In the past week, RRC stock has gone up by 1.61%, with a monthly decline of -2.86% and a quarterly surge of 13.85%. The volatility ratio for the week is 3.36%, and the volatility levels for the last 30 days are 2.95% for Range Resources Corp The simple moving average for the last 20 days is 0.14% for RRC’s stock, with a simple moving average of 4.38% for the last 200 days.
Is It Worth Investing in Range Resources Corp (NYSE: RRC) Right Now?
Range Resources Corp (NYSE: RRC) has a higher price-to-earnings ratio of 17.62x compared to its average ratio. RRC has 36-month beta value of 1.83. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 2 as “sell.”
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The public float for RRC is 238.13M, and currently, short sellers hold a 6.92% ratio of that float. The average trading volume of RRC on December 26, 2024 was 2.28M shares.
RRC) stock’s latest price update
Range Resources Corp (NYSE: RRC)’s stock price has gone rise by 1.46 in comparison to its previous close of 34.20, however, the company has experienced a 1.61% increase in its stock price over the last five trading days. zacks.com reported 2024-12-06 that RRC boasts decades of low-risk drilling inventory in Appalachia, strengthening its production outlook. However, the stock is exposed to gas price volatility.
Analysts’ Opinion of RRC
Many brokerage firms have already submitted their reports for RRC stocks, with UBS repeating the rating for RRC by listing it as a “Neutral.” The predicted price for RRC in the upcoming period, according to UBS is $35 based on the research report published on December 09, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see RRC reach a price target of $34. The rating they have provided for RRC stocks is “Neutral” according to the report published on October 28th, 2024.
Barclays gave a rating of “Equal Weight” to RRC, setting the target price at $34 in the report published on October 02nd of the current year.
RRC Trading at 4.54% 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 -11.77% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares sank -3.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.47% upper at present.
During the last 5 trading sessions, RRC rose by +1.61%, which changed the moving average for the period of 200-days by +6.18% in comparison to the 20-day moving average, which settled at $34.65. In addition, Range Resources Corp saw 13.99% 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 2,800 shares at the price of $34.24 back on Nov 11 ’24. After this action, Spiller Reginal now owns 12,453 shares of Range Resources Corp, valued at $95,872 using the latest closing price.
Griffie Charles G., the Director of Range Resources Corp, purchase 1,275 shares at $31.46 during a trade that took place back on Oct 24 ’24, which means that Griffie Charles G. is holding 5,921 shares at $40,112 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
- 0.24 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 13.03, with 6.76 for asset returns.
Based on Range Resources Corp (RRC), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 3.86.
Currently, EBITDA for the company is 1.62 billion with net debt to EBITDA at 1.45. When we switch over and look at the enterprise to sales, we see a ratio of 4.26. The receivables turnover for the company is 12.86for 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 0.54.
Conclusion
To put it simply, Range Resources Corp (RRC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
