Range Resources Corp (RRC) concluded trading on Wednesday at a closing price of $32.88, with 5.47 million shares of worth about $180.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.64% during that period and on Wednesday the price saw a gain of about 7.73%. Currently the company’s common shares owned by public are about 238.89M shares, out of which, 233.91M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 41 times over the past 12 months. They bought 1,691,262 shares in 20 of the transactions. In 21 selling transactions, insiders dumped 975,000 shares.
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However, the stock later moved at a day high price of 33.16, or with a gain of 7.73%. Stock saw a price change of 15.49% in past 5 days and over the past one month there was a price change of 11.87%. Year-to-date (YTD), RRC shares are showing a performance of 8.02% which increased to 40.51% 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 2.69 million. The stock is currently trading 12.72% above its 20-day simple moving average (SMA20), while that difference is up 10.36% for SMA50 and it goes to 6.81% higher than SMA200.
Range Resources Corp (NYSE: RRC) currently have 238.89M outstanding shares and institutions hold larger chunk of about 99.84% of that.
The stock has a current market capitalization of $7.93B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 5.89, while it has posted earnings per share of $5.58 in the same period. Its PEG reads 0.48 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 4.26% while standing at 3.13% over the month.
Analysts are in expectations that Range Resources Corp (RRC) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $2.49 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.3 which is $0.63 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 rise by 0.91% while it is estimated to increase by 51.09% 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.
Coverage by Wells Fargo stated Range Resources Corp (RRC) stock as an Equal weight in their note to investors on December 14, 2023, suggesting a price target of $32 for the stock. On December 06, 2023, JP Morgan Downgrade their recommendations, while on October 24, 2023, Raymond James Upgrade their ratings for the stock with a price target of $41. Stock get a Mkt perform rating from Bernstein on October 11, 2023.
