Range Resources Corp (RRC) concluded trading on Wednesday at a closing price of $30.95, with 5.87 million shares of worth about $181.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.06% during that period and on October 23, 2024 the price saw a gain of about 3.51%. Currently the company’s common shares owned by public are about 241.04M shares, out of which, 239.02M shares are available for trading.
Stock saw a price change of 3.96% in past 5 days and over the past one month there was a price change of -0.48%. Year-to-date (YTD), RRC shares are showing a performance of 1.68% which decreased to -10.76% 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 2.08 million. The stock is currently trading 0.36% above its 20-day simple moving average (SMA20), while that difference is up 2.43% for SMA50 and it goes to -4.81% 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 96.01% of that.
The stock has a current market capitalization of $7.49B and its 3Y-monthly beta is at 1.80. PE ratio of stock for trailing 12 months is 15.72, while it has posted earnings per share of $1.97 in the same period. Its PEG reads 2.25 and has Quick Ratio of 0.54 while making debt-to-equity ratio of 0.47. 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 2.82% while standing at 2.61% over the month.
Analysts are in expectations that Range Resources Corp (RRC) stock would likely to be making an EPS of 0.58 in the current quarter, while forecast for next quarter EPS is 0.76 and it is 2.9 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.35 which is 1.02 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 0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.85% while it is estimated to increase by 35.14% 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.
