RBC Capital analyst Scott Hanold maintains $Range Resources (RRC.US)$ with a hold rating, and adjusts the target price from $35 to $40.
According to TipRanks data, the analyst has a success rate of 71.6% and a total average return of 29.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Range Resources (RRC.US)$'s main analysts recently are as follows:
E&Ps have shown robust Q3 updates, indicative of capital efficiency gains and potential cost reductions, poised as tailwinds for 2025. Most companies under review are aiming for minimal or no growth, with some deferring gas-related activities until a price recovery materializes.
Improved sentiment around future natural gas prices has led to a more favorable outlook, despite the soft fundamentals of near-term natural gas. Market sentiment is currently looking beyond these immediate dynamics.
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.
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