The price-to-earnings ratio for Range Resources Corp (NYSE: RRC) is above average at 10.22x, Company’s 36-month beta value is 1.88.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 7.22% ratio of that floaft. The average trading volume of RRC on April 10, 2024 was 2.63M shares.
RRC) stock’s latest price update
Range Resources Corp (NYSE: RRC)’s stock price has plunge by 0.98relation to previous closing price of 35.85. Nevertheless, the company has seen a 3.43% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-05 that FORT WORTH, Texas, April 05, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its first quarter 2024 financial results news release will be issued Tuesday, April 23 after the close of trading on the New York Stock Exchange.
RRC’s Market Performance
Range Resources Corp (RRC) has experienced a 3.43% rise in stock performance for the past week, with a 9.33% rise in the past month, and a 17.38% rise in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 2.14% for RRC. The simple moving average for the past 20 days is 7.71% for RRC’s stock, with a 14.26% 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 14.25% 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 -4.44% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares surge +10.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.11% upper at present.
During the last 5 trading sessions, RRC rose by +3.43%, which changed the moving average for the period of 200-days by +25.83% in comparison to the 20-day moving average, which settled at $33.78. In addition, Range Resources Corp saw 18.92% 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 4.05. 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
In a nutshell, Range Resources Corp (RRC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
