The Range Resources Corporation (NYSE:RRC) is going down by -3.67% in today’s trading session, a fall equivalent to -0.19% of the stock’s price from yesterday’s market close. A news came out on 09/17/19 stating that These oil stocks rise the most after supply disruption in the Middle East by MARKETWATCH. The lowest point that the shares touched during the trading session was $4.8781, while the peak of the day was recorded at a share price of $5.61. RRC finished the previous session at $5.18 according to the data provided by Barchart, while the trading volume was observed to be $4,997,678.
In the 100 days of trading, RRC managed to top a 6.25% Moving average. Additionally, Range Resources Corporation shares have achieved a 52-week range between 3.36 and 18.59 alongside 100 days raw stochastic set at 26.95%.
The number of shares outstanding, according to the fundamentals of the company, is set at 237.80M, equal to the value of $1.23B in market capitalization. In the last 30 days, Range Resources Corporation shares went down by -12.24%, adding 5.76 to growth in value, on top of a +50.45% boost since 08/16/19.
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 -26.25% YOY.
According to the average analyst rating, Range Resources Corporation would be rated as Hold. Out of 30 different analysts monitoring RRC stock, 9 analysts rate the stock as a BUY, 17 suggest to give the rating of HOLD, 1 indicate that RRC is an OVERWEIGHT, 2 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
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 1.08. Additionally, Range Resources Corporation is recording price volatility of 13.54% for the period of the last seven days and 10.53% 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 53.47% 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 70.62%. Stochastic %K for Range Resources Corporation, with the last 20 days included, was set at 73.96%, having Stochastic %D topping 71.45%. 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 -45.87% in metrics.
Range Resources Corporation Insider Watch:
Similarly, 111.19% of the company’s float is held by institutions – and there are 484 institutions in total holding shares of this company. The top three institutional holders of RRC stocks are: SailingStone Capital Partners LLC with ownership of $282.43 million, which is approximately 40,462,102 of the company’s shares; Vanguard Group, Inc. (The), holding 24,971,010 shares of the stock with an approximate value of $174.3 million; and Blackrock Inc., currently with more than 19,504,968 shares of the company valued at $136.14 million. Positions in Range Resources Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 22 insider purchases amounting to 775,556 shares. Similarly, there were 2 sale transactions amounting to 8,969 shares, with the net shares purchased during the last six months reaching 766,587. Total insider shares held are about 3.45M shares during the last six-month period, amounting to 28.50% of net shares purchased.