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As of close of business last night, Range Resources Corp’s stock clocked out at $34.55, down -3.79% from its previous closing price of $35.91. In other words, the price has decreased by -$3.79 from its previous closing price. On the day, 2.48 million shares were traded. RRC stock price reached its highest trading level at $35.81 during the session, while it also had its lowest trading level at $34.19.
Ratios:
To gain a deeper understanding of RRC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.80. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 25 ’24 when Kavanaugh Ashley sold 15,978 shares for $37.75 per share. The transaction valued at 603,131 led to the insider holds 22,370 shares of the business.
Ginn Dori sold 25,000 shares of RRC for $930,750 on Nov 03 ’23. The SVP, Principal Accting Officer now owns 60,804 shares after completing the transaction at $37.23 per share. On Nov 02 ’23, another insider, Ginn Dori, who serves as the SVP, Principal Accting Officer of the company, sold 25,000 shares for $37.35 each. As a result, the insider received 933,750 and left with 85,804 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 8382763008 and an Enterprise Value of 9947258880. As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.57, and their Forward P/E ratio for the next fiscal year is 9.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 4.953 whereas that against EBITDA is 8.125.
Stock Price History:
The Beta on a monthly basis for RRC is 1.86, which has changed by 0.42356825 over the last 52 weeks, in comparison to a change of 0.23568535 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 $23.92. The 50-Day Moving Average of the stock is 1.72%, while the 200-Day Moving Average is calculated to be 7.09%.
Shares Statistics:
It appears that RRC traded 2.65M shares on average per day over the past three months and 2830460 shares per day over the past ten days. A total of 241.04M shares are outstanding, with a floating share count of 234.92M. Insiders hold about 3.18% of the company’s shares, while institutions hold 99.59% stake in the company. Shares short for RRC as of 1713139200 were 15995533 with a Short Ratio of 6.03, compared to 1710460800 on 16916410. Therefore, it implies a Short% of Shares Outstanding of 15995533 and a Short% of Float of 9.020001.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, RRC has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.008911166The 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.
Earnings Estimates
The performance of Range Resources Corp (RRC) in the stock market is under the watchful eye of 18.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $0.47 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.33, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.51, with high estimates of $0.75 and low estimates of $0.38.
Analysts are recommending an EPS of between $3.04 and $1.89 for the fiscal current year, implying an average EPS of $2.32. EPS for the following year is $3.46, with 21.0 analysts recommending between $5.12 and $2.32.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $608.73M. It ranges from a high estimate of $703M to a low estimate of $457M. As of the current estimate, Range Resources Corp’s year-ago sales were $468.38MFor the next quarter, 13 analysts are estimating revenue of $638.03M. There is a high estimate of $719M for the next quarter, whereas the lowest estimate is $518M.
A total of 13 analysts have provided revenue estimates for RRC’s current fiscal year. The highest revenue estimate was $2.79B, while the lowest revenue estimate was $2.2B, resulting in an average revenue estimate of $2.58B. In the same quarter a year ago, actual revenue was $2.33BBased on 13 analysts’ estimates, the company’s revenue will be $3.01B in the next fiscal year. The high estimate is $3.71B and the low estimate is $2.73B.
