Range Resources (NYSE) Shares Experience Positive Movement on Analyst Upgrade

October 23, 2024 12:34 PM PDT | By Team Kalkine Media

Google News:

Range Resources (NYSE) Shares Experience Positive Movement on Analyst Upgrade — Image source: Shutterstock

Recent News

Itoolab Anygo Launches Auto Catch Pokémon Go Plus+ Feature ‘Go Catcher...

Mocpogo Pokémon Go Spoofer Launches ‘Go Catcher’ – Auto Catch Without...

UK factories report steeper decline in orders for June 2025

Stably introduces stablecoin development, advisory services for instit...

Headlines

Analyst upgrades boost Range Resources shares.

Current trading reflects increased interest.

Recent ratings indicate mixed analyst opinions.

Range Resources Co. (NYSE:RRC) saw its stock price rise significantly ahead of trading on Wednesday following an upgrade from Stephens, which adjusted their price target on the stock to a higher level. Previously closing at a lower price, shares opened noticeably higher, reflecting increased market interest. The last trading price for Range Resources stood at a competitive level, with substantial trading volume recorded, indicating strong activity.

Several research analysts have provided insights on RRC. The Goldman Sachs Group adjusted their price objective, lowering it slightly while maintaining a neutral outlook. Morgan Stanley also revised their target downward but maintained a cautious stance on the stock. In contrast, the Royal Bank of Canada reiterated their sector performance rating, setting a positive target for the stock's future.

Additionally, Barclays shifted their view on Range Resources, moving from a less favorable rating to a more neutral stance, accompanied by a slight adjustment to their price objective. Wells Fargo made a more optimistic move by upgrading Range Resources and increasing their price target significantly, reflecting confidence in the company's potential.

The opinions among analysts have varied, with some rating the stock less favorably, while others express a more positive outlook. Overall, the company's performance reflects a consensus rating from analysts, highlighting mixed sentiments about future performance.

As Range Resources continues to navigate these analyst ratings and market dynamics, investors may look to its resilience in the face of changing evaluations. The company’s strategies and market positioning will be crucial in shaping its future trajectory, providing a focal point for continued observation.

With analysts divided in their assessments, Range Resources remains a point of interest for those tracking developments in the energy sector.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.