Range Resources Corp (RRC) concluded trading on Wednesday at a closing price of $37.77, with 4.7 million shares of worth about $177.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.91% during that period and on April 24, 2024 the price saw a gain of about 3.25%. Currently the company’s common shares owned by public are about 241.04M shares, out of which, 234.41M shares are available for trading.
Stock saw a price change of 8.78% in past 5 days and over the past one month there was a price change of 12.95%. Year-to-date (YTD), RRC shares are showing a performance of 24.08% which increased to 47.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.92 but also hit the highest price of $37.88 during that period. The average intraday trading volume for Range Resources Corp shares is 2.56 million. The stock is currently trading 7.17% above its 20-day simple moving average (SMA20), while that difference is up 13.82% for SMA50 and it goes to 17.81% higher than SMA200.
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Range Resources Corp (NYSE: RRC) currently have 241.04M outstanding shares and institutions hold larger chunk of about 99.92% of that.
The stock has a current market capitalization of $9.14B and its 3Y-monthly beta is at 1.86. PE ratio of stock for trailing 12 months is 19.21, while it has posted earnings per share of $1.97 in the same period. Its PEG reads 1.58 and has Quick Ratio of 1.35 while making debt-to-equity ratio of 0.50. 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 2.76% while standing at 2.44% over the month.
Analysts are in expectations that Range Resources Corp (RRC) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.49 and it is $3.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.59 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 $0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.41% while it is estimated to increase by 55.37% in next year.
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 Scotiabank on April 11, 2024 offering a Sector perform rating for the stock and assigned a target price of $45 to it. Coverage by Barclays stated Range Resources Corp (RRC) stock as an Underweight in their note to investors on April 10, 2024, suggesting a price target of $35 for the stock. On January 11, 2024, The Benchmark Company Downgrade their recommendations, while on December 14, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $32. Stock get an Underweight rating from JP Morgan on December 06, 2023.
