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Wall Street Analysts Are Neutral on Top Energy Picks

Tipranks - Fri Feb 27, 8:20AM CST

Analysts fell to the sidelines weighing in on Range Resources (RRCResearch Report) and Matador Resources (MTDRResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Range Resources (RRC)

In a report released today, Charles Minervino from Susquehanna maintained a Hold rating on Range Resources, with a price target of $40.00. The company’s shares closed last Wednesday at $39.13.

According to TipRanks.com, Minervino is a 5-star analyst with an average return of 15.5% and a 63.3% success rate. Minervino covers the NA sector, focusing on stocks such as Oil States International, Baker Hughes Company, and Occidental Petroleum. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Range Resources with a $41.12 average price target, which is a 3.4% upside from current levels. In a report released yesterday, TipRanks – Anthropic also downgraded the stock to Hold with a $42.00 price target.

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Matador Resources (MTDR)

In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Matador Resources, with a price target of $52.00. The company’s shares closed last Wednesday at $49.75.

According to TipRanks.com, McDermott is a 5-star analyst with an average return of 12.3% and a 60.1% success rate. McDermott covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Cheniere Energy Partners. ;'>

Currently, the analyst consensus on Matador Resources is a Strong Buy with an average price target of $57.57.

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