Range Resources Corporation (RRC)
NYSE: RRC · IEX Real-Time Price · USD
38.70
+0.92 (2.44%)
May 20, 2024, 1:51 PM EDT - Market open
Range Resources Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Range Resources stock have an average target of 36.94, with a low estimate of 28 and a high estimate of 45. The average target predicts a decrease of -4.55% from the current stock price of 38.70.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for RRC stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 3 | 3 | 2 | 2 | 2 |
| Buy | 5 | 4 | 4 | 4 | 3 | 3 |
| Hold | 4 | 6 | 6 | 6 | 8 | 9 |
| Sell | 2 | 2 | 2 | 2 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 16 | 16 | 16 | 15 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Strong Buy Maintains $41 → $45 | Strong Buy | Maintains | $41 → $45 | +16.28% | May 13, 2024 |
| Jefferies | Jefferies | Hold Maintains $32 → $34 | Hold | Maintains | $32 → $34 | -12.14% | May 2, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $41 → $43 | Buy | Maintains | $41 → $43 | +11.11% | Apr 30, 2024 |
| Mizuho | Mizuho | Strong Buy Reiterates $39 → $41 | Strong Buy | Reiterates | $39 → $41 | +5.94% | Apr 26, 2024 |
| RBC Capital | RBC Capital | Buy → Hold Downgrades $36 → $39 | Buy → Hold | Downgrades | $36 → $39 | +0.78% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
2.74B
from 3.37B
Decreased by -18.92%
Revenue Next Year
3.16B
from 2.74B
Increased by 15.61%
EPS This Year
2.24
from 3.57
Decreased by -37.29%
EPS Next Year
3.48
from 2.24
Increased by 55.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1B | 3.9B | 3.7B |
| Avg | 2.7B | 3.2B | 3.2B |
| Low | 2.5B | 2.7B | 2.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -7.2% | 43.0% | 18.3% |
| Avg | -18.9% | 15.6% | 0.1% |
| Low | -27.1% | -2.3% | -20.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.37 | 5.40 | 4.31 | 2.92 | 3.26 |
| Avg | 2.24 | 3.48 | 3.54 | 2.81 | 3.13 |
| Low | 1.48 | 2.28 | 2.77 | 2.72 | 3.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -5.6% | 141.1% | 23.9% | -17.6% | 15.9% |
| Avg | -37.3% | 55.2% | 2.0% | -20.8% | 11.5% |
| Low | -58.5% | 2.0% | -20.2% | -23.1% | 8.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.