Morgan Stanley analyst Devin McDermott maintains $Range Resources (RRC.US)$ with a sell rating, and maintains the target price at $33.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 9.9% 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:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
