Considering Range Resources Corporation (RRC) as a potential investment: What Should You Do?

After closing at $29.87 in the most recent trading day, Range Resources Corporation (NYSE: RRC) closed at 29.05, down -2.75%. In other words, the price has decreased by $-0.82 from its previous closing price. On the day, 2567022 shares were traded. RRC reached its highest trading level at $30.87 during the session, while it also had its lowest trading level at $29.03.

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Our goal is to gain a better understanding of RRC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20198.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.52. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 0.93.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 26 when Ginn Dori sold 5,000 shares for $34.65 per share. The transaction valued at 173,255 led to the insider holds 80,801 shares of the business.

Spiller Reginal sold 1,600 shares of RRC for $50,306 on Aug 02. The Director now owns 10,685 shares after completing the transaction at $31.44 per share. On May 27, another insider, Ginn Dori, who serves as the SVP, Principal Accting Officer of the company, sold 10,000 shares for $36.17 each. As a result, the insider received 361,700 and left with 332,033 shares of the company.

Valuation Measures:

As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.29, and their Forward P/E ratio for the next fiscal year is 5.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 3.58.

Stock Price History:

Over the past 52 weeks, RRC has reached a high of $37.44, while it has fallen to a 52-week low of $16.71. The 50-Day Moving Average of the stock is 31.61, while the 200-Day Moving Average is calculated to be 27.08.

Shares Statistics:

The stock has traded on average 4.52M shares per day over the past 3-months and 3.81M shares per day over the last 10 days, according to various share statistics. A total of 262.89M shares are outstanding, with a floating share count of 254.95M. Insiders hold about 2.10% of the company’s shares, while institutions hold 87.30% stake in the company. Shares short for RRC as of Jul 14, 2022 were 13.8M with a Short Ratio of 2.42, compared to 17.21M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.56% and a Short% of Float of 9.35%.

Dividends & Splits

In the trailing 12 months, RRC’s forward annual dividend rate was 0.02, compared to 0.32 this year. The current Payout Ratio is 0.00% for RRC, which recently paid a dividend on Sep 29, 2022 with an ex-dividend date of Dec 11, 2019. Stock splits for the company last occurred on Dec 04, 2005 when the company split stock in a 3:2 ratio.

Earnings Estimates

Its stock is currently analyzed by 20 different market analysts. On average, analysts expect EPS of $1.34 for the current quarter, with a high estimate of $1.69 and a low estimate of $1.05, while EPS last year was $0.52. The consensus estimate for the next quarter is $1.53, with high estimates of $2.01 and low estimates of $1.16.

Analysts are recommending an EPS of between $6.22 and $2.13 for the fiscal current year, implying an average EPS of $4.99. EPS for the following year is $5.51, with 25 analysts recommending between $8.82 and $3.89.

Revenue Estimates

8 analysts predict $1.04B in revenue for the current quarter. It ranges from a high estimate of $1.21B to a low estimate of $860.95M. As of the current estimate, Range Resources Corporation’s year-ago sales were $795.4M, an estimated increase of 31.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.1B, a decrease of -3.30% less than the figure of $31.20% in the same quarter last year. There is a high estimate of $1.26B for the next quarter, whereas the lowest estimate is $879.18M.

A total of 11 analysts have provided revenue estimates for RRC’s current fiscal year. The highest revenue estimate was $4.86B, while the lowest revenue estimate was $3.09B, resulting in an average revenue estimate of $3.94B. In the same quarter a year ago, actual revenue was $3.22B, up 22.60% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $3.67B in the next fiscal year. The high estimate is $4.04B and the low estimate is $3.26B. The average revenue growth estimate for next year is down -6.90% from the average revenue estimate for this year.