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Analysts Offer Insights on Energy Companies: Range Resources (RRC) and Halliburton (HAL)

Tipranks - Thu Jul 23, 6:14AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Range Resources (RRC) and Halliburton (HAL).

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Range Resources (RRC)

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on Range Resources, with a price target of $42.00. The company’s shares closed last Tuesday at $37.75.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 7.7% and a 56.6% success rate. Sorbara covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Comstock Resources, and Magnolia Oil & Gas. ;'>

Currently, the analyst consensus on Range Resources is a Hold with an average price target of $45.33, which is a 23.6% upside from current levels. In a report issued on July 7, Barclays also maintained a Hold rating on the stock with a $43.00 price target.

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Halliburton (HAL)

RBC Capital analyst Keith Mackey maintained a Buy rating on Halliburton yesterday and set a price target of $45.00. The company’s shares closed last Tuesday at $33.19.

According to TipRanks.com, Mackey is a 5-star analyst with an average return of 25.5% and a 65.4% success rate. Mackey covers the NA sector, focusing on stocks such as Weatherford International, Atlas Energy Solutions, and Baker Hughes Company. ;'>

Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $44.07, which is a 32.2% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $39.00 price target.

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