A new trading day began on Tuesday, with Range Resources Corp (NYSE: RRC) stock price up 0.26% from the previous day of trading, before settling in for the closing price of $34.25. RRC’s price has ranged from $27.29 to $39.33 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. Meanwhile, its annual earnings per share averaged -9.46%. With a float of $238.13 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. In terms of profitability, gross margin is 23.62%, operating margin of 14.88%, and the pretax margin is 24.61%.
Range Resources Corp (RRC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Range Resources Corp is 1.32%, while institutional ownership is 96.01%. The most recent insider transaction that took place on Nov 11 ’24, was worth 95,872. In this transaction Director of this company sold 2,800 shares at a rate of $34.24, taking the stock ownership to the 12,453 shares. Before that another transaction happened on Oct 24 ’24, when Company’s Director bought 1,275 for $31.46, making the entire transaction worth $40,112. This insider now owns 5,921 shares in total.
Range Resources Corp (RRC) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.63 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.46% per share during the next fiscal year.
Range Resources Corp (NYSE: RRC) Trading Performance Indicators
Here are Range Resources Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.66. Likewise, its price to free cash flow for the trailing twelve months is 26.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.97, a number that is poised to hit 0.57 in the next quarter and is forecasted to reach 2.96 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 1.73 million. That was inferior than the volume of 2.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 83.81%. Additionally, its Average True Range was 0.90.
During the past 100 days, Range Resources Corp’s (RRC) raw stochastic average was set at 89.07%, which indicates a significant decrease from 95.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.58% in the past 14 days, which was higher than the 30.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.23, while its 200-day Moving Average is $32.77. However, in the short run, Range Resources Corp’s stock first resistance to watch stands at $34.60. Second resistance stands at $34.87. The third major resistance level sits at $35.33. If the price goes on to break the first support level at $33.88, it is likely to go to the next support level at $33.42. Assuming the price breaks the second support level, the third support level stands at $33.15.
Range Resources Corp (NYSE: RRC) Key Stats
With a market capitalization of 8.29 billion, the company has a total of 241,310K Shares Outstanding. Currently, annual sales are 3,374 M while annual income is 871,140 K. The company’s previous quarter sales were 615,030 K while its latest quarter income was 50,660 K.
