Range Resources Corporation (RRC, Financial) has announced its first-quarter financial results, reporting revenues of $791.92 million, surpassing analysts' expectations of $784.07 million. This performance marks a strong beginning to 2025 for the natural gas producer.
The company attributes its success to efficient operations and consistent performance from its wells, which have contributed to robust free cash flow. This financial strength has allowed Range Resources to enhance returns to shareholders while also reinforcing its financial foundation.
With an increase in demand for natural gas and natural gas liquids (NGLs), the company is strategically positioned to capitalize on new opportunities within the market. Range Resources' growing inventory of projects, consistent well outcomes, and valuable long-life assets highlight its potential for sustainable growth over the coming decades.
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 25.15% from the current price of $33.29. 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 16.4% from the current price of $33.29. 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.
