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The price of Range Resources Corp (NYSE: RRC) closed at $31.39 in the last session, down -1.23% from day before closing price of $31.78. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 1.82 million shares were traded. RRC stock price reached its highest trading level at $31.77 during the session, while it also had its lowest trading level at $30.97.
Ratios:
We take a closer look at RRC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.83. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.30.
On April 26, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also upped its target price recommendation from $36 to $39.
Scotiabank Downgraded its Sector Outperform to Sector Perform on April 11, 2024, while the target price for the stock was maintained at $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 21 ’24 when Spiller Reginal sold 1,460 shares for $38.68 per share. The transaction valued at 56,468 led to the insider holds 15,253 shares of the business.
Degner Dennis sold 101,000 shares of RRC for $3,815,780 on May 17 ’24. The Chief Executive Officer & Pres now owns 198,154 shares after completing the transaction at $37.78 per share. On May 16 ’24, another insider, Scucchi Mark, who serves as the EVP & CFO of the company, sold 49,569 shares for $36.91 each. As a result, the insider received 1,829,592 and left with 94,713 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 7599173120 and an Enterprise Value of 9187078144. As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.01, and their Forward P/E ratio for the next fiscal year is 9.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 3.937 whereas that against EBITDA is 8.152.
Stock Price History:
Over the past 52 weeks, RRC has reached a high of $39.33, while it has fallen to a 52-week low of $27.60. The 50-Day Moving Average of the stock is -10.35%, while the 200-Day Moving Average is calculated to be -5.79%.
Shares Statistics:
According to the various share statistics, RRC traded on average about 2.36M shares per day over the past 3-months and 2614130 shares per day over the past 10 days. A total of 241.04M shares are outstanding, with a floating share count of 234.57M. Insiders hold about 3.11% of the company’s shares, while institutions hold 99.45% stake in the company. Shares short for RRC as of 1721001600 were 11016859 with a Short Ratio of 4.68, compared to 1718323200 on 12409667. Therefore, it implies a Short% of Shares Outstanding of 11016859 and a Short% of Float of 6.22.
Dividends & Splits
The forward annual dividend rate for RRC is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.010069226The stock’s 5-year Average Dividend Yield is 0.78.
