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Market Has Not Yet Noticed Potential in Range Resources (RRC); Have You?
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It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Range Resources Corporation (RRC - Free Report) . This Oil and Gas - Exploration and Production - United Statesstock has actually seen estimates rise over the past month for the current fiscal year by about 7.3%. But that is not yet reflected in its price, as the stock lost 1.9% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s significant expected earnings growth over the prior year should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Range Resources. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for RRC and that now might be an interesting buying opportunity.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Market Has Not Yet Noticed Potential in Range Resources (RRC); Have You?
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Range Resources Corporation (RRC - Free Report) . This Oil and Gas - Exploration and Production - United Statesstock has actually seen estimates rise over the past month for the current fiscal year by about 7.3%. But that is not yet reflected in its price, as the stock lost 1.9% over the same time frame.
Range Resources Corporation Price and Consensus
Range Resources Corporation Price and Consensus | Range Resources Corporation Quote
You should not be concerned about the price remaining muted going forward. This year’s significant expected earnings growth over the prior year should ultimately translate into price appreciation.
And if this isn’t enough, RRC currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Range Resources. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for RRC and that now might be an interesting buying opportunity.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>