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After finishing at $35.49 in the prior trading day, Range Resources Corp (NYSE: RRC) closed at $36.53, up 2.93%. In other words, the price has increased by $2.93 from its previous closing price. On the day, 2.07 million shares were traded. RRC stock price reached its highest trading level at $36.55 during the session, while it also had its lowest trading level at $35.6.
Ratios:
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 25.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.35 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on April 26, 2024, Downgraded its rating to Sector Perform and sets its target price to $39 from $36 previously.
On April 11, 2024, Scotiabank Downgraded its rating to Sector Perform which previously was Sector Outperform but kept the price unchanged to $45.
On April 10, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $35.Barclays initiated its Underweight rating on April 10, 2024, with a $35 target price.
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 May 02 ’24 when Griffie Charles G. bought 1,500 shares for $34.65 per share. The transaction valued at 51,975 led to the insider holds 4,646 shares of the business.
Kavanaugh Ashley sold 15,978 shares of RRC for $603,131 on Apr 25 ’24. The VP, Principal Accting Officer now owns 22,370 shares after completing the transaction at $37.75 per share. On Nov 03 ’23, another insider, Ginn Dori, who serves as the SVP, Principal Accting Officer of the company, sold 25,000 shares for $37.23 each. As a result, the insider received 930,750 and left with 60,804 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RRC now has a Market Capitalization of 8863164416 and an Enterprise Value of 10427660288. As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.58, and their Forward P/E ratio for the next fiscal year is 10.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 5.192 whereas that against EBITDA is 8.517.
Stock Price History:
The Beta on a monthly basis for RRC is 1.82, which has changed by 0.3273983 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, RRC has reached a high of $38.25, while it has fallen to a 52-week low of $25.89. The 50-Day Moving Average of the stock is 5.04%, while the 200-Day Moving Average is calculated to be 12.30%.
Shares Statistics:
The stock has traded on average 2.57M shares per day over the past 3-months and 2258030 shares per day over the last 10 days, according to various share statistics. A total of 241.04M shares are outstanding, with a floating share count of 234.88M. Insiders hold about 3.19% of the company’s shares, while institutions hold 96.28% stake in the company. Shares short for RRC as of 1714435200 were 14916359 with a Short Ratio of 5.81, compared to 1711584000 on 14836960. Therefore, it implies a Short% of Shares Outstanding of 14916359 and a Short% of Float of 8.41.
Dividends & Splits
In the trailing 12 months, RRC’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.009016624The stock’s 5-year Average Dividend Yield is 0.78. The current Payout Ratio is 8.96% for RRC, which recently paid a dividend on 2024-03-14 with an ex-dividend date of 1710374400. Stock splits for the company last occurred on 2005-12-05 when the company split stock in a 3:2 ratio.
