The Range Resources Corporation (NYSE:RRC) is going down by -2.25% in today’s trading session, a fall equivalent to -0.09% of the stock’s price from yesterday’s market close. A news came out on 11/14/19 stating that Oil Prices Are Steady. Why Are Risky Energy Companies Unpopular as Ever? by BARRONS. The lowest point that the shares touched during the trading session was $3.74, while the peak of the day was recorded at a share price of $4.17. RRC finished the previous session at $3.78 according to the data provided by Barchart, while the trading volume was observed to be $3771015.
In the 100 days of trading, RRC managed to top a 4.49% Moving average. Additionally, Range Resources Corporation shares have achieved a 52-week range between 3.26 and 17.38 alongside 100 days raw stochastic set at 16.05%.
The number of shares outstanding, according to the fundamentals of the company, is set at 240.14M, equal to the value of $907.73M in market capitalization. In the last 30 days, Range Resources Corporation shares went down by -26.25%, adding 5.01 to growth in value, on top of a +5.87% boost since 10/18/19.
Range Resources Corporation (NYSE:RRC) Analyst’s Estimates
Range Resources Corporation (RRC) could record at least $0.01 per share in quarterly earnings in the upcoming report on 03/03/2020, a number that would actually represent an increase of 0.05 YOY.
According to the average analyst rating, Range Resources Corporation would be rated as Hold. Out of 28 different analysts monitoring RRC stock, 8 analysts rate the stock as a BUY, 16 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 October 24, 2019, the stock earned a Reiterated rating due to a new analyst call from BofA/Merrill, while analysts from Credit Suisse believe that the stock is set at Neutral from Outperform, as concluded on October 04, 2019. Ladenburg Thalmann, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on August 26, 2019.
Regardless of the rating, MKM Partners did increase their price to $6 as they are considering target share price analysis. Jefferies, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 15, 2019, 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 1.04. Additionally, Range Resources Corporation is recording price volatility of 7.28% for the period of the last seven days and 8.94% 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 17.40% 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 13.49%. Stochastic %K for Range Resources Corporation, with the last 20 days included, was set at 27.08%, having Stochastic %D topping 35.27%. 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 -60.50% 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 $115.44 million, which is approximately 30219640 of the company’s shares; Blackrock Inc., holding 26095391 shares of the stock with an approximate value of $99.68 million; and Vanguard Group, Inc. (The), currently with more than 25644709 shares of the company valued at $97.96 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 16 insider purchases amounting to 264820 shares. Similarly, there were 2 sale transactions amounting to 8969 shares, with the net shares purchased during the last six months reaching 255,851.