In a recent update, Piper Sandler analyst Mark Lear has made noteworthy changes regarding the stock of Range Resources (RRC, Financial). On May 13, 2025, Piper Sandler maintained its "Neutral" rating for Range Resources. However, the analyst raised the company's price target from $32.00 to $40.00, a notable increase of 25%.
The revised price target reflects a growing confidence in Range Resources' ability to enhance its market position. Despite the unchanged "Neutral" rating, the updated price target indicates an improved outlook on the company's future performance.
Range Resources (RRC, Financial) continues to be a focal point for investors, considering Piper Sandler's recent adjustments to the company's valuation. The stock's price target increase from $32.00 to $40.00 suggests potential opportunities for stakeholders while maintaining a balanced approach with its current rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Range Resources Corp (RRC, Financial) is $40.56 with a high estimate of $49.00 and a low estimate of $22.55. The average target implies an upside of 0.67% from the current price of $40.30. More detailed estimate data can be found on the Range Resources Corp (RRC) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Range Resources Corp's (RRC, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Range Resources Corp (RRC, Financial) in one year is $29.37, suggesting a downside of 27.11% from the current price of $40.295. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Range Resources Corp (RRC) Summary page.
