Range Resources Corporation (NYSE:RRC) went down by -4.14% from its latest closing price when compared to the 1-year high value of $18.59 and move down -371.83%, while RRC stocks collected -2.23% of loss with the last five trading sessions. Barron's reported on 08/19/19 that Buy Chevron Because It Has Plenty of Cash to Return, Analyst Says
Range Resources Corporation (NYSE:RRC) Worth an Investment?
Range Resources Corporation (NYSE: RRC) The 36 Months beta value for RRC stocks is at 1.07, while 10 of the analysts out of 30 who provided ratings for Range Resources Corporation stocks as a “buy” while 1 as overweight, 16 rated it as hold and 2 as sell. The average price we get from analysts is $8.60 which is $5.42 above current price. RRC currently has a short float of 26.22% and public float of 247.99M with average trading volume of 10.50M shares.
RRC Market Performance
RRC stocks went down by -2.23% for the week, with the monthly drop of -29.14% and a quarterly performance of -49.29%, while its annual performance rate touched -75.00%. The simple moving average for the period of the last 20 days is -14.93% for RRC stocks with the simple moving average of -59.69% for the last 200 days.
Analysts’ Opinion on Range Resources Corporation (NYSE:RRC)
Many brokerage firms have already submitted their reports for RRC stocks, with MKM Partners repeating the rating for RRC shares by setting it to “Buy”. The predicted price for RRC socks in the upcoming period according to MKM Partners is $6 based on the research report published on August 19, 2019.
Jefferies, on the other hand, stated in their research note that they expect to see RRC stock at the price of $7, previously predicting the value of $17. The rating they have provided for RRC stocks is “Hold” according to the report published on July 15, 2019.
Guggenheim gave “ Neutral” rating to RRC stocks, setting the target price at $7 in the report published on April 25, 2019.
RRC Stocks -30.03% Far from 50 Day Moving Average
After a stumble in the market that brought RRC to its low price for the period of the last 52 weeks, Range Resources Corporation was unable to take a rebound, for now settling with -78.81% of loss for the given period.
The stock volatility was left at 9.28%, however, within the period of a single month, the volatility rate increased by 9.28%, while the shares sank at the distance of -23.20% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -40.12% lower at the present time.
In the course of the last 5 trading sessions, RRC went down by -2.23%, which changed the moving average for the period of 200 days to the total of -75.96% of losses for the stock in comparison to the 20-day moving average settled at $4.57. In addition, Range Resources Corporation saw -58.83% in overturn over the period of a single year with a tendency to cut further losses.
RRC Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Range Resources Corporation (RRC), starting from Scucchi Mark, who bought 12,955 shares at the price of $4.36 back on Aug 12. After this action, Rushing now owns 25,476 shares of Range Resources Corporation, valued at $56,482 with the latest closing price.
Scucchi Mark, the SVP & CFO of Range Resources Corporation, bought 9,483 shares at the value of $5.27 during a trade that took place back on Aug 01, which means that Scucchi Mark is holding 13,213 shares at the value of $49,976 based on the most recent closing price.
RRC Stock Fundamentals
The current profitability levels are settled at +4.96 for the present operating margin and +10.49 for gross margin. The net margin for Range Resources Corporation stands at -52.39. Total capital return value is set at 1.86, while invested capital returns managed to touch -19.65. Equity return holds the value -35.30%, with -15.60% for asset returns.
Based on Range Resources Corporation (RRC), the company’s capital structure generated 94.52 points for debt to equity in total, while total debt to capital is set at the value of 48.59. Total debt to assets is settled at the value of 39.52 with long-term debt to equity ratio rests at 94.52 and long-term debt to capital is 48.59.
EBITDA value lies at +160.70 M with total debt to EBITDA carrying the value of 2.87. The value for Enterprise to Sales is 1.48 with debt to enterprise value settled at 0.62. The receivables turnover for Range Resources Corporation is 7.94 with the total asset turnover at the value of 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.