Range Resources Corp (NYSE: RRC) has a higher price-to-earnings ratio of 18.49x compared to its average ratio, The 36-month beta value for RRC is at 1.83. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for RRC is 238.13M, and currently, shorts hold a 6.92% of that float. The average trading volume for RRC on December 31, 2024 was 2.22M shares.
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RRC) stock’s latest price update
Range Resources Corp (NYSE: RRC)’s stock price has soared by 4.66 in relation to previous closing price of 34.79. Nevertheless, the company has seen a gain of 9.73% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-30 that The shale boom is fading, but I see massive potential in energy’s next phase. I’m focusing on strategic picks positioned for long-term growth. My favorite energy investments are built to thrive in shifting markets. They balance innovation, strong cash flow, and reliable dividends. Looking ahead to 2025 and beyond, I’m excited about these picks. They represent the future of energy and align perfectly with my investment strategy.
RRC’s Market Performance
Range Resources Corp (RRC) has seen a 9.73% rise in stock performance for the week, with a 2.30% gain in the past month and a 18.37% surge in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.98% for RRC. The simple moving average for the past 20 days is 5.35% for RRC’s stock, with a 9.38% simple moving average for the past 200 days.
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 8.63% 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 -7.42% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +1.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.89% upper at present.
During the last 5 trading sessions, RRC rose by +9.73%, which changed the moving average for the period of 200-days by +13.25% in comparison to the 20-day moving average, which settled at $34.56. In addition, Range Resources Corp saw 19.61% 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 4.44. 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
In conclusion, Range Resources Corp (RRC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
