Gains May Be On The Menu For Range Resources Corp (NYSE: RRC)

Currently, there are 241.04M common shares owned by the public and among those 234.37M shares have been available to trade.

The company’s stock has a 5-day price change of -5.44% and -10.80% over the past three months. RRC shares are trading -1.77% year to date (YTD), with the 12-month market performance down to -14.55% lower. It has a 12-month low price of $27.29 and touched a high of $39.33 over the same period. RRC has an average intraday trading volume of 2.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.66%, -0.81%, and -8.09% respectively.

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Institutional ownership of Range Resources Corp (NYSE: RRC) shares accounts for 96.07% of the company’s 241.04M shares outstanding.

It has a market capitalization of $7.24B and a beta (3y monthly) value of 1.80. The stock’s trailing 12-month PE ratio is 15.25, while the earnings-per-share (ttm) stands at $1.96. The company has a PEG of 15.25 and a Quick Ratio of 0.58 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.39% over the week and 2.69% over the month.

Earnings per share for the fiscal year are expected to decrease by -12.58%, and 40.13% over the next financial year.

Looking at the support for the RRC, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on October 02, 2024, with the firm’s price target at $35-$34. Wells Fargo coverage for the Range Resources Corp (RRC) stock in a research note released on October 01, 2024 offered a Overweight rating with a price target of $39. Scotiabank was of a view on August 20, 2024 that the stock is Sector Outperform, while Piper Sandler gave the stock Neutral rating on August 15, 2024, issuing a price target of $43- $31. Wolfe Research on their part issued Peer Perform rating on July 18, 2024.

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