Analyst Ratings for Range Resources Corp. (RRC)Updated: 2017-07-26
Analysts covering Range Resources Corp. (NYSE:RRC) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for RRC last month.
25 analysts declared RRC a buy, 4 gave an overweight rating, 7 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Investment analysts gave a few price targets for RRC. The maximum price target given was 62, implying a possible profit of 178.03 percent. The lowest price target was 20, which equates to a potential downside of -10.31 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 68.57 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 436.36 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 262.21 percent. If we look at the last 90 days instead, we find a net average change of 10.42 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, RRC hit 43.60 at the highest peak, while it's lowest trading point was 20.34. The current market price is above the trailing year's low by 9.64 percent, and 48.85 percent lower than its 52-week high. RRC has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The RRC value stock report compares RRC to some of its peers using value stock charts. The stock has a market capitalization of $5.4 billion. RRC will post this quarters earnings in days, on 0000-00-00.