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.
A number of analysts gave price targets for RRC. The highest price target was 62, implying potential capital gains of 178.03 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of -10.31 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
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. Meanwhile, fiscal year estimates have been revised upwards by 262.21 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 10.42 percent.
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, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
RRC has traded between a high of 43.60 and a low of 20.34 over the past year. The current market price is above the trailing year's low by 9.64 percent, and below the high by 48.85 percent. 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 market cap of RRC is $5.4 billion. RRC's next earnings release will be on 0000-00-00, which is days away.