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On the Ranger and their playoff chances

A topic that keeps getting brought up is the Rangers and their playoff chances. Currently playing a little bit better than expected, the Rangers sit 7th in the Division with 50 points (23-21-4). They also sit 7th in the Wild Card hunt, in which the top two teams make the playoffs, regardless of division. The Rangers have played much better of late, which is where the playoff chatter stems from. But how realistic are their playoff chances?

Last year, the second wild card team (Columbus) had 98 points. The third place wild card team (Montreal) had 96 points and missed the playoffs.