Can Range Resources Corp’s (RRC) drop of -3.33% in a week be considered a lucky break?

Range Resources Corp (NYSE: RRC) on Tuesday, plunged -0.44% from the previous trading day, before settling in for the closing price of $34.13. Within the past 52 weeks, RRC’s price has moved between $27.29 and $39.33.

A company in the Energy sector has jumped its sales by 8.88% annually for the last half of the decade. The company achieved an average annual earnings per share of -9.31%. With a float of $238.13 million, this company’s outstanding shares have now reached $241.31 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 and Institutional Ownership

Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Range Resources Corp is 1.32%, while institutional ownership is 96.05%. 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) Latest Financial update

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 -9.31% per share during the next fiscal year.

Range Resources Corp (NYSE: RRC) Trading Performance Indicators

Range Resources Corp (RRC) is currently performing well based on its current performance indicators. A quick ratio of 0.54 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.62. Likewise, its price to free cash flow for the trailing twelve months is 25.93.

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 2.95 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 2.04 million. That was inferior than the volume of 2.34 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.94%. Additionally, its Average True Range was 0.96.

During the past 100 days, Range Resources Corp’s (RRC) raw stochastic average was set at 70.76%, which indicates a significant increase from 14.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.86% in the past 14 days, which was lower than the 30.39% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.61, while its 200-day Moving Average is $33.14. However, in the short run, Range Resources Corp’s stock first resistance to watch stands at $34.67. Second resistance stands at $35.36. The third major resistance level sits at $35.80. If the price goes on to break the first support level at $33.54, it is likely to go to the next support level at $33.10. The third support level lies at $32.41 if the price breaches the second support level.

Range Resources Corp (NYSE: RRC) Key Stats

Market capitalization of the company is 8.20 billion based on 241,310K outstanding shares. Right now, sales total 3,374 M and income totals 871,140 K. The company made 615,030 K in profit during its latest quarter, and 50,660 K in sales during its previous quarter.