As Range Resources (RRC, Financial) prepares to disclose its earnings, options trading activity is reflecting heightened market interest. Currently, there is a notable predominance of call options over puts, with a ratio of 9:4. This indicates that traders are more inclined to bet on a positive move in the stock price.
Implied volatility metrics suggest that the market is bracing for a significant price swing of around 4.7%, equivalent to $1.56, once the quarterly results are announced. This anticipated movement surpasses the median stock price fluctuation of 3.0% observed over the past eight quarters following earnings reports. Investors are closely watching the upcoming release, expecting it to potentially influence the trading dynamics of RRC.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Range Resources Corp (RRC, Financial) is $41.66 with a high estimate of $55.00 and a low estimate of $22.55. The average target implies an upside of 24.74% from the current price of $33.40. More detailed estimate data can be found on the Range Resources Corp (RRC) Forecast page.
Based on the consensus recommendation from 27 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 $27.83, suggesting a downside of 16.68% from the current price of $33.4. 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.
