Range Resources Corporation (NYSE:RRC) went up by 10.39% from its latest closing price compared to the recent 1-year high of $11.60. The company’s stock price has collected 15.94% of gains in the last five trading sessions. Press Release reported 16 hours ago that DEADLINE TODAY: The Schall Law Firm Reminds Investors of Class Action Lawsuit Against Range Resources Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Is It Worth Investing in Range Resources Corporation (NYSE :RRC) Right Now?
Plus, the 36-month beta value for RRC is at 2.67. 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 1 rated the stock as “overweight,” 17 rated it as “hold,” and 5 as “sell.”
The average price from analysts is $11.52, which is $0.83 above the current price. RRC currently public float of 235.66M and currently shorts hold a 12.09% ratio of that float. Today, the average trading volume of RRC was 5.09M shares.
RRC’s Market Performance
RRC stocks went up by 15.94% for the week, with a monthly drop of -1.99% and a quarterly performance of 12.68%, while its annual performance rate touched 78.88%. The volatility ratio for the week stands at 7.32% while the volatility levels for the past 30 days are set at 6.21% for Range Resources Corporation. The simple moving average for the period of the last 20 days is 14.55% for RRC stocks with a simple moving average of 30.42% for the last 200 days.
Analysts’ Opinion of RRC
Goldman, on the other hand, stated in their research note that they expect to see RRC reach a price target of $9. The rating they have provided for RRC stocks is “Sell” according to the report published on March 23rd, 2021.
Wells Fargo gave a rating of “Equal Weight” to RRC, setting the target price at $14 in the report published on March 09th of the current year.
RRC Trading at 8.84% 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 -6.51% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 7.32%, as shares surge +7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.59% upper at present.
During the last 5 trading sessions, RRC rose by +15.94%, which changed the moving average for the period of 200-days by +60.83% in comparison to the 20-day moving average, which settled at $9.50. In addition, Range Resources Corporation saw 61.79% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RRC
Current profitability levels for the company are sitting at:
- -13.36 for the present operating margin
- -3.31 for the gross margin
The net margin for Range Resources Corporation stands at -39.97. The total capital return value is set at -4.58, while invested capital returns managed to touch -13.84. Equity return is now at value -45.50, with -13.40 for asset returns.
Based on Range Resources Corporation (RRC), the company’s capital structure generated 192.57 points at debt to equity in total, while total debt to capital is 65.82. Total debt to assets is 45.99, with long-term debt to equity ratio resting at 188.30. Finally, the long-term debt to capital ratio is 64.36.
When we switch over and look at the enterprise to sales, we see a ratio of 2.68, with the company’s debt to enterprise value settled at 0.66. The receivables turnover for the company is 6.78 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.