The stock of Range Resources Corp (RRC) has seen a -5.31% decrease in the past week, with a 1.42% gain in the past month, and a -10.68% decrease in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.67% for RRC. The simple moving average for the past 20 days is -3.54% for RRC’s stock, with a -7.97% simple moving average for the past 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 15.27x. The 36-month beta value for RRC is also noteworthy at 1.80. 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.”
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The public float for RRC is 234.37M, and at present, short sellers hold a 5.21% of that float. The average trading volume of RRC on October 15, 2024 was 2.05M shares.
RRC) stock’s latest price update
The stock price of Range Resources Corp (NYSE: RRC) has dropped by -2.09 compared to previous close of 30.58. Despite this, the company has seen a fall of -5.31% in its stock price over the last five trading days. zacks.com reported 2024-10-15 that Range Resources (RRC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of RRC
Many brokerage firms have already submitted their reports for RRC stocks, with Barclays repeating the rating for RRC by listing it as a “Equal Weight.” The predicted price for RRC in the upcoming period, according to Barclays is $34 based on the research report published on October 02, 2024 of the current year 2024.
Wells Fargo, 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 $35. The rating they have provided for RRC stocks is “Overweight” according to the report published on October 01st, 2024.
Scotiabank gave a rating of “Sector Outperform” to RRC, setting the target price at $45 in the report published on August 20th of the current year.
RRC Trading at -0.68% 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 -23.87% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +1.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.61% upper at present.
During the last 5 trading sessions, RRC fell by -5.34%, which changed the moving average for the period of 200-days by -2.92% in comparison to the 20-day moving average, which settled at $31.04. In addition, Range Resources Corp saw -1.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RRC starting from Kavanaugh Ashley, who sale 12,700 shares at the price of $31.45 back on Sep 23 ’24. After this action, Kavanaugh Ashley now owns 9,670 shares of Range Resources Corp, valued at $399,390 using the latest closing price.
Ashley Kavanaugh, the Officer of Range Resources Corp, proposed sale 12,700 shares at $31.45 during a trade that took place back on Sep 23 ’24, which means that Ashley Kavanaugh is holding shares at $399,391 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 0.06. Equity return is now at value 13.10, with 6.76 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 0.48. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 3.87.
Currently, EBITDA for the company is 898.76 million with net debt to EBITDA at 2.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 11.34for 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 0.58.
Conclusion
In summary, Range Resources Corp (RRC) has had a bad 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.
