Range Resources Corp (NYSE: RRC) kicked off on Tuesday, up 2.18% from the previous trading day, before settling in for the closing price of $33.42. Over the past 52 weeks, RRC has traded in a range of $27.60-$39.33.
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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. While this was happening, its average annual earnings per share was recorded -1.27%. With a float of $235.09 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
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 3.11%, while institutional ownership is 98.10%. The most recent insider transaction that took place on May 21 ’24, was worth 56,468. In this transaction Director of this company sold 1,460 shares at a rate of $38.68, taking the stock ownership to the 15,253 shares. Before that another transaction happened on May 17 ’24, when Company’s Chief Executive Officer & Pres sold 101,000 for $37.78, making the entire transaction worth $3,815,780. This insider now owns 198,154 shares in total.
Range Resources Corp (RRC) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.3 earnings per share (EPS), higher than consensus estimate (set at 0.25) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.27% per share during the next fiscal year.
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 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.65. Likewise, its price to free cash flow for the trailing twelve months is 39.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.97, a number that is poised to hit 0.47 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 2.5 million. That was inferior than the volume of 2.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.43%. Additionally, its Average True Range was 0.98.
During the past 100 days, Range Resources Corp’s (RRC) raw stochastic average was set at 55.54%, which indicates a significant increase from 23.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.29% in the past 14 days, which was lower than the 31.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.05, while its 200-day Moving Average is $33.15. However, in the short run, Range Resources Corp’s stock first resistance to watch stands at $34.43. Second resistance stands at $34.71. The third major resistance level sits at $35.22. If the price goes on to break the first support level at $33.64, it is likely to go to the next support level at $33.12. The third support level lies at $32.84 if the price breaches the second support level.
Range Resources Corp (NYSE: RRC) Key Stats
The company with the Market Capitalisation of 8.29 billion has total of 242,627K Shares Outstanding. Its annual sales at the moment are 3,374 M in contrast with the sum of 871,140 K annual income. Company’s last quarter sales were recorded 645,370 K and last quarter income was 92,140 K.
