Analysis Of The Weekly Performance Of Range Resources Corporation (RRC)

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Range Resources Corporation (NYSE:RRC) finished Wednesday with a subtraction of -$0.82 to close at $29.05, a downside of -2.75 percent. An average of 4,249,060 shares of common stock have been traded in the last five days. There was a fall of -$3.91 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 3,509,090 shares traded, while the 50-day average volume stands at 3,688,232.

RRC stock has decreased by -17.14% in the last month. The company shares reached their 1-month lowest point of $28.57 on 09/19/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $16.71 and a high of $37.44 in 52 weeks. It has reached a new high 25 times so far this year and achieved 62.93% or $11.22 in price. In spite of this, the price is down -22.41% from the 52-week high.


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Insider Transactions

27 days have passed since Range Resources Corporation (RRC) last reported insider trading activity. Ginn Dori, who is SVP, Principal Accting Officer, most recently acquired $5,000 shares at $34.65 per share on Aug 26. In this transaction, the insider spent $173,255. Director, Spiller Reginal, disposed of 1,600 shares at a price of $31.44 on Aug 02. The insider now owns more than $50,306 worth of shares. Prior to that, SVP, Principal Accting Officer Ginn Dori went on to Sale 10,000 shares at $36.17 each on May 27. An amount of $361,700 was transacted.

Valuation Metrics

Range Resources Corporation (RRC) has a trailing price-to-earnings (P/E) ratio of 16.29. The stock’s beta is 2.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 3.58, and the price-to-cash flow ratio at 6.52.

The company’s most recent quarterly dividend payment was $0.08 a share, representing a up of 300.0% from $0.02 last year. Its latest increase dividend $0.06 reported on Tuesday August 30 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.93 and a total debt to equity ratio of 1.19 for the quarter ending June 29. Its gross profit as reported stood at $635.97 million compared to revenue of $2.93 billion.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $452.86 million in the quarter, while revenues of -$456.81 million were grew 134.55%. The analyst consensus anticipated Range Resources Corporation’s latest quarter earnings to come in at $1.26 per share, but it turned out to be $1.27, a 0.80% surprise. For the quarter, EBITDA amounted to $694.92 million. Shareholders own equity worth $262.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Range Resources Corporation (RRC) price momentum. RSI 9-day as of the close on 21 September was 35.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.36%.

As of today, RRC’s price is $30.07 -11.86% or -$3.91 from its 5-day moving average. RRC is currently trading -14.51% lower than its 20-day SMA and -6.26% lower than its 100-day SMA. However, the stock’s current price level is +10.12% above the SMA50 and +57.20% above the SMA200.

The stochastic %K and %D were 22.85% and 23.70%, respectively, and the average true range (ATR) was 1.64. With the 14-day stochastic at 9.32% and the average true range at 1.65, the RSI (14) stands at 39.81%. The stock has reached -1.13 on the 9-day MACD Oscillator while the 14-day reading was at -1.22.

Analyst Ratings

The consensus rating for Range Resources Corporation (RRC) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell RRC, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is RRC’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $75.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Range Resources Corporation (RRC) stock is $40.95.

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