The stock of Range Resources Corp (RRC) has seen a -0.90% decrease in the past week, with a -7.48% drop in the past month, and a -2.43% decrease in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 2.87% for RRC.. The simple moving average for the past 20 days is -3.11% for RRC’s stock, with a 3.03% simple moving average for the past 200 days.
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 17.37x. 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.”
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The public float for RRC is 235.09M, and at present, short sellers hold a 5.28% of that float. On July 03, 2024, the average trading volume of RRC was 2.41M shares.
RRC) stock’s latest price update
The stock of Range Resources Corp (NYSE: RRC) has increased by 2.18 when compared to last closing price of 33.42.Despite this, the company has seen a loss of -0.90% in its stock price over the last five trading days. zacks.com reported 2024-06-06 that Considering the significant contributions of natural gas to electricity generation in the United States, Antero Resources (AR), Range Resources (RRC) and EQT are well poised to gain.
Analysts’ Opinion of RRC
Many brokerage firms have already submitted their reports for RRC stocks, with RBC Capital Mkts repeating the rating for RRC by listing it as a “Sector Perform.” The predicted price for RRC in the upcoming period, according to RBC Capital Mkts is $39 based on the research report published on April 26, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see RRC reach a price target of $45. The rating they have provided for RRC stocks is “Sector Perform” according to the report published on April 11th, 2024.
Barclays gave a rating of “Underweight” to RRC, setting the target price at $35 in the report published on April 10th of the current year.
RRC Trading at -5.32% 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 -13.17% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.18% lower at present.
During the last 5 trading sessions, RRC fell by -0.90%, which changed the moving average for the period of 200-days by +2.68% in comparison to the 20-day moving average, which settled at $35.11. In addition, Range Resources Corp saw 12.19% 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 Spiller Reginal, who sale 1,460 shares at the price of $38.68 back on May 21 ’24. After this action, Spiller Reginal now owns 15,253 shares of Range Resources Corp, valued at $56,468 using the latest closing price.
Degner Dennis, the Chief Executive Officer & Pres of Range Resources Corp, sale 101,000 shares at $37.78 during a trade that took place back on May 17 ’24, which means that Degner Dennis is holding 198,154 shares at $3,815,780 based on the most recent closing price.
Stock Fundamentals for RRC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.25 for the gross margin
The net margin for Range Resources Corp stands at 0.21. The total capital return value is set at 0.05. Equity return is now at value 13.34, with 6.68 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 0.45. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 2.84.
Currently, EBITDA for the company is 898.76 million with net debt to EBITDA at 2.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.22. The receivables turnover for the company is 13.32for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
To sum up, Range Resources Corp (RRC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
