Range Resources Corporation [NYSE: RRC] jumped around 0.26 points on Wednesday, while shares priced at $10.69 at the close of the session, up 2.49%. The company report on February 24, 2021 that Range Announces Fourth Quarter 2020 Results.
RANGE RESOURCES CORPORATION (NYSE: RRC) announced its fourth quarter 2020 financial results, proved reserves and plans for 2021.
Range Resources Corporation stock is now 59.55% up from its year-to-date (YTD) trading value. RRC Stock saw the intraday high of $10.845 and lowest of $9.93 per share. The company’s 52-week high price is 11.60, which means current price is +57.67% above from all time high which was touched on 02/17/21.
Compared to the average trading volume of 6.31M shares, RRC reached a trading volume of 7592765 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Range Resources Corporation [RRC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RRC shares is $9.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RRC stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CapitalOne have made an estimate for Range Resources Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 16, 2021. While these analysts kept the previous recommendation, Siebert Williams Shank raised their target price to Hold. The new note on the price target was released on February 01, 2021, representing the official price target for Range Resources Corporation stock. Previously, the target price had yet another raise to $11, while Tudor Pickering analysts kept a Buy rating on RRC stock.
The Average True Range (ATR) for Range Resources Corporation is set at 0.84, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for RRC in the course of the last twelve months was 9.19 with Quick ratio for the last quarter at 0.30.
How has RRC stock performed recently?
Range Resources Corporation [RRC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.80. With this latest performance, RRC shares gained by 19.18% in over the last four-week period, additionally plugging by 29.89% over the last 6 months – not to mention a rise of 273.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RRC stock in for the last two-week period is set at 60.02, with the RSI for the last a single of trading hit 60.03, and the three-weeks RSI is set at 59.69 for Range Resources Corporation [RRC]. The present Moving Average for the last 50 days of trading for this stock 8.66, while it was recorded at 10.39 for the last single week of trading, and 7.46 for the last 200 days.
Range Resources Corporation [RRC]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Range Resources Corporation [RRC] shares currently have an operating margin of -43.39 and a Gross Margin at -36.65. Range Resources Corporation’s Net Margin is presently recorded at -66.00.
Return on Total Capital for RRC is now -16.74, given the latest momentum, and Return on Invested Capital for the company is -25.51. Return on Equity for this stock declined to -53.58, with Return on Assets sitting at -21.04. When it comes to the capital structure of this company, Range Resources Corporation [RRC] has a Total Debt to Total Equity ratio set at 138.10. Additionally, RRC Total Debt to Total Capital is recorded at 58.00, with Total Debt to Total Assets ending up at 49.03. Long-Term Debt to Equity for the company is recorded at 136.91, with the Long-Term Debt to Total Capital now at 57.50.
Reflecting on the efficiency of the workforce at the company, Range Resources Corporation [RRC] managed to generate an average of -$2,620,684 per employee. Receivables Turnover for the company is 6.81 with a Total Asset Turnover recorded at a value of 0.32.Range Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Earnings analysis for Range Resources Corporation [RRC]
With the latest financial reports released by the company, Range Resources Corporation posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 500.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RRC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Range Resources Corporation go to 31.86%.
Insider trade positions for Range Resources Corporation [RRC]
There are presently around $2,660 million, or 95.00% of RRC stock, in the hands of institutional investors. The top three institutional holders of RRC stocks are: BLACKROCK INC. with ownership of 37,165,801, which is approximately 1.697% of the company’s market cap and around 1.80% of the total institutional ownership; SAILINGSTONE CAPITAL PARTNERS LLC, holding 29,809,012 shares of the stock with an approximate value of $318.66 million in RRC stocks shares; and VANGUARD GROUP INC, currently with $289.88 million in RRC stock with ownership of nearly 1.164% of the company’s market capitalization.
Positions in Range Resources Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 127 institutional holders increased their position in Range Resources Corporation [NYSE:RRC] by around 35,266,896 shares. Additionally, 128 investors decreased positions by around 26,817,541 shares, while 63 investors held positions by with 186,739,749 shares. The mentioned changes placed institutional holdings at 248,824,186 shares, according to the latest SEC report filing. RRC stock had 44 new institutional investments in for a total of 6,633,864 shares, while 33 institutional investors sold positions of 6,177,802 shares during the same period.