The stock price of Range Resources Corp (NYSE: RRC) has surged by 0.55 when compared to previous closing price of 34.81, but the company has seen a 4.67% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-22 that Range Resources’ (RRC) fourth-quarter earnings gain from higher production and lower total costs and expenses. However, declining realized commodity prices offset the positive.
Is It Worth Investing in Range Resources Corp (NYSE: RRC) Right Now?
Range Resources Corp (NYSE: RRC) has a price-to-earnings ratio that is above its average at 9.88x. The stock has a 36-month beta value of 1.89. Opinions on the stock are mixed, with 16 analysts rating it as a “buy,” 8 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for RRC is 234.41M, and at present, short sellers hold a 7.22% of that float. On April 03, 2024, the average trading volume of RRC was 2.65M shares.
RRC’s Market Performance
RRC’s stock has seen a 4.67% increase for the week, with a 8.90% rise in the past month and a 14.98% gain in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are at 2.16% for Range Resources Corp The simple moving average for the past 20 days is 6.08% for RRC’s stock, with a 11.11% simple moving average for the past 200 days.
Analysts’ Opinion of RRC
Wells Fargo, on the other hand, stated in their research note that they expect to see RRC reach a price target of $32, previously predicting the price at $40. The rating they have provided for RRC stocks is “Equal Weight” according to the report published on December 14th, 2023.
JP Morgan gave a rating of “Underweight” to RRC, setting the target price at $32 in the report published on December 06th of the previous year.
RRC Trading at 12.46% 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 -7.60% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +8.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.85% upper at present.
During the last 5 trading sessions, RRC rose by +4.67%, which changed the moving average for the period of 200-days by +33.95% in comparison to the 20-day moving average, which settled at $33.13. In addition, Range Resources Corp saw 14.98% 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 Ginn Dori, who sale 25,000 shares at the price of $37.23 back on Nov 03 ’23. After this action, Ginn Dori now owns 60,804 shares of Range Resources Corp, valued at $930,750 using the latest closing price.
Ginn Dori, the SVP, Principal Accting Officer of Range Resources Corp, sale 25,000 shares at $37.35 during a trade that took place back on Nov 02 ’23, which means that Ginn Dori is holding 85,804 shares at $933,750 based on the most recent closing price.
Stock Fundamentals for RRC
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.31 for the gross margin
The net margin for Range Resources Corp stands at 0.34. The total capital return value is set at 0.08. Equity return is now at value 25.73, with 11.39 for asset returns.
Based on Range Resources Corp (RRC), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 4.21.
Currently, EBITDA for the company is 898.76 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 3.94. The receivables turnover for the company is 9.03for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To sum up, Range Resources Corp (RRC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
