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Range Resources (RRC) Stock Forecast & Price Target

$32.82
+0.06 (+0.18%)
(As of 07/19/2024 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

Based on 20 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 20 analysts, 4 have given a sell rating, 11 have given a hold rating, and 5 have given a buy rating for RRC.

Consensus Price Target

$37.15
13.19% Upside
High Forecast$47.00
Average Forecast$37.15
Low Forecast$28.00

According to the 20 analysts' twelve-month price targets for Range Resources, the average price target is $37.15. The highest price target for RRC is $47.00, while the lowest price target for RRC is $28.00. The average price target represents a forecasted upside of 13.19% from the current price of $32.82.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
13 Buy rating(s)
Hold
11 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
6 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$37.15$37.10$35.80$33.00
Forecasted Upside13.19% Upside8.07% Upside8.96% Upside21.13% Upside
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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
2.05
2.57
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside13.18% Upside344.34% Upside10.02% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Wolfe Research
3 of 5 stars
S. Margolin
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Initiated CoverageStrong-Buy ➝ Peer Perform
7/9/2024Benchmark
2 of 5 stars
 Reiterated RatingHold
7/8/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHold ➝ Hold$34.00 ➝ $35.00+3.86%
5/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$41.00 ➝ $45.00+27.01%
4/30/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$41.00 ➝ $43.00+15.10%
4/26/2024Royal Bank of Canada
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 DowngradeOutperform ➝ Sector Perform$36.00 ➝ $39.00+3.48%
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%
4/22/2024Susquehanna
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 Boost TargetNeutral ➝ Neutral$34.00 ➝ $36.00+2.07%
4/17/2024Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$23.00 ➝ $33.00-6.01%
4/11/2024Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$40.00 ➝ $45.00+23.90%
4/10/2024Barclays
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 Initiated CoverageUnderweight$35.00-3.31%
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%
12/14/2023Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight$40.00 ➝ $32.00+7.85%
12/6/2023JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$33.00 ➝ $32.00+2.12%
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%
8/17/2023UBS Group
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 Boost TargetSell ➝ Sell$24.00 ➝ $28.00-13.29%
8/14/2023Siebert Williams Shank
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 DowngradeBuy ➝ Hold$38.00+17.10%
5/24/2023The Goldman Sachs Group
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 UpgradeSell ➝ Neutral$30.00 ➝ $31.00+6.02%
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%
9/29/2022TD Securities
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 UpgradeHold ➝ Buy$32.00 ➝ $33.00+32.85%
7/20/2022MKM Partners
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 Reiterated RatingNeutral$25.00-11.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:10 PM ET.

RRC Forecast - Frequently Asked Questions

What is Range Resources' forecast for 2024?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Range Resources is $37.15, with a high forecast of $47.00 and a low forecast of $28.00.

Should I buy or sell Range Resources stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Range Resources in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 5 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.

Does Range Resources's stock price have much upside?

According to analysts, Range Resources's stock has a predicted upside of 8.35% based on their 12-month stock forecasts.

Has Range Resources been downgraded by Wall Street analysts recently?

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

What analysts cover Range Resources?

Range Resources has been rated by research analysts at Benchmark, Jefferies Financial Group, Mizuho, Piper Sandler, Royal Bank of Canada, Stephens, Stifel Nicolaus, Susquehanna, and Wolfe Research in the past 90 days.

Do Wall Street analysts like Range Resources more than its competitors?

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 7/20/2024 by MarketBeat.com Staff

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