The stock of Range Resources Corp (RRC) has gone down by -3.50% for the week, with a -1.29% drop in the past month and a -4.68% drop in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are 2.45% for RRC. The simple moving average for the last 20 days is -0.72% for RRC stock, with a simple moving average of 0.93% for the last 200 days.
Is It Worth Investing in Range Resources Corp (NYSE: RRC) Right Now?
The price-to-earnings ratio for Range Resources Corp (NYSE: RRC) is above average at 17.10x. The 36-month beta value for RRC is also noteworthy at 1.89. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 8 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for RRC is 235.09M, and at present, short sellers hold a 5.40% of that float. The average trading volume of RRC on July 23, 2024 was 2.39M shares.
RRC) stock’s latest price update
Range Resources Corp (NYSE: RRC)’s stock price has increased by 2.44 compared to its previous closing price of 32.82. However, the company has seen a -3.50% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-19 that While gas price did not reach the June quarter of 2022 levels of more than $6 per million Btu, increased production may have mitigated the negative impacts on Range Resources’ (RRC) Q2 earnings.
Analysts’ Opinion of RRC
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see RRC reach a price target of $39, previously predicting the price at $36. The rating they have provided for RRC stocks is “Sector Perform” according to the report published on April 26th, 2024.
Scotiabank gave a rating of “Sector Perform” to RRC, setting the target price at $45 in the report published on April 11th of the current year.
RRC Trading at -5.04% 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 -14.52% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares surge +0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.06% lower at present.
During the last 5 trading sessions, RRC fell by -3.50%, which changed the moving average for the period of 200-days by +8.38% in comparison to the 20-day moving average, which settled at $33.87. In addition, Range Resources Corp saw 10.45% 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 4.17. 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
In summary, Range Resources Corp (RRC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
