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 most optimistic analyst gave a price target of 62, which equates to a potential upside of 178.03 percent. The lowest price target was 20, implying potential capital losses of -10.31 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 68.57 percent. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's 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. 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 stock has a market capitalization of $5.4 billion. RRC will post this quarters earnings in days, on 0000-00-00.