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 $31.00 (represents a 6.79% upside from RRC’s last price of $29.03) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.

RRC Price Target


The average price target for Range Resources (RRC) is $31.00 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $16.00. This represents a potential 6.79% upside from RRC's last price of $29.03.

RRC Analyst Ratings


Buy

According to 20 Wall Street analysts, Range Resources's rating consensus is 'Buy'. The analyst rating breakdown for RRC stock is 0 'Strong Buy' (0.00%), 10 'Buy' (50.00%), 8 'Hold' (40.00%), 2 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).

Range Resources Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Biju PerincherilSusquehanna$31.00$28.917.23%6.79%
Aug 19, 2024Cameron BeanScotiabank$45.00$31.2444.05%55.01%
Aug 15, 2024Mark LearPiper Sandler$31.00$29.963.47%6.79%
Jul 29, 2024Roger ReadWells Fargo$35.00$31.7810.13%20.56%
Jul 22, 2024Biju PerincherilSusquehanna$36.00$33.168.56%24.01%
Jul 08, 2024Lloyd ByrneJefferies$35.00$33.753.70%20.56%
Apr 30, 2024Mark LearPiper Sandler$43.00$35.9119.74%48.12%
Apr 26, 2024Scott HanoldRBC Capital$39.00$37.653.59%34.34%
Apr 23, 2024Derrick WhitfieldStifel Nicolaus$39.00$36.118.00%34.34%
Apr 05, 2024Neal DingmannTruist Financial$30.00$34.64-13.39%3.34%
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The latest Range Resources stock forecast, released on Sep 04, 2024 by Biju Perincheril from Susquehanna, set a price target of $31.00, which represents a 7.23% increase from the stock price at the time of the forecast ($28.91), and a 6.79% increase from RRC last price ($29.03).

Range Resources Price Target by Period


1M3M12M
# Anlaysts2612
Avg Price Target$38.00$35.50$34.92
Last Closing Price$29.03$29.03$29.03
Upside/Downside30.90%22.29%20.29%

In the current month, the average price target of Range Resources stock is $38.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 30.90% increase as opposed to Range Resources's last price of $29.03. This month's average price target is up 7.04% compared to last quarter, and up 8.82% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 04, 2024Wells FargoSector OutperformSector OutperformHold
Sep 04, 2024SusquehannaNeutralNeutralHold
Aug 19, 2024ScotiabankSector OutperformOutperformUpgrade
Aug 15, 2024Wells FargoSector PerformSector PerformHold
Aug 15, 2024SusquehannaUnderperformUnderperformHold
Aug 15, 2024Piper SandlerOverweightNeutralDowngrade
Jul 29, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 22, 2024SusquehannaNeutralNeutralHold
Jul 17, 2024Wolfe Research-Peer PerformInitialise
Jul 08, 2024StephensUnderperformUnderperformHold
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Range Resources's last stock rating was published by Wells Fargo on Sep 04, 2024. The company gave RRC a "Sector Outperform" 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$571.33M$636.98M$818.39M$1.18B$1.57B-$1.12B$1.26B$954.86M$684.40M$683.91M$513.36M$424.04M$382.85M$460.75M$587.11M$547.77M
Avg Forecast$792.15M$750.17M$737.67M$784.23M$798.09M$732.51M$725.76M$776.75M$702.86M$646.56M$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$878.55M$831.99M$818.13M$869.76M$885.13M$812.40M$804.92M$861.47M$779.52M$702.13M$677.54M$754.47M$711.61M$748.00M$630.15M$862.83M$1.04B$1.10B$946.76M$958.22M$956.09M$760.62M$649.53M$619.99M$546.95M$548.61M$519.07M$626.44M$658.19M$603.43M
Low Forecast$709.46M$671.86M$660.66M$702.36M$714.77M$656.04M$649.99M$695.66M$629.49M$580.37M$547.13M$609.26M$648.28M$548.03M$508.87M$696.76M$836.71M$889.88M$946.76M$774.00M$772.28M$614.39M$524.66M$500.80M$441.80M$443.14M$419.28M$506.00M$531.65M$487.42M
# Analysts107558544811549178877137158105555544
Surprise %-------------0.93%1.12%1.05%1.27%1.58%-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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811549178877137158105555544
EBITDA-------------$166.54M$129.96M$361.50M$693.91M$1.03B-$580.94M$1.24B$-230.03M$-9.82M$175.10M$181.70M$-639.18M$-38.73M$242.71M$-2.26B$-27.80M
Avg Forecast$355.31M$336.48M$330.87M$351.75M$357.97M$328.55M$325.53M$348.40M$315.26M$290.00M$274.01M$-513.85M$302.14M$274.84M$254.85M$-467.13M$419.03M$-290.98M$424.65M$-424.67M$392.43M$-230.03M$-9.82M$121.81M$272.55M$-351.55M$-49.21M$257.12M$-1.51B$-36.14M
High Forecast$394.06M$373.17M$366.96M$390.11M$397.01M$364.39M$361.03M$386.39M$349.64M$314.93M$303.90M$-411.08M$319.18M$335.50M$282.64M$-373.71M$464.74M$-232.79M$424.65M$-339.73M$428.84M$-184.02M$-7.85M$146.17M$327.07M$-281.24M$-39.37M$280.98M$-1.21B$-28.92M
Low Forecast$318.21M$301.35M$296.33M$315.03M$320.60M$294.26M$291.54M$312.03M$282.34M$260.31M$245.41M$-616.62M$290.77M$245.81M$228.24M$-560.56M$375.29M$-349.18M$424.65M$-509.60M$346.39M$-276.03M$-11.78M$97.45M$218.04M$-421.86M$-59.06M$226.96M$-1.81B$-43.37M
Surprise %-------------0.61%0.51%-0.77%1.66%-3.55%--1.37%3.17%1.00%1.00%1.44%0.67%1.82%0.79%0.94%1.50%0.77%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811549178877137158105555544
Net Income-------------$48.80M$30.23M$481.45M$814.24M$373.09M-$-456.81M$891.37M$-350.27M$-156.47M$27.15M$-30.14M$-680.05M$-146.57M$144.97M$-1.81B$-27.58M
Avg Forecast$244.57M$205.16M$205.50M$244.34M$218.24M$180.11M$169.80M$212.63M$152.04M$114.63M$101.71M$-533.34M$115.75M$83.94M$52.61M$-484.86M$290.29M$-443.09M$296.19M$-440.78M$909.56M$-350.27M$-156.47M$18.89M$-45.20M$-374.03M$-186.23M$782.87M$-1.20B$-35.86M
High Forecast$279.25M$234.25M$234.63M$278.99M$249.19M$205.64M$193.88M$242.78M$173.60M$151.95M$116.13M$-426.67M$140.91M$119.92M$60.07M$-387.89M$331.45M$-354.47M$296.19M$-352.62M$1.09B$-280.21M$-125.18M$22.67M$-36.16M$-299.22M$-148.98M$939.44M$-962.84M$-28.68M
Low Forecast$211.38M$177.32M$177.61M$211.18M$188.63M$155.66M$146.76M$183.78M$131.41M$71.98M$87.91M$-640.01M$93.10M$50.37M$45.47M$-581.83M$250.89M$-531.71M$296.19M$-528.94M$727.65M$-420.32M$-187.77M$15.11M$-54.24M$-448.83M$-223.47M$626.29M$-1.44B$-43.03M
Surprise %-------------0.58%0.57%-0.99%2.80%-0.84%-1.04%0.98%1.00%1.00%1.44%0.67%1.82%0.79%0.19%1.50%0.77%

Range Resources's average Quarter net income forecast for Dec 23 is $115.75M, with a range of $93.10M to $140.91M. RRC's average Quarter net income forecast represents a 137.20% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811549178877137158105555544
SG&A-------------$38.09M$84.39M$43.15M$41.07M$41.12M-$43.03M$407.87M$49.06M$40.24M$38.00M$40.72M$38.15M$76.45M$359.64M$388.84M$416.90M
Avg Forecast$46.74M$44.26M$43.52M$46.27M$47.09M$43.22M$42.82M$45.83M$41.47M$38.15M$36.04M$50.23M$39.74M$36.15M$33.52M$45.67M$55.12M$62.06M$55.86M$41.52M$416.19M$49.06M$40.24M$26.44M$61.08M$20.98M$97.14M$33.82M$259.22M$541.97M
High Forecast$51.84M$49.09M$48.27M$51.32M$52.22M$47.93M$47.49M$50.83M$45.99M$41.43M$39.98M$60.28M$41.99M$44.13M$37.18M$54.80M$61.13M$74.47M$55.86M$49.82M$499.43M$58.87M$48.29M$31.73M$73.30M$25.18M$116.56M$36.96M$311.07M$650.36M
Low Forecast$41.86M$39.64M$38.98M$41.44M$42.17M$38.71M$38.35M$41.05M$37.14M$34.24M$32.28M$40.19M$38.25M$32.33M$30.02M$36.53M$49.37M$49.65M$55.86M$33.21M$332.96M$39.25M$32.19M$21.15M$48.86M$16.79M$77.71M$29.86M$207.38M$433.57M
Surprise %-------------1.05%2.52%0.94%0.75%0.66%-1.04%0.98%1.00%1.00%1.44%0.67%1.82%0.79%10.63%1.50%0.77%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811549178877137158105555544
EPS-------------$0.20$0.13$1.98$3.38$1.52-$-1.86$3.66$-1.44$-0.65$0.11$-0.13$-2.83$-0.61$0.58$-7.27$-0.11
Avg Forecast$1.01$0.84$0.85$1.01$0.90$0.74$0.70$0.88$0.63$0.47$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$1.15$0.96$0.97$1.15$1.03$0.85$0.80$1.00$0.71$0.63$0.48$0.68$0.58$0.49$0.25$0.92$1.36$1.62$1.22$1.34$1.08$0.60$0.28$0.25$0.05$-0.02$-0.15-$0.04$-0.09
Low Forecast$0.87$0.73$0.73$0.87$0.78$0.64$0.60$0.76$0.54$0.30$0.36$0.51$0.38$0.21$0.19$0.70$1.03$1.23$1.22$1.01$0.82$0.46$0.21$0.19$0.04$-0.02$-0.20-$0.03$-0.11
Surprise %-------------0.58%0.60%2.45%2.83%1.07%--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$52.95$92.6374.94%Buy
ARAntero Resources$26.49$39.6549.68%Buy
SWNSouthwestern Energy Company$6.26$8.8541.37%Hold
CHKChesapeake Energy$73.22$103.2741.04%Buy
PRPermian Resources$13.49$18.2535.29%Buy
SMSM Energy Company$39.16$51.6431.87%Buy
CTRACoterra Energy$22.78$29.5329.63%Buy
EQTEQT$33.19$41.0023.53%Buy
EOGEOG Resources$119.37$131.7910.40%Buy
RRCRange Resources$29.03$31.006.79%Buy
MGYMagnolia Oil & Gas$23.84$25.316.17%Buy
FANGDiamondback Energy$172.42$182.385.78%Buy
CRKComstock Resources$10.02$8.33-16.87%Hold

RRC Forecast FAQ


Yes, according to 20 Wall Street analysts, Range Resources (RRC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 50.00% of RRC's total ratings.

Range Resources (RRC) average price target is $31 with a range of $16 to $45, implying a 6.79% from its last price of $29.03. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RRC stock, the company can go up by 6.79% (from the last price of $29.03 to the average price target of $31), up by 55.01% based on the highest stock price target, and down by -44.88% based on the lowest stock price target.

RRC's highest twelve months analyst stock price target of $45 supports the claim that Range Resources can reach $40 in the near future.

2 Wall Street analysts forecast a $38 price target for Range Resources (RRC) this month, up 30.90% from its last price of $29.03. Compared to the last 3 and 12 months, the average price target increased by 22.29% and increased by 20.29%, respectively.

Range Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.03B (high $3.36B, low $2.72B), average EBITDA is $1.36B (high $1.51B, low $1.22B), average net income is $780.78M (high $891.49M, low $674.82M), average SG&A $178.96M (high $198.48M, low $160.28M), and average EPS is $3.21 (high $3.67, low $2.78). RRC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.06B (high $3.4B, low $2.74B), average EBITDA is $1.37B (high $1.52B, low $1.23B), average net income is $899.57M (high $1.03B, low $777.49M), average SG&A $180.8M (high $200.51M, low $161.92M), and average EPS is $3.7 (high $4.23, low $3.2).

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 $128.04M by 2408.76%. The company's net income was $1.18B, missing the average estimation of $-297M by -497.92%. Apple's SG&A was $166.3M, missing the average forecast of $214.56M by -22.49%. 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 $83.94M by -41.87%. 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%