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Range Resources (RRC) Stock Forecast, Price Target & Predictions

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RRC Stock Forecast

Range Resources stock forecast is as follows: an average price target of $31.53 (represents a -7.02% downside from RRC’s last price of $33.91) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.

RRC Price Target

The average price target for Range Resources (RRC) is $31.53 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $16.00. This represents a potential -7.02% downside from RRC's last price of $33.91.

RRC Analyst Ratings

Buy

According to 22 Wall Street analysts, Range Resources's rating consensus is 'Buy'. The analyst rating breakdown for RRC stock is 0 'Strong Buy' (0.00%), 11 'Buy' (50.00%), 10 'Hold' (45.45%), 1 'Sell' (4.55%), and 0 'Strong Sell' (0.00%).

Range Resources Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 23, 2024Mike SciallaStephens$37.00$29.9023.75%9.11%
Oct 02, 2024Betty JiangBarclays$34.00$32.394.97%0.27%
Oct 01, 2024Roger ReadWells Fargo$39.00$30.9625.95%15.01%
Sep 04, 2024Biju PerincherilSusquehanna$31.00$28.917.23%-8.58%
Aug 19, 2024Cameron BeanScotiabank$45.00$31.2444.05%32.70%
Aug 15, 2024Mark LearPiper Sandler$31.00$29.963.47%-8.58%
Jul 29, 2024Roger ReadWells Fargo$35.00$31.7810.13%3.21%
Jul 22, 2024Biju PerincherilSusquehanna$36.00$33.168.56%6.16%
Jul 08, 2024Lloyd ByrneJefferies$35.00$33.753.70%3.21%
Apr 30, 2024Mark LearPiper Sandler$43.00$35.9119.74%26.81%
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The latest Range Resources stock forecast, released on Oct 23, 2024 by Mike Scialla from Stephens, set a price target of $37.00, which represents a 23.75% increase from the stock price at the time of the forecast ($29.90), and a 9.11% increase from RRC last price ($33.91).

Range Resources Price Target by Period

1M3M12M
# Anlaysts1615
Avg Price Target$37.00$36.17$35.27
Last Closing Price$33.91$33.91$33.91
Upside/Downside9.11%6.66%4.01%

In the current month, the average price target of Range Resources stock is $37.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 9.11% increase as opposed to Range Resources's last price of $33.91. This month's average price target is up 2.29% compared to last quarter, and up 4.91% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 23, 2024UBSUnderperformUnderperformHold
Oct 23, 2024Cowen & Co.HoldHoldHold
Oct 23, 2024Piper SandlerNeutralNeutralHold
Oct 17, 2024StephensOverweightOverweightHold
Oct 02, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 02, 2024UBSUnderperformUnderperformHold
Oct 02, 2024BarclaysUnderweightEqual-WeightUpgrade
Oct 02, 2024BarclaysUnderweightHoldUpgrade
Oct 01, 2024Wells FargoSector OutperformOverweightUpgrade
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Range Resources's last stock rating was published by Wells Fargo on Oct 23, 2024. The company gave RRC a "Equal-Weight" rating, the same as its previous rate.

Range Resources Financial Forecast

Range Resources Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$571.33M$636.98M$818.39M$1.18B$1.57B$1.47B$1.12B$1.26B$954.86M$684.40M$683.91M$513.36M$424.04M$382.85M$460.75M$587.11M$547.77M
Avg Forecast$807.67M$764.60M$743.93M$790.92M$773.60M$721.70M$697.01M$750.20M$693.18M$617.90M$610.91M$680.28M$673.62M$612.75M$568.18M$777.98M$934.24M$993.60M$946.76M$876.87M$874.92M$696.04M$594.39M$567.36M$500.51M$502.04M$475.00M$573.26M$602.31M$552.20M
High Forecast$852.90M$807.41M$785.59M$835.21M$816.92M$762.11M$736.04M$779.93M$699.85M$640.30M$611.24M$680.28M$711.61M$748.00M$600.00M$821.54M$986.55M$993.60M$946.76M$876.87M$874.92M$696.04M$594.39M$567.36M$500.51M$502.04M$475.00M$573.26M$602.31M$552.20M
Low Forecast$769.88M$728.83M$709.13M$753.92M$737.41M$687.93M$664.40M$727.99M$686.68M$595.50M$610.58M$680.28M$648.28M$548.03M$541.60M$741.58M$890.53M$993.60M$946.76M$876.87M$874.92M$696.04M$594.39M$567.36M$500.51M$502.04M$475.00M$573.26M$602.31M$552.20M
# Analysts9999888101097491788771271489151059644
Surprise %-------------0.93%1.12%1.05%1.27%1.58%1.55%1.28%1.44%1.37%1.15%1.21%1.03%0.84%0.81%0.80%0.97%0.99%

Range Resources's average Quarter revenue forecast for Dec 23 based on 9 analysts is $673.62M, with a low forecast of $648.28M, and a high forecast of $711.61M. RRC's average Quarter revenue forecast represents a 17.90% increase compared to the company's last Quarter revenue of $571.33M (Sep 23).

Range Resources EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888101097491788771271489151059644
EBITDA-------------$166.54M$129.96M$361.50M$693.91M$1.03B$967.75M$580.94M$1.24B$-230.03M$-9.82M$175.10M$181.70M$-639.18M$-38.73M$242.71M$-2.26B$-27.80M
Avg Forecast$362.27M$342.95M$333.68M$354.75M$346.98M$323.70M$312.63M$336.49M$310.92M$277.15M$274.01M$-513.85M$302.14M$274.84M$254.85M$-467.13M$419.03M$445.66M$424.65M$-424.67M$392.43M$312.20M$266.60M$121.81M$224.50M$225.18M$213.05M$257.12M$270.16M$247.68M
High Forecast$382.55M$362.15M$352.36M$374.62M$366.41M$341.83M$330.14M$349.82M$313.91M$287.20M$274.16M$-411.08M$319.18M$335.50M$269.12M$-373.71M$442.50M$445.66M$424.65M$-339.73M$392.43M$312.20M$266.60M$146.17M$224.50M$225.18M$213.05M$257.12M$270.16M$247.68M
Low Forecast$345.32M$326.90M$318.07M$338.16M$330.75M$308.56M$298.00M$326.53M$308.00M$267.10M$273.86M$-616.62M$290.77M$245.81M$242.93M$-560.56M$399.43M$445.66M$424.65M$-509.60M$392.43M$312.20M$266.60M$97.45M$224.50M$225.18M$213.05M$257.12M$270.16M$247.68M
Surprise %-------------0.61%0.51%-0.77%1.66%2.32%2.28%-1.37%3.17%-0.74%-0.04%1.44%0.81%-2.84%-0.18%0.94%-8.37%-0.11%

9 analysts predict RRC's average Quarter EBITDA for Dec 23 to be $302.14M, with a high of $319.18M and a low of $290.77M. This is 81.42% upper than Range Resources's previous annual EBITDA (Sep 23) of $166.54M.

Range Resources Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888101097491788771271489151059644
Net Income-------------$48.80M$30.23M$481.45M$814.24M$373.09M$452.86M$-456.81M$891.37M$-350.27M$-156.47M$27.15M$-30.14M$-680.05M$-146.57M$144.97M$-1.81B$-27.58M
Avg Forecast$233.36M$187.80M$181.52M$236.66M$203.29M$165.75M$151.29M$195.87M$139.03M$90.35M$101.56M$-533.34M$115.58M$83.82M$52.53M$-484.86M$1.00B$345.38M$296.90M$-440.78M$235.08M$130.76M$60.35M$18.89M$10.32M$-4.86M$-42.38M$782.87M$8.63M$-24.40M
High Forecast$250.35M$201.47M$194.73M$253.89M$218.09M$177.81M$162.30M$241.07M$185.38M$96.93M$102.36M$-426.67M$140.70M$119.74M$56.36M$-387.89M$1.20B$345.38M$305.07M$-352.62M$235.08M$130.76M$60.35M$22.67M$10.32M$-4.86M$-42.38M$939.44M$8.63M$-24.40M
Low Forecast$219.17M$176.37M$170.48M$222.27M$190.92M$155.67M$142.09M$135.60M$95.41M$84.85M$100.76M$-640.01M$92.97M$50.29M$49.34M$-581.83M$800.41M$345.38M$288.72M$-528.94M$235.08M$130.76M$60.35M$15.11M$10.32M$-4.86M$-42.38M$626.29M$8.63M$-24.40M
Surprise %-------------0.58%0.58%-0.99%0.81%1.08%1.53%1.04%3.79%-2.68%-2.59%1.44%-2.92%139.85%3.46%0.19%-209.24%1.13%

Range Resources's average Quarter net income forecast for Dec 23 is $115.58M, with a range of $92.97M to $140.70M. RRC's average Quarter net income forecast represents a 136.85% increase compared to the company's last Quarter net income of $48.80M (Sep 23).

Range Resources SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888101097491788771271489151059644
SG&A-------------$38.09M$84.39M$43.15M$41.07M$41.12M$43.49M$43.03M$407.87M$49.06M$40.24M$38.00M$40.72M$38.15M$76.45M$359.64M$388.84M$416.90M
Avg Forecast$47.65M$45.11M$43.89M$46.67M$45.64M$42.58M$41.12M$44.26M$40.90M$36.46M$36.04M$50.23M$39.74M$36.15M$33.52M$45.67M$457.81M$58.62M$55.86M$41.52M$51.62M$41.07M$35.07M$26.44M$29.53M$29.62M$28.03M$33.82M$35.54M$32.58M
High Forecast$50.32M$47.64M$46.35M$49.28M$48.20M$44.97M$43.43M$46.02M$41.29M$37.78M$36.06M$60.28M$41.99M$44.13M$35.40M$54.80M$549.38M$58.62M$55.86M$49.82M$51.62M$41.07M$35.07M$31.73M$29.53M$29.62M$28.03M$33.82M$35.54M$32.58M
Low Forecast$45.42M$43.00M$41.84M$44.48M$43.51M$40.59M$39.20M$42.95M$40.52M$35.14M$36.03M$40.19M$38.25M$32.33M$31.96M$36.53M$366.25M$58.62M$55.86M$33.21M$51.62M$41.07M$35.07M$21.15M$29.53M$29.62M$28.03M$33.82M$35.54M$32.58M
Surprise %-------------1.05%2.52%0.94%0.09%0.70%0.78%1.04%7.90%1.19%1.15%1.44%1.38%1.29%2.73%10.63%10.94%12.80%

Range Resources's average Quarter SG&A projection for Dec 23 is $39.74M, based on 9 Wall Street analysts, with a range of $38.25M to $41.99M. The forecast indicates a 4.34% rise compared to RRC last annual SG&A of $38.09M (Sep 23).

Range Resources EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9999888101097491788771271489151059644
EPS-------------$0.20$0.13$1.98$3.38$1.52$1.81$-1.86$3.66$-1.44$-0.65$0.11$-0.13$-2.83$-0.61$0.58$-7.27$-0.11
Avg Forecast$0.96$0.77$0.75$0.98$0.84$0.68$0.62$0.81$0.57$0.37$0.42$0.60$0.48$0.35$0.22$0.81$1.19$1.42$1.22$1.19$0.97$0.54$0.25$0.23$0.04$-0.02$-0.17-$0.04$-0.10
High Forecast$1.03$0.83$0.80$1.05$0.90$0.73$0.67$0.99$0.76$0.40$0.42$0.60$0.58$0.49$0.23$0.87$1.28$1.42$1.26$1.19$0.97$0.54$0.25$0.23$0.04$-0.02$-0.17-$0.04$-0.10
Low Forecast$0.90$0.73$0.70$0.92$0.79$0.64$0.59$0.56$0.39$0.35$0.42$0.60$0.38$0.21$0.20$0.76$1.12$1.42$1.19$1.19$0.97$0.54$0.25$0.23$0.04$-0.02$-0.17-$0.04$-0.10
Surprise %-------------0.58%0.60%2.45%2.83%1.07%1.48%-1.56%3.78%-2.68%-2.62%0.49%-2.96%141.42%3.50%157.95%-204.74%1.10%

According to 9 Wall Street analysts, Range Resources's projected average Quarter EPS for Dec 23 is $0.48, with a low estimate of $0.38 and a high estimate of $0.58. This represents a 138.19% increase compared to RRC previous annual EPS of $0.20 (Sep 23).

Range Resources Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CIVICivitas Resources$51.14$84.7065.62%Buy
ARAntero Resources$31.19$37.5820.49%Buy
PRPermian Resources$15.13$17.9218.44%Buy
CTRACoterra Energy$25.61$29.6815.89%Buy
SMSM Energy Company$43.72$50.0014.36%Buy
FANGDiamondback Energy$182.24$191.605.14%Buy
EOGEOG Resources$134.35$132.29-1.53%Buy
EQTEQT$43.31$41.53-4.11%Buy
RRCRange Resources$33.91$31.53-7.02%Buy
MGYMagnolia Oil & Gas$27.08$25.06-7.46%Buy
CRKComstock Resources$13.78$9.25-32.87%Hold

RRC Forecast FAQ

Is Range Resources a good buy?

Yes, according to 22 Wall Street analysts, Range Resources (RRC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 50.00% of RRC's total ratings.

What is RRC's price target?

Range Resources (RRC) average price target is $31.53 with a range of $16 to $45, implying a -7.02% from its last price of $33.91. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Range Resources stock go up soon?

According to Wall Street analysts' prediction for RRC stock, the company can go down by -7.02% (from the last price of $33.91 to the average price target of $31.53), up by 32.70% based on the highest stock price target, and down by -52.82% based on the lowest stock price target.

Can Range Resources stock reach $50?

RRC's average twelve months analyst stock price target of $31.53 does not support the claim that Range Resources can reach $50 in the near future.

What is Range Resources's current price target trend?

1 Wall Street analyst forecast a $37 price target for Range Resources (RRC) this month, up 9.11% from its last price of $33.91. Compared to the last 3 and 12 months, the average price target increased by 6.66% and increased by 4.01%, respectively.

What are Range Resources's analysts' financial forecasts?

Range Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.94B (high $3.09B, low $2.82B), average EBITDA is $1.32B (high $1.39B, low $1.26B), average net income is $716.19M (high $799.27M, low $624.28M), average SG&A $173.61M (high $182.61M, low $166.25M), and average EPS is $2.95 (high $3.29, low $2.57). RRC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.11B (high $3.28B, low $2.96B), average EBITDA is $1.39B (high $1.47B, low $1.33B), average net income is $839.33M (high $900.44M, low $788.29M), average SG&A $183.33M (high $193.59M, low $174.75M), and average EPS is $3.46 (high $3.71, low $3.25).

Did the RRC's actual financial results beat the analysts' financial forecasts?

Based on Range Resources's last annual report (Dec 2022), the company's revenue was $5.34B, beating the average analysts forecast of $3.75B by 42.22%. Apple's EBITDA was $3.21B, beating the average prediction of $864.68M by 271.48%. The company's net income was $1.18B, missing the average estimation of $1.2B by -1.55%. Apple's SG&A was $166.3M, missing the average forecast of $613.82M by -72.91%. Lastly, the company's EPS was $4.79, missing the average prediction of $5.03 by -4.76%. In terms of the last quarterly report (Sep 2023), Range Resources's revenue was $571.33M, missing the average analysts' forecast of $612.75M by -6.76%. The company's EBITDA was $166.54M, missing the average prediction of $274.84M by -39.40%. Range Resources's net income was $48.8M, missing the average estimation of $83.82M by -41.78%. The company's SG&A was $38.09M, beating the average forecast of $36.15M by 5.36%. Lastly, the company's EPS was $0.2, missing the average prediction of $0.345 by -42.11%