Range Resources Corp (NYSE: RRC) kicked off on November 20, 2023, at the price of $33.72, down -0.74% from the previous trading day. During the day, the shares moved up to $33.98 and dropped to $33.34 before settling in for the closing price of $33.72. Over the past 52 weeks, RRC has traded in a range of $22.61-$37.88.
Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 27.12%. While this was happening, its average annual earnings per share was recorded -56.28%. With a float of $234.11 million, this company’s outstanding shares have now reached $238.89 million.
Considering the fact that the conglomerate employs 544 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +58.79, operating margin of +54.73, and the pretax margin is +26.50.
Range Resources Corp (RRC) Breakdown of a Key Holders of the stock
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 Corp is 2.98%, while institutional ownership is 97.16%. The most recent insider transaction that took place on Nov 03, was worth 930,750. In this transaction SVP, Principal Accting Officer of this company sold 25,000 shares at a rate of $37.23, taking the stock ownership to the 60,804 shares. Before that another transaction happened on Nov 02, when Company’s SVP, Principal Accting Officer sold 25,000 for $37.35, making the entire transaction worth $933,750. This insider now owns 85,804 shares in total.
Range Resources Corp (RRC) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.46 earnings per share (EPS), higher than consensus estimate (set at $0.35) by $0.11. This company achieved a net margin of +21.64 while generating a return on equity of 46.55. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -56.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.20% during the next five years compared to 28.47% growth over the previous five years of trading.
Range Resources Corp (NYSE: RRC) Trading Performance Indicators
Take a look at Range Resources Corp’s (RRC) current performance indicators. Last quarter, stock had a quick ratio of 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.62. Likewise, its price to free cash flow for the trailing twelve months is 10.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.58, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 3.13 in one year’s time.
Technical Analysis of Range Resources Corp (RRC)
Compared to the last year’s volume of 3.77 million, its volume of 2.52 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 34.74%. Additionally, its Average True Range was 1.11.
During the past 100 days, Range Resources Corp’s (RRC) raw stochastic average was set at 56.93%, which indicates a significant increase from 16.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.06% in the past 14 days, which was higher than the 33.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.45, while its 200-day Moving Average is $29.37. Nevertheless, the first resistance level for the watch stands at $33.85 in the near term. At $34.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $34.49. If the price goes on to break the first support level at $33.21, it is likely to go to the next support level at $32.96. Now, if the price goes above the second support level, the third support stands at $32.57.
Range Resources Corp (NYSE: RRC) Key Stats
The company with the Market Capitalisation of 8.08 billion has total of 241,305K Shares Outstanding. Its annual sales at the moment are 4,147 M in contrast with the sum of 1,183 M annual income. Company’s last quarter sales were recorded 609,720 K and last quarter income was 49,430 K.