The Range Resources Corporation (NYSE:RRC) is going down by -7.16% in today’s trading session, a fall equivalent to -0.27% of the stock’s price from yesterday’s market close. A news came out 6 hours ago stating that Range Declares Quarterly Dividend by WSJ. The lowest point that the shares touched during the trading session was $3.52, while the peak of the day was recorded at a share price of $3.86. RRC finished the previous session at $3.77 according to the data provided by Barchart, while the trading volume was observed to be $4,848,127.
In the 100 days of trading, RRC managed to top a 6.91% Moving average. Additionally, Range Resources Corporation shares have achieved a 52-week range between 3.39 and 18.59 alongside 100 days raw stochastic set at 1.73%.
The number of shares outstanding, according to the fundamentals of the company, is set at 263.40M, equal to the value of $993.02M in market capitalization. Financial analysts indicate that RRC shares should be still ranked as a “Hold”. In the last 30 days, Range Resources Corporation shares went down by -41.08%, adding 5.94 to growth in value, on top of a +3.24% boost since 07/30/19.
Range Resources Corporation (NYSE:RRC) Analyst’s Estimates
Range Resources Corporation (RRC) could record at least -$0.06 per share in quarterly earnings in the upcoming report on 10/22/2019, a number that would actually represent a decrease of -20.23% YOY.
According to the average analyst rating, Range Resources Corporation would be rated as 2.63. Out of 30 different analysts monitoring RRC stock, 3 analysts rate the stock as a BUY, 16 suggest to give the rating of HOLD, 8 indicate that RRC is an OUTPERFORM, 0 rated the stock as a SELL, and 3 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-26-19, the stock earned a Downgrade rating due to a new analyst call from Ladenburg Thalmann, while analysts from MKM Partners believe that the stock is set at Buy from Neutral, as concluded on Aug-19-19. Jefferies, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Jul-15-19.
TD Securities, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Feb-27-19, giving the stock a Hold from the Buy rating.
RRC Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +10.49% has been attained, while the operating margin has been recorded at +4.96%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -16.30%. Beta value of the stock is recorded at 1.01. Additionally, Range Resources Corporation is recording price volatility of 7.34% for the period of the last seven days and 8.19% in the last 30 days.
Range Resources Corporation (NYSE:RRC) Technical Outlook
For the period of the last 50 days, Range Resources Corporation had its Raw Stochastic average set at 2.86% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 7.63%. Stochastic %K for Range Resources Corporation, with the last 20 days included, was set at 11.37%, having Stochastic %D topping 8.05%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Range Resources Corporation stocks with recording -76.64% in metrics.
Range Resources Corporation Insider Watch:
As far as the position of shares issued by Range Resources Corporation (NYSE:RRC) for the period concluded at the market close of 08/29/19, 197 institutional investors increased their positions in RRC shares by 51,535,257, 155 decreased positions by 33,076,543 and 58 institutional investors decided to hold positions at 209,177,219. These numbers put the complete list of institutional holdings set at 293,789,019 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 61 institutional investments with 14,061,958 new shares in addition to having 54 institutional investors selling their positions in 18,401,541 shares.