Fintel reports that on January 3, 2025, Wolfe Research upgraded their outlook for Range Resources (NYSE:RRC) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 2.35% Upside
As of December 23, 2024, the average one-year price target for Range Resources is $36.90/share. The forecasts range from a low of $22.35 to a high of $49.35. The average price target represents an increase of 2.35% from its latest reported closing price of $36.05 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Range Resources is 3,612MM, an increase of 55.01%. The projected annual non-GAAP EPS is 5.25.
What is the Fund Sentiment?
There are 861 funds or institutions reporting positions in Range Resources. This is an decrease of 49 owner(s) or 5.38% in the last quarter. Average portfolio weight of all funds dedicated to RRC is 0.27%, an increase of 9.16%. Total shares owned by institutions increased in the last three months by 4.92% to 275,571K shares. 
The put/call ratio of RRC is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 29,764K shares representing 12.34% ownership of the company. In its prior filing, the firm reported owning 29,368K shares , representing an increase of 1.33%. The firm decreased its portfolio allocation in RRC by 10.54% over the last quarter.
T. Rowe Price Investment Management holds 15,825K shares representing 6.56% ownership of the company. In its prior filing, the firm reported owning 15,899K shares , representing a decrease of 0.47%. The firm decreased its portfolio allocation in RRC by 12.75% over the last quarter.
TRVLX - T. Rowe Price Value Fund holds 10,541K shares representing 4.37% ownership of the company. In its prior filing, the firm reported owning 10,566K shares , representing a decrease of 0.24%. The firm decreased its portfolio allocation in RRC by 13.77% over the last quarter.
Boston Partners holds 7,604K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 6,478K shares , representing an increase of 14.81%. The firm decreased its portfolio allocation in RRC by 58.31% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 7,568K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 7,547K shares , representing an increase of 0.28%. The firm decreased its portfolio allocation in RRC by 15.98% over the last quarter.
Range Resources Background Information
(This description is provided by the company.)
Range Resources Corporation is a leading U.S. independent natural gas and NGL producer with operations focused in stacked-pay projects in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas.
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