On Tuesday, Range Resources Corp (NYSE: RRC) opened lower -0.29% from the last session, before settling in for the closing price of $35.05. Price fluctuations for RRC have ranged from $23.92 to $37.88 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 8.88% annually for the last half of the decade. Company’s average yearly earnings per share was noted -8.19% at the time writing. With a float of $234.41 million, this company’s outstanding shares have now reached $241.04 million.
In an organization with 548 employees, it is important to assess its efficiency.
Range Resources Corp (RRC) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Range Resources Corp is 3.18%, while institutional ownership is 100.08%. The most recent insider transaction that took place on Nov 03 ’23, 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 ’23, 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 34.95 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.19% per share during the next fiscal year.
Range Resources Corp (NYSE: RRC) Trading Performance Indicators
Check out the current performance indicators for Range Resources Corp (RRC). In the past quarter, the stock posted a quick ratio of 1.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.40. Likewise, its price to free cash flow for the trailing twelve months is 22.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.54, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 3.50 in one year’s time.
Technical Analysis of Range Resources Corp (RRC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.94 million. That was inferior than the volume of 2.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 37.99%. Additionally, its Average True Range was 0.83.
During the past 100 days, Range Resources Corp’s (RRC) raw stochastic average was set at 77.29%, which indicates a significant increase from 49.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.29% in the past 14 days, which was lower than the 28.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.45, while its 200-day Moving Average is $31.90. However, in the short run, Range Resources Corp’s stock first resistance to watch stands at $35.24. Second resistance stands at $35.54. The third major resistance level sits at $36.06. If the price goes on to break the first support level at $34.42, it is likely to go to the next support level at $33.90. The third support level lies at $33.60 if the price breaches the second support level.
Range Resources Corp (NYSE: RRC) Key Stats
There are currently 242,120K shares outstanding in the company with a market cap of 8.46 billion. Presently, the company’s annual sales total 3,374 M according to its annual income of 871,140 K. Last quarter, the company’s sales amounted to 941,360 K and its income totaled 310,030 K.
