The Insider Activity Of Range Resources Corporation (RRC) Should Not Be Ignored

As of Friday close, Range Resources Corporation’s (NYSE:RRC) stock was up $0.01, moving up 0.04 percent to $27.08. The average number of shares traded per day over the past five days has been 4,862,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.46 fall in that time frame. In the last twenty days, the average volume was 4,770,745, while in the previous 50 days, it was 5,001,572.

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Since last month, RRC stock retreated -17.14%. Shares of the company fell to $25.62 on 05/10/22, the lowest level in the past month. A 52-week high of $34.61 was reached on 04/18/22 after having rallying from a 52-week low of $11.33. Since the beginning of this year, RRC’s stock price has risen by 51.88% or $9.25, and marked a new high 21 times. However, the stock has declined by -21.76% since its 52-week high.

Range Resources Corporation (RRC) last reported insider trading activity 36 days ago on Apr 08. Ginn Dori, the SVP, Principal Accting Officer of the company, disposed of 10,000 shares for $32.60 on Apr 08. It resulted in a $326,000 divestment by the insider. Poole David P sold 12,453 shares at an average price of $24.50 on Nov 08. The insider now owns 94,874 shares following the transaction. On Sep 16, SVP, Principal Accting Officer Ginn Dori sold 20,000 shares at $19.45 apiece. The transaction was valued at $389,000.

Valuation Metrics

The stock’s beta is 2.00. Besides these, the trailing price-to-sales (P/S) ratio of 1.83, the price-to-book (PB) ratio of 4.15, and the price-to-cash flow ratio of 6.74 may also be considered.

The latest dividend of $0.02 per share was paid out, remained unchanged from last year’s $0.02.

Financial Health

In the three months ended September 29, Range Resources Corporation’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.14, and the total debt-to-equity ratio was 1.61. On the profitability front, the trailing twelve-month gross margin is 87.60% percent. In the year ended September 29, operating margins totaled 38.50%. Based on annual data, RRC earned $635.97 million in gross profit and brought in $2.93 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.70%. Return on equity (ROE) for the past 12 months was -5.20%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RRC’s revenue fell -231.35% to $1.89 billion during the quarter, while net income inched up to $180.74 million. While analysts expected Range Resources Corporation to report $0.53 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by -1.90%. During the quarter, the company generated -$367.27 million in EBITDA. The liabilities of Range Resources Corporation were 4.96 billion at the end of its most recent quarter ended September 29, and its total debt was $2.98 billion. The value of shareholders’ equity is $269.8 million.

Technical Picture

This quick technical analysis looks at Range Resources Corporation’s (RRC) price momentum. With a historical volatility rate of 79.12%, the RSI 9-day stood at 33.98% on 13 May.

With respect to its five-day moving average, the current Range Resources Corporation price is down by -11.33% percent or -$3.46. At present, RRC shares trade -16.39% below its 20-day simple moving average and +51.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.80% above its SMA50 and +78.75% above its SMA200.

Stochastic coefficient K was 23.00% and Stochastic coefficient D was 19.47%, while ATR was 1.97. Given the Stochastic reading of 20.95% for the 14-day period, the RSI (14) reading has been calculated as 38.90%. As of today, the MACD Oscillator reading stands at -1.59, while the 14-day reading stands at -2.09.

Analyst Ratings

Piper Sandler upgraded its rating on Range Resources Corporation (NYSE: RRC) to an Overweight in a note to investors on April 21, 2022. The analysts firm previously had a Neutral rating on the stock.Range Resources Corporation (RRC) has been rated Hold by analysts. According to 2 brokerage firms, RRC is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Range Resources Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $38.00, the current consensus forecast for the stock is $30.00 – $49.00. Based on these forecasts, analysts predict Range Resources Corporation (RRC) will achieve an average price target of $38.84.


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