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.
RRC was given price targets by several analysts. The maximum price target given was 62, implying a possible profit of 178.03 percent. The lowest price target was 20, implying potential capital losses 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. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
In the last 52-weeks, RRC has achieved a high of 43.60 and a low of 20.34. Currently the stock is 9.64 percent higher than its low, and 48.85 percent below the high. RRC has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.