Range Resources Corporation (NYSE: RRC) kicked off on June 22, 2022, at the price of $25.32, down -2.64% from the previous trading day. During the day, the shares moved up to $26.505 and dropped to $24.94 before settling in for the closing price of $26.92. Over the past 52 weeks, RRC has traded in a range of $12.37-$37.44.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 21.30%. While this was happening, its average annual earnings per share was recorded 154.60%. With a float of $245.61 million, this company’s outstanding shares have now reached $259.80 million.
The extent of productivity of a business whose workforce counts for 527 workers is very important to gauge. In terms of profitability, gross margin is +42.98, operating margin of +36.46, and the pretax margin is +11.23.
Range Resources Corporation (RRC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Range Resources Corporation is 2.00%, while institutional ownership is 87.00%. The most recent insider transaction that took place on May 27, was worth 361,700. In this transaction SVP, Principal Accting Officer of this company sold 10,000 shares at a rate of $36.17, taking the stock ownership to the 332,033 shares. Before that another transaction happened on May 26, when Company’s SVP, Principal Accting Officer sold 10,000 for $34.71, making the entire transaction worth $347,100. This insider now owns 342,033 shares in total.
Range Resources Corporation (RRC) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported $1.18 earnings per share (EPS), higher than consensus estimate (set at $1.14) by $0.04. This company achieved a net margin of +11.20 while generating a return on equity of 21.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 154.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.90% during the next five years compared to 20.90% growth over the previous five years of trading.
Range Resources Corporation (NYSE: RRC) Trading Performance Indicators
Take a look at Range Resources Corporation’s (RRC) current performance indicators. Last quarter, stock had a quick ratio of 0.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95. Likewise, its price to free cash flow for the trailing twelve months is 7.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.67, a number that is poised to hit 1.10 in the next quarter and is forecasted to reach 5.17 in one year’s time.
Technical Analysis of Range Resources Corporation (RRC)
The latest stats from [Range Resources Corporation, RRC] show that its last 5-days average volume of 5.82 million was superior to 5.81 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.83%. Additionally, its Average True Range was 2.17.
During the past 100 days, Range Resources Corporation’s (RRC) raw stochastic average was set at 40.33%, which indicates a significant increase from 10.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.26% in the past 14 days, which was lower than the 65.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.06, while its 200-day Moving Average is $24.43. Now, the first resistance to watch is $26.83. This is followed by the second major resistance level at $27.45. The third major resistance level sits at $28.39. If the price goes on to break the first support level at $25.26, it is likely to go to the next support level at $24.32. The third support level lies at $23.70 if the price breaches the second support level.
Range Resources Corporation (NYSE: RRC) Key Stats
The company with the Market Capitalisation of 7.85 billion has total of 269,797K Shares Outstanding. Its annual sales at the moment are 2,930 M in contrast with the sum of 411,780 K annual income. Company’s last quarter sales were recorded 180,740 K and last quarter income was -456,810 K.