As of January 11, 2024, the analyst ratings for Range Resources (NYSE: RRC) present a diverse range of opinions. Over the past 30 days, there have been 4 Buy Ratings, 3 Hold Ratings, and 1 Sell Rating. The average price target for the next 12 months stands at $36.89, with a high estimate of $44.00 and a low estimate of $32.00. Recent analyst actions have included both upgrades and downgrades to the stock, resulting in a wide range of price targets between $32.00 and $44.00.
Considering the current ratings breakdown, Range Resources stock has received 3 sell ratings, 8 hold ratings, and 12 buy ratings, leading to a consensus rating of Hold. The average target price of $36.89 indicates a modest 1.06% increase from the previous average target of $37.60.
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Range Resources Corporation (RRC) Exhibits Stable Performance in Stock Market: Analysis and Potential Growth
On January 11, 2024, Range Resources Corporation (RRC) exhibited a stable performance in the stock market. The stock opened at $30.28, which was $0.24 lower than its previous closing price. However, despite the initial dip, RRC managed to show resilience and ended the day with a modest increase. RRC is currently trading in the middle of its 52-week range, indicating a balanced position between its highest and lowest prices over the past year. This suggests that the stock has not experienced any significant fluctuations recently and has maintained a relatively stable value. Furthermore, RRC is trading above its 200-day simple moving average, indicating a positive trend in its price momentum. In terms of price change on January 11, RRC shares saw a modest increase of $0.09 since the market last closed. This represents a rise of 0.29%, which may not be substantial, but it does indicate a positive movement in the stock’s value. Investors can interpret this as a sign of stability and potential growth. It is worth noting that RRC’s performance on January 11 needs to be viewed in the context of the overall market conditions and the company’s specific circumstances. Factors such as industry trends, economic indicators, and corporate news can significantly impact the stock’s performance. Investors and analysts will closely monitor RRC’s future performance to assess whether this positive momentum continues. As with any investment, it is crucial to conduct thorough research and consider various factors before making any decisions. Disclaimer: The information provided in this article is based on data sourced from CNN Money and is intended for informational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any stocks.
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RRC Stock Exhibits Impressive Performance with Strong Financial Results in 2024
RRC, or Range Resources Corporation, exhibited impressive stock performances on January 11, 2024, driven by strong financial results. The data reveals significant growth in total revenue, net income, and earnings per share (EPS) for the company.
Starting with total revenue, RRC reported a total revenue of $5.33 billion over the past year, representing a notable increase of 49.01% compared to the previous year. Furthermore, the company’s total revenue also saw a solid 11.32% increase since the last quarter, reaching $571.33 million.
This growth in total revenue is mirrored by the company’s net income figures. RRC recorded a net income of $1.15 billion over the past year, showcasing a remarkable surge of 187.99% compared to the previous year. Similarly, the net income also experienced a significant increase of 65.13% since the last quarter, amounting to $48.80 million.
The company’s earnings per share (EPS) also witnessed a substantial improvement. RRC reported an EPS of $4.69 over the past year, demonstrating a remarkable increase of 191.39% compared to the previous year. Additionally, the EPS also experienced a notable increase of 63.21% since the last quarter, reaching $0.20.
These impressive financial results indicate that RRC has experienced robust growth and profitability over the past year, as well as a strong performance in the last quarter. The substantial increases in total revenue, net income, and EPS highlight the company’s ability to generate higher sales, improve its bottom line, and deliver value to its shareholders.
The strong stock performances on January 11, 2024, can be attributed to the market’s positive reaction to RRC’s impressive financial results. Investors and analysts may view the significant growth in total revenue, net income, and EPS as positive indicators of the company’s financial health and future prospects.
It is important to note that stock performances can be influenced by various factors, including market conditions, industry trends, and company-specific developments. Therefore, investors should conduct thorough research and analysis before making any investment decisions.
Overall, RRC’s stock performances on January 11, 2024, were highly favorable, driven by the company’s strong financial results. The significant increases in total revenue, net income, and EPS reflect RRC’s ability to generate substantial growth and profitability. As always, investors should exercise caution and consider all relevant factors before making any investment decisions.
