Range Resources Corporation (NYSE:RRC) went up by 5.98% from its latest closing price compared to the recent 1-year high of $9.41. The company’s stock price has collected 11.78% of gains in the last five trading sessions. Press Release reported 7 hours ago that U.S. Well Services and Range Resources Corp. Finalize Extension of Electric Frac Contract
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Is It Worth Investing in Range Resources Corporation (NYSE :RRC) Right Now?
Plus, the 36-month beta value for RRC is at 2.94. Opinions of the stock are interesting as 5 analysts out of 28 who provided ratings for Range Resources Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 19 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $8.87, which is $0.57 above the current price. RRC currently public float of 236.23M and currently shorts hold a 16.91% ratio of that float. Today, the average trading volume of RRC was 5.77M shares.
RRC’s Market Performance
RRC stocks went up by 11.78% for the week, with a monthly jump of 12.57% and a quarterly performance of -1.12%, while its annual performance rate touched 65.01%. The volatility ratio for the week stands at 7.29% while the volatility levels for the past 30 days are set at 6.82% for Range Resources Corporation. The simple moving average for the period of the last 20 days is 12.36% for RRC stocks with a simple moving average of 19.84% for the last 200 days.
Analysts’ Opinion of RRC
Morgan Stanley, on the other hand, stated in their research note that they expect to see RRC reach a price target of $7. The rating they have provided for RRC stocks is “Equal-Weight” according to the report published on December 11th, 2020.
Stephens gave a rating of “Overweight” to RRC, setting the target price at $10 in the report published on November 16th of the previous year.
RRC Trading at 12.76% from the 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, the company was unable to rebound, for now settling with -15.30% of loss for the given period.
Volatility was left at 6.82%, however, over the last 30 days, the volatility rate increased by 7.29%, as shares surge +3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.63% upper at present.
During the last 5 trading sessions, RRC rose by +11.78%, which changed the moving average for the period of 200-days by +245.02% in comparison to the 20-day moving average, which settled at $7.11. In addition, Range Resources Corporation saw 18.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RRC starting from FUNK JAMES M, who purchase 25,000 shares at the price of $2.16 back on Mar 27. After this action, FUNK JAMES M now owns 39,000 shares of Range Resources Corporation, valued at $54,000 using the latest closing price.
GRAY STEVEN D, the Director of Range Resources Corporation, purchase 100,000 shares at $2.11 during a trade that took place back on Mar 12, which means that GRAY STEVEN D is holding 150,000 shares at $210,800 based on the most recent closing price.
Stock Fundamentals for RRC
Current profitability levels for the company are sitting at:
- -43.39 for the present operating margin
- -36.65 for the gross margin
The net margin for Range Resources Corporation stands at -66.00. The total capital return value is set at -16.74, while invested capital returns managed to touch -25.51. Equity return is now at value -112.70, with -38.70 for asset returns.
Based on Range Resources Corporation (RRC), the company’s capital structure generated 138.10 points at debt to equity in total, while total debt to capital is 58.00. Total debt to assets is 49.03, with long-term debt to equity ratio resting at 136.91. Finally, the long-term debt to capital ratio is 57.50.
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When we switch over and look at the enterprise to sales, we see a ratio of 1.71, with the company’s debt to enterprise value settled at 0.73. The receivables turnover for the company is 6.81 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
