5.83%
4/5/2024Truist Financial
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 Lower TargetHold ➝ Hold$32.00 ➝ $30.00-14.31%
4/3/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$33.00 ➝ $37.00+5.68%
1/24/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$37.00 ➝ $36.00+20.72%
10/10/2023Sanford C. Bernstein
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 Initiated CoverageMarket Perform$32.00-6.30%
9/27/2023Bank of America
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 Boost Target$44.00 ➝ $47.00+52.15%
8/14/2023Siebert Williams Shank
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 DowngradeBuy ➝ Hold$38.00+17.10%
5/19/2023VNET Group
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 Reiterated RatingUpgrade
3/21/2023Tudor, Pickering, Holt & Co.
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 UpgradeHold ➝ Buy$33.00+41.45%
3/21/2023Tudor Pickering
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 UpgradeHold ➝ Buy$33.00+41.45%
2/8/2023Roth Capital
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L. Mariani
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Reiterated RatingNeutral
10/26/2022Susquehanna Bancshares
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 UpgradePositive$38.00+32.87%
10/25/2022Credit Suisse Group
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 Lower TargetNeutral$37.00 ➝ $34.00+26.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:07 AM ET.


RRC Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Range Resources is $35.41, with a high forecast of $45.00 and a low forecast of $27.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RRC, but not buy additional shares or sell existing shares.

According to analysts, Range Resources's stock has a predicted upside of 12.70% based on their 12-month stock forecasts.

Over the previous 90 days, Range Resources's stock had 3 upgrades and 1 downgrade by analysts.

Analysts like Range Resources less than other "oils/energy" companies. The consensus rating for Range Resources is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how RRC compares to other companies.


This page (NYSE:RRC) was last updated on 10/12/2024 by MarketBeat.com Staff
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