Range Resources Corporation (NYSE:RRC) went up by 6.64% from its latest closing price compared to the recent 1-year high of $17.73. The company’s stock price has collected 7.13% of gains in the last five trading sessions. Barron’s reported on 08/29/21 that Natural Gas Soars and Investors Are Starting to Believe
Is It Worth Investing in Range Resources Corporation (NYSE :RRC) Right Now?
Plus, the 36-month beta value for RRC is at 2.65.
RRC currently public float of 235.00M and currently shorts hold a 15.37% ratio of that float. Today, the average trading volume of RRC was 4.67M shares.
RRC’s Market Performance
RRC stocks went up by 7.13% for the week, with a monthly jump of 27.20% and a quarterly performance of 19.94%, while its annual performance rate touched 168.46%. The volatility ratio for the week stands at 4.42% while the volatility levels for the past 30 days are set at 5.41% for Range Resources Corporation. The simple moving average for the period of the last 20 days is 24.95% for RRC stocks with a simple moving average of 58.88% for the last 200 days.
Analysts’ Opinion of RRC
Credit Suisse, on the other hand, stated in their research note that they expect to see RRC reach a price target of $16, previously predicting the price at $8. The rating they have provided for RRC stocks is “Neutral” according to the report published on July 19th, 2021.
MKM Partners gave a rating of “Buy” to RRC, setting the target price at $20 in the report published on July 08th of the current year.
RRC Trading at 21.95% 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 able to rebound, for now settling with 4.20% of gains for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares surge +34.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.81% upper at present.
During the last 5 trading sessions, RRC rose by +7.13%, which changed the moving average for the period of 200-days by +131.16% in comparison to the 20-day moving average, which settled at $15.02. In addition, Range Resources Corporation saw 175.67% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RRC starting from Ginn Dori, who sale 25,328 shares at the price of $14.01 back on May 20. After this action, Ginn Dori now owns 336,072 shares of Range Resources Corporation, valued at $354,845 using the latest closing price.
Poole David P, the SVP & General Counsel of Range Resources Corporation, sale 36,986 shares at $14.01 during a trade that took place back on May 20, which means that Poole David P is holding 762,722 shares at $518,174 based on the most recent closing price.
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 -51.80, with -13.70 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.