Range Resources (RRC) Stock Forecast & Price Target

$29.87

+0.10 (+0.34%)

(As of 10/17/2024 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

Hold

Based on 19 Analyst Ratings

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

$35.06
17.37% Upside

According to the 19 analysts' twelve-month price targets for Range Resources, the average price target is $35.06. 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 17.37% from the current price of $29.87.

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RRC Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
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)	11 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	$35.06	$36.58	$37.15	$35.20
Forecasted Upside	17.37% Upside	23.89% Upside	13.18% Upside	0.30% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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	2.16	2.62	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	17.37% Upside	37.76% Upside	6.32% Upside
News Sentiment Rating	Neutral News See Recent RRC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
10/17/2024	Stephens 4 of 5 stars		Boost Target	Overweight ➝ Overweight	$35.00 ➝ $36.00	+20.72%
10/9/2024	Mizuho 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$45.00 ➝ $40.00	+26.50%
10/2/2024	Barclays 3 of 5 stars	B. Jiang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$35.00 ➝ $34.00	+10.10%
10/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$35.00 ➝ $39.00	+26.79%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$30.00 ➝ $27.00	-8.72%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$33.00 ➝ $31.00	+5.73%
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.
9/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$37.00 ➝ $31.00	+6.42%
9/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $35.00	+24.91%
9/4/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$36.00 ➝ $31.00	+7.12%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Bean Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$45.00 ➝ $45.00	+44.05%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$43.00 ➝ $31.00	+3.51%
7/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$39.00 ➝ $39.00	+22.18%
7/24/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Margolin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong-Buy ➝ Peer Perform
7/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$34.00 ➝ $35.00	+3.86%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$36.00 ➝ $39.00	+5.83%
4/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$32.00 ➝ $30.00	-14.31%
4/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$33.00 ➝ $37.00	+5.68%
1/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$37.00 ➝ $36.00	+20.72%
10/10/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$32.00	-6.30%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$44.00 ➝ $47.00	+52.15%
8/14/2023	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$38.00	+17.10%
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
10/26/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Positive	$38.00	+32.87%
10/25/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$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 Thursday at 11:17 PM 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 $35.06, 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 17.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Range Resources's stock had 3 upgrades and 1 downgrade by analysts.
: Range Resources has been rated by research analysts at Barclays, Benchmark, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Scotiabank, Stephens, Susquehanna, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:RRC) was last updated on 10/17/2024 by MarketBeat.com Staff

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