Range Resources Corp (NYSE:RRC) currently has a daily average trading volume of 2.35M but it saw 3130653 shares traded in last market. With a market cap of 9.79B USD, the company’s current market price of $40.56 came falling about -1.07 while comparing to the previous closing price of $41.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.95 and as low as $27.29. In the recent trading on the day, stock has struck highest price mark of $40.32 while lowest mark touched by it was $41.24.
Taking a look at 20-day trading activity of Range Resources Corp (RRC) gives us an average price of $37.76, while its current price level is -3.31% below from 52-week high level whereas it is 48.63% 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 $35.86 while that of 200 days or SMA-200 reads an average of $33.66. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.61% during that period while stretching the period over a month that increases to 2.68%. 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 72.48 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which downgraded the stock as “Sector Perform” in its note to investors issued on January 17, 2025, recommending a price target of $45 for it. BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on January 13, 2025 while assigning a price target range of $34-$45. Wolfe Research issued its recommendations for the stock as it upgraded the price target for the stock is $42.
Over the week, RRC’s stock price is moving 0.57% up while it is 22.39% when we observe its performance for the past one month. Year-to-date it is 12.73% up and over the past year, the stock is showing an upside performance of 38.01%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0.6 while estimate for next year EPS is 2.23. In next quarter, company is expected to be making quarterly sales of $767.96M as analysts are expecting the sales for current fiscal year at $2.49B and seeing the company making $3.08B in sales next year. Moreover, analysts are in estimates of $700.64M for current-quarter revenue.
Currently, Range Resources Corp’s total number of outstanding shares is 241.31M with 2.55% of that held by the insiders while 96.97% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 9.55% and return on equity (ROE) at 13.03%. It has a price to earnings ratio (P/E ratio) of 20.60 while having a 12.69 of forward P/E ratio. Stock’s beta reads 1.79. Stock has a price to book (P/B) ratio of 2.53 while price to sale or P/S ratio amounts to 4.32. Its return on asset (ROA) is 6.76% on average.
