Range Resources Corp (RRC) concluded trading on 12/06/23 at a closing price of $29.58, with 4.83 million shares of worth about $142.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.92% during that period and on Wednesday the price saw a loss of about -5.59%. Currently the company’s common shares owned by public are about 238.89M shares, out of which, 234.11M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 29 analysts are covering the RRC stock and their offered price forecasts bring an average price target of $37.22. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $49.00 and could fall to a lowest price of $21.00. The stock’s current price level is 20.53% above of average price target set by the analysts, while a rise to estimated low would result in loss of -40.86% for the stock. However, touching the estimated high of $49.00 would mean a gain of 39.63% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 1,694,420 shares in 22 of the transactions. In 21 selling transactions, insiders dumped 975,000 shares.
Range Resources Corp (NYSE: RRC) started trading at $31.00, below -$0.33 from concluding price of the previous day. However, the stock later moved at a day high price of 31.00, or with a loss of -5.59%. Stock saw a price change of -7.88% in past 5 days and over the past one month there was a price change of -16.28%. Year-to-date (YTD), RRC shares are showing a performance of 18.23% which increased to 17.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.61 but also hit the highest price of $37.88 during that period. The average intraday trading volume for Range Resources Corp shares is 2.71 million. The stock is currently trading -10.55% below its 20-day simple moving average (SMA20), while that difference is down -12.14% for SMA50 and it goes to -0.62% lower than SMA200.
Range Resources Corp (NYSE: RRC) currently have 238.89M outstanding shares and institutions hold larger chunk of about 97.21% of that.
The stock has a current market capitalization of $7.14B and its 3Y-monthly beta is at 1.86. PE ratio of stock for trailing 12 months is 5.30, while it has posted earnings per share of $5.58 in the same period. Its PEG reads 0.43 and has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RRC, volatility over the week remained 3.49% while standing at 3.00% over the month.
Analysts are in expectations that Range Resources Corp (RRC) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $0.87 and it is $3.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -56.00% while it is estimated to increase by 38.20% in next year. EPS is likely to shrink at an annualized rate of 12.20% for next 5-years, compared to annual growth of 28.47% made by the stock over the past 5-years.
Analysts at 29 brokerage firms have issued recommendations for the Range Resources Corp (RRC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.38. Out of those 29 Wall Street analysts, 12 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on Dec-07-23 offering an Underweight rating for the stock and assigned a target price range of between $33 and $32 to it.
