BofA Securities analyst Kalei Akamine initiates coverage on $Range Resources (RRC.US)$ with a hold rating, and sets the target price at $34.
According to TipRanks data, the analyst has a success rate of 41.2% and a total average return of -0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Range Resources (RRC.US)$'s main analysts recently are as follows:
Range Resources is acknowledged for its extensive inventory duration, capital-efficient drilling initiatives, competitive cost framework, and an enhanced balance sheet, particularly after the advantageous natural gas price conditions in 2022 and 2023. Despite the robust performance observed since 2021, there appears to be limited potential for growth relative to the anticipated discounted cash flow valuation.
The investment narrative for Range Resources continues to hold strong, and it is anticipated that the company will maintain a consistent operational tempo through 2025. This approach is expected to preserve and even advance the company's solid operational efficiency.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
