Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $40.17 in the prior trading day, Range Resources Corp (NYSE: RRC) closed at $37.27, down -7.22%. In other words, the price has decreased by -$7.22 from its previous closing price. On the day, 4.77 million shares were traded. RRC stock price reached its highest trading level at $39.42 during the session, while it also had its lowest trading level at $37.07.
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 32.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.29.
On January 13, 2025, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $34 to $45.
Wolfe Research Upgraded its Peer Perform to Outperform on January 03, 2025, while the target price for the stock was maintained at $42.
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 Nov 11 ’24 when Spiller Reginal sold 2,800 shares for $34.24 per share. The transaction valued at 95,872 led to the insider holds 12,453 shares of the business.
Griffie Charles G. bought 1,275 shares of RRC for $40,112 on Oct 24 ’24. The Director now owns 5,921 shares after completing the transaction at $31.46 per share. On Sep 23 ’24, another insider, Kavanaugh Ashley, who serves as the VP, Principal Accting Officer of the company, sold 12,700 shares for $31.45 each. As a result, the insider received 399,390 and left with 9,670 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 8993624064 and an Enterprise Value of 11243240448. As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.93, and their Forward P/E ratio for the next fiscal year is 11.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.97 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 4.825 whereas that against EBITDA is 10.037.
Stock Price History:
The Beta on a monthly basis for RRC is 1.79, which has changed by 0.33543885 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, RRC has reached a high of $41.95, while it has fallen to a 52-week low of $27.29. The 50-Day Moving Average of the stock is 3.37%, while the 200-Day Moving Average is calculated to be 10.65%.
Shares Statistics:
The stock has traded on average 2.27M shares per day over the past 3-months and 2684530 shares per day over the last 10 days, according to various share statistics. A total of 241.31M shares are outstanding, with a floating share count of 238.13M. Insiders hold about 1.32% of the company’s shares, while institutions hold 96.12% stake in the company. Shares short for RRC as of 1735603200 were 16064614 with a Short Ratio of 7.06, compared to 1732838400 on 15867186. Therefore, it implies a Short% of Shares Outstanding of 16064614 and a Short% of Float of 9.120000000000001.
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 0.007966144The 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 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2005-12-05 when the company split stock in a 3:2 ratio.
