We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Surging Earnings Estimates Signal Good News for Range Resources (RRC)
Read MoreHide Full Article
Range Resources Corporation (RRC - Free Report) is a leading independent oil and natural gas producer company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RRC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Range Resources could be a solid choice for investors.
Current Quarter Estimates for RRC
In the past 30 days, four estimates have gone higher for Range Resources while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 36 cents a share 30 days ago, to 42 cents today, a move of 16.7%.
Current Year Estimates for RRC
Meanwhile, Range Resources’ current year figures are also looking quite promising, with seven estimate moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 85 cents a share 30 days ago, to 99 cents today, an increase of 16.5%.
The stock has also started to move higher lately, adding 8.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Surging Earnings Estimates Signal Good News for Range Resources (RRC)
Range Resources Corporation (RRC - Free Report) is a leading independent oil and natural gas producer company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RRC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Range Resources could be a solid choice for investors.
Current Quarter Estimates for RRC
In the past 30 days, four estimates have gone higher for Range Resources while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 36 cents a share 30 days ago, to 42 cents today, a move of 16.7%.
Current Year Estimates for RRC
Meanwhile, Range Resources’ current year figures are also looking quite promising, with seven estimate moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 85 cents a share 30 days ago, to 99 cents today, an increase of 16.5%.
Range Resources Corporation Price and Consensus
Range Resources Corporation Price and Consensus | Range Resources Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 8.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>