Range Resources (RRC) Stock Forecast & Price Target

$32.73

+0.23 (+0.71%)

(As of 12/1/2023 ET)

Today's Range: $32.24
▼
$33.21
50-Day Range: $30.18
▼
$37.35
52-Week Range: $22.61
▼
$37.88

Volume: 1.57 million shs
Average Volume: 2.60 million shs
Market Capitalization: $7.90 billion

P/E Ratio: 5.87
Dividend Yield: 0.98%
Price Target: $36.26

Range Resources Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Analysts' Consensus Price Target

$36.26
10.79% Upside

High Forecast	$47.00
Average Forecast	$36.26
Low Forecast	$21.00

Type	Current Forecast 12/3/22 to 12/3/23	1 Month Ago 11/3/22 to 11/3/23	3 Months Ago 9/4/22 to 9/4/23	1 Year Ago 12/3/21 to 12/3/22
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$36.26	$36.05	$34.19	$35.88
Predicted Upside	10.79% Upside	14.47% Upside	17.35% Upside	25.64% Upside

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RRC Analyst Ratings 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.

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.

Range Resources Stock vs. The Competition

Type	Range Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.57	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	10.79% Upside	434.31% Upside	2,853.20% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$39.00 ➝ $38.00	+13.50%
11/1/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $44.00	+21.58%
10/26/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$31.00 ➝ $36.00	+5.29%
10/26/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$42.00 ➝ $43.00	+26.17%
10/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$41.00	+18.22%
10/20/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$38.00 ➝ $40.00	+16.65%
Get the Latest News and Ratings for RRC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Range Resources and its competitors with MarketBeat's FREE daily newsletter.
10/10/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$32.00	-6.30%
10/3/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$32.00 ➝ $39.00	+28.84%
10/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$20.00 ➝ $21.00	-31.99%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$44.00 ➝ $47.00	+52.15%
9/13/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Sector Outperform
9/11/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$29.00 ➝ $32.00	-1.51%
8/17/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$24.00 ➝ $28.00	-13.29%
8/14/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$37.00 ➝ $41.00	+28.04%
8/14/2023	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$38.00	+17.10%
7/28/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$35.00 ➝ $38.00	+24.22%
7/25/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$34.00	+12.62%
5/24/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$30.00 ➝ $31.00	+6.02%
5/19/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
3/21/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$33.00	+41.45%
3/21/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$33.00	+41.45%
2/8/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Mariani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral

(Data available from 12/3/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

RRC Price Target - Frequently Asked Questions

What is Range Resources's consensus rating and price target?: According to the issued ratings of 20 analysts in the last year, the consensus rating for Range Resources stock is Moderate Buy based on the current 2 sell ratings, 6 hold ratings and 12 buy ratings for RRC. The average twelve-month price prediction for Range Resources is $36.26 with a high price target of $47.00 and a low price target of $21.00. Learn more on RRC's analyst rating history.
Do Wall Street analysts like Range Resources more than its competitors?: Analysts like Range Resources less than other Oils/Energy companies. The consensus rating score for Range Resources is 2.50 while the average consensus rating score for oils/energy companies is 2.57. Learn more on how RRC compares to other companies.
Is Range Resources being upgraded by Wall Street analysts?: Over the previous 90 days, Range Resources's stock had 2 upgrades by analysts.

Does Range Resources's stock price have much upside?: According to analysts, Range Resources's stock has a predicted upside of 14.96% based on their 12-month stock forecasts.
What analysts cover Range Resources?: Range Resources has been rated by Bank of America, Benchmark, Citigroup, Mizuho, Morgan Stanley, Raymond James, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:RRC) was last updated on 12/3/2023 by MarketBeat.com Staff

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