For today’s bulletin, we take a look at our latest STRONG BUY and BUY upgrades and focus on one of our top upgrades for the day, Range Resources $RRC. We also provide a link to download a FREE STOCK REPORT on the company.
VALUATION WATCH: Overvalued stocks now make up 62.85% of our stocks assigned a valuation and 29.74% of those equities are calculated to be overvalued by 20% or more. Fifteen sectors are calculated to be overvalued.
For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY. They are presented by one-month forecast return. Forward Pharmaceuticals is a STRONG BUY stock. Hudbay Minerals and Range Resources are rated BUY.
| Ticker | Company Name | Market Price | Valuation | Last 12-M Return | 1-M Forecast Return | 1-Yr Forecast Return | P/E Ratio | Sector Name |
| FWP | FORWARD PHARMA | 5.36 | N/A | -82.17% | 1.14% | 13.71% | 182.94% | Medical |
| HBM | HUDBAY MINERALS | 9.1 | 13.44% | 15.92% | 0.51% | 6.15% | 1596.49% | Basic Materials |
| RRC | RANGE RESOURCES | 15.3 | -72.71% | -55.57% | 0.53% | 6.35% | 1296.61% | Oils-Energy |
For today’s bulletin, we take a look at Range Resources Corporation (RRC) is a leading U.S. independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachia Basin and Northern Louisiana. Range Resources Corporation’s strategy to achieve business objective is to increase reserves and production through internally generated drilling projects coupled with occasional complementary acquisitions and divestitures of non-core assets. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.
Range Resources took a hot last week, and it appears that our models may now see a buying opportunity. Investors dumped the stock after the company released a new five-year outlook. Shareholders did not like news that the company had cut its outlook for production while at the same time noting that the company was lagging the projected growth of rivals. In addition, their debt levels may be a drag compared to competitors.
Below is our latest data for Range Resources Corporation:
ValuEngine updated its recommendation from HOLD to BUY for RANGE RESOURCES on 2018-01-26. Based on the information we have gathered and our resulting research, we feel that RANGE RESOURCES has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Book Market Ratio and P/E Ratio.
You can download a free copy of detailed report on Range Resources Corporation (RRC) from the link below.
| ValuEngine Forecast | ||
| Target Price* |
Expected Return |
|
|---|---|---|
| 1-Month | 15.38 | 0.53% |
| 3-Month | 15.16 | -0.89% |
| 6-Month | 14.39 | -5.95% |
| 1-Year | 16.27 | 6.35% |
| 2-Year | 13.98 | -8.60% |
| 3-Year | 14.02 | -8.37% |
| Valuation & Rankings | |||
| Valuation | 72.71% undervalued | Valuation Rank(?) | 98 |
| 1-M Forecast Return | 0.53% | 1-M Forecast Return Rank | 85 |
| 12-M Return | -55.57% | Momentum Rank(?) | 1 |
| Sharpe Ratio | -0.66 | Sharpe Ratio Rank(?) | 11 |
| 5-Y Avg Annual Return | -26.07% | 5-Y Avg Annual Rtn Rank | 18 |
| Volatility | 39.52% | Volatility Rank(?) | 42 |
| Expected EPS Growth | -32.20% | EPS Growth Rank(?) | 6 |
| Market Cap (billions) | 2.58 | Size Rank | 73 |
| Trailing P/E Ratio | 12.97 | Trailing P/E Rank(?) | 88 |
| Forward P/E Ratio | 19.12 | Forward P/E Ratio Rank | 41 |
| PEG Ratio | n/a | PEG Ratio Rank | n/a |
| Price/Sales | 1.18 | Price/Sales Rank(?) | 67 |
| Market/Book | 0.66 | Market/Book Rank(?) | 90 |
| Beta | 0.94 | Beta Rank | 43 |
| Alpha | -0.87 | Alpha Rank | 4 |
DOWNLOAD A FREE SAMPLE OF OUR RANGE RESOURCES (RRC) REPORT BY CLICKING HERE
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