Range Resources Corp (NYSE:RRC) currently has a daily average trading volume of 2.38M but it saw 1364196 shares traded in last market. With a market cap of 7.17B USD, the company’s current market price of $29.63 came rising about 3.24 while comparing to the previous closing price of $28.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.33 and as low as $27.29. In the recent trading on the day, stock has struck highest price mark of $28.89 while lowest mark touched by it was $29.735.
Taking a look at 20-day trading activity of Range Resources Corp (RRC) gives us an average price of $31.71, while its current price level is -24.66% below from 52-week high level whereas it is 8.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $33.72 while that of 200 days or SMA-200 reads an average of $33.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.14% during that period while stretching the period over a month that decreases to 3.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.73 which implies that the stock is in neutral territory.
RBC Capital Mkts downgraded its recommendation for the stock as a “Sector Perform” from “Outperform” on April 26, 2024 while assigning a price target range of $36-$39. Scotiabank issued its recommendations for the stock as it downgraded the price target for the stock is $45.
Over the week, RRC’s stock price is moving -4.54% down while it is -11.53% when we observe its performance for the past one month. Year-to-date it is -2.66% down and over the past year, the stock is showing a downside performance of -11.34%.
Currently, Range Resources Corp’s total number of outstanding shares is 241.04M. Company’s return on investment (ROI) stands at 9.49% and return on equity (ROE) at 13.10%. It has a price to earnings ratio (P/E ratio) of 15.11 while having a 8.68 of forward P/E ratio. Stock’s beta reads 1.82. Stock has a price to book (P/B) ratio of 1.86 while price to sale or P/S ratio amounts to 3.16. Its return on asset (ROA) is 6.76% on average.
