As of Friday close, Range Resources Corporation’s (NYSE:RRC) stock was down -$2.23, moving down -8.88 percent to $22.88. The average number of shares traded per day over the past five days has been 4,877,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.80 fall in that time frame. In the last twenty days, the average volume was 6,865,395, while in the previous 50 days, it was 5,523,632.
Since last month, RRC stock retreated -12.61%. Shares of the company fell to $22.61 on 02/21/23, the lowest level in the past month. A 52-week high of $37.44 was reached on 02/24/23 after having rallying from a 52-week low of $22.61. Since the beginning of this year, RRC’s stock price has dropped by -8.55% or -$2.14, and marked a new high 9 times. However, the stock has declined by -38.89% since its 52-week high.
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Sponsored
RRC stock investors should be aware that Range Resources Corporation (RRC) stock had its last reported insider trading activity 204 days ago on Aug 26. Ginn Dori, the SVP, Principal Accting Officer of the company, disposed of 5,000 shares for $34.65 on Aug 26. It resulted in a $173,255 divestment by the insider. Spiller Reginal sold 1,600 shares at an average price of $31.44 on Aug 02. The insider now owns 10,685 shares following the transaction. On May 27, SVP, Principal Accting Officer Ginn Dori sold 10,000 shares at $36.17 apiece. The transaction was valued at $361,700.
Valuation Metrics
Right now, Range Resources Corporation (RRC) has a P/E ratio of about 4.79. The stock’s beta is 2.16. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 1.87, and the price-to-cash flow ratio of 3.06 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Tuesday August 30 2022, a $0.06 dividend increase was announced.
Financial Health
In the three months ended September 29, Range Resources Corporation’s quick ratio stood at 0.50, while its current ratio was 0.50, 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 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 89.80% percent. In the year ended September 29, operating margins totaled 51.90%. Based on annual data, RRC earned $1.68 billion in gross profit and brought in $4.15 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 53.80%. Return on equity (ROE) for the past 12 months was 53.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RRC’s revenue rose 72.75% to $1.23 billion during the quarter, while net income inched up to $1.11 billion. While analysts expected Range Resources Corporation to report $1.4 quarterly earnings, the actual figure was $1.37 per share, beating the consensus estimate by -2.10%. During the quarter, the company generated $1.14 billion in EBITDA. The liabilities of Range Resources Corporation were 3.75 billion at the end of its most recent quarter ended September 29, and its total debt was $2.4 billion. The value of shareholders’ equity is $240.62 million.
Technical Picture
This quick technical analysis looks at Range Resources Corporation’s (RRC) price momentum. With a historical volatility rate of 58.29%, the RSI 9-day stood at 32.81% on 17 March.
With respect to its five-day moving average, the current Range Resources Corporation price is down by -10.90% percent or -$2.80. At present, RRC shares trade -9.71% below its 20-day simple moving average and -11.49% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.11% below its SMA50 and -32.61% below its SMA200.
Stochastic coefficient K was 15.09% and Stochastic coefficient D was 18.94%, while ATR was 1.60. Given the Stochastic reading of 2.89% for the 14-day period, the RSI (14) reading has been calculated as 38.22%. As of today, the MACD Oscillator reading stands at -1.44, while the 14-day reading stands at -2.08.