
Range Resources (RRC) Stock Forecast & Price Target
Range Resources (RRC) Analyst Ratings
Bulls say
Range Resources is experiencing a positive outlook due to impressive proven reserves totaling 18.1 trillion cubic feet equivalent and a significant production rate of 2.2 billion cubic feet equivalent per day, with natural gas representing 68% of this output. The company is poised for growth, targeting a production increase to 2.6 billion cubic feet equivalent per day by 2027, alongside anticipated stock buybacks potentially exceeding $1 billion over the next three years. Additionally, Range Resources benefits from a strong selling portfolio and export agreements, enhancing its revenue potential through premium pricing for its natural gas and NGL products.
Bears say
Range Resources faces significant risks due to weaker-than-expected commodity prices, which could impede the stock's performance and hinder the achievement of financial objectives. While the company has made adjustments to lower its lease operating expenses and general and administrative costs, these positive changes may not sufficiently counterbalance the potential downturn in natural gas prices, which accounted for 68% of its production. Furthermore, the company’s $20/share downside scenario reflects a reliance on price forecasts, suggesting that any deviation from these expectations could result in significant financial challenges given its substantial reserves of 18.1 trillion cubic feet equivalent.
This aggregate rating is based on analysts' research of Range Resources and is not a guaranteed prediction by Public.com or investment advice.
Range Resources (RRC) Analyst Forecast & Price Prediction
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