Range Resources Corp (RRC) concluded trading on Thursday at a closing price of $32.71, with 2.58 million shares of worth about $84.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.92% during that period and on October 03, 2024 the price saw a gain of about 4.30%. Currently the company’s common shares owned by public are about 241.04M shares, out of which, 234.37M shares are available for trading.
Stock saw a price change of 8.42% in past 5 days and over the past one month there was a price change of 16.20%. Year-to-date (YTD), RRC shares are showing a performance of 7.46% which increased to 5.45% 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 9.61% above its 20-day simple moving average (SMA20), while that difference is up 8.88% for SMA50 and it goes to 0.67% 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 95.99% of that.
The stock has a current market capitalization of $7.92B and its 3Y-monthly beta is at 1.80. PE ratio of stock for trailing 12 months is 16.68, while it has posted earnings per share of $1.96 in the same period. Its PEG reads 0.93 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 3.06% while standing at 2.82% over the month.
Stock’s fiscal year EPS is expected to drop by -11.04% while it is estimated to increase by 42.21% 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 Barclays on October 02, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $35 and $34 to it. Coverage by Wells Fargo stated Range Resources Corp (RRC) stock as an Overweight in their note to investors on October 01, 2024, suggesting a price target of $39 for the stock. On August 20, 2024, Scotiabank Upgrade their recommendations, while on August 15, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $31. Stock get a Peer perform rating from Wolfe Research on July 18, 2024.
