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Range Resources Corp (NYSE: RRC) closed the day trading at $33.62 up 2.44% from the previous closing price of $32.82. In other words, the price has increased by $2.44 from its previous closing price. On the day, 2.47 million shares were traded. RRC stock price reached its highest trading level at $33.63 during the session, while it also had its lowest trading level at $33.0.
Ratios:
For a better understanding of RRC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.73. 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.
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:
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 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 8157120000 and an Enterprise Value of 9718253568. As of this moment, Range’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.10, and their Forward P/E ratio for the next fiscal year is 9.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.60 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 4.839 whereas that against EBITDA is 7.938.
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 -5.04%, while the 200-Day Moving Average is calculated to be 0.93%.
Shares Statistics:
Over the past 3-months, RRC traded about 2.39M shares per day on average, while over the past 10 days, RRC traded about 1965800 shares per day. A total of 241.04M shares are outstanding, with a floating share count of 235.09M. Insiders hold about 3.11% of the company’s shares, while institutions hold 98.07% stake in the company. Shares short for RRC as of 1719532800 were 12694019 with a Short Ratio of 5.30, compared to 1717113600 on 11973530. Therefore, it implies a Short% of Shares Outstanding of 12694019 and a Short% of Float of 7.1499999999999995.
Dividends & Splits
RRC’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.009750152The stock’s 5-year Average Dividend Yield is 0.78.
