Range Resources Corp (RRC) concluded trading on Thursday at a closing price of $30.17, with 3.02 million shares of worth about $91.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.17% during that period and on September 26, 2024 the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 241.04M shares, out of which, 234.35M shares are available for trading.
Stock saw a price change of -1.11% in past 5 days and over the past one month there was a price change of 1.41%. Year-to-date (YTD), RRC shares are showing a performance of -0.89% which decreased to -2.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.29 but also hit the highest price of $39.33 during that period. The average intraday trading volume for Range Resources Corp shares is 2.01 million. The stock is currently trading 2.35% above its 20-day simple moving average (SMA20), while that difference is down -0.36% for SMA50 and it goes to -7.07% lower than SMA200.
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Range Resources Corp (NYSE: RRC) currently have 241.04M outstanding shares and institutions hold larger chunk of about 95.98% of that.
The stock has a current market capitalization of $7.30B and its 3Y-monthly beta is at 1.81. PE ratio of stock for trailing 12 months is 15.39, while it has posted earnings per share of $1.96 in the same period. Its PEG reads 0.85 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.48. 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 3.09% while standing at 2.70% over the month.
Stock’s fiscal year EPS is expected to drop by -10.25% while it is estimated to increase by 40.18% 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 August 20, 2024 offering a Sector outperform rating for the stock and assigned a target price of $45 to it. Coverage by Piper Sandler stated Range Resources Corp (RRC) stock as a Neutral in their note to investors on August 15, 2024, suggesting a price target of $31 for the stock. On July 18, 2024, Wolfe Research Resumed their recommendations, while on April 26, 2024, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $39. Stock get a Sector perform rating from Scotiabank on April 11, 2024.
