Range Resources Corporation [RRC] Is Currently -4.00 below its 200 Period Moving Avg: What Dose This Mean?

Range Resources Corporation [NYSE: RRC] closed the trading session at $14.87 on 07/16/21. The day’s price range saw the stock hit a low of $14.74, while the highest price level was $15.69. The company report on July 8, 2021 that Range Announces Conference Call to Discuss Second Quarter 2021 Financial Results.

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RANGE RESOURCES CORPORATION (NYSE: RRC) announced that its second quarter 2021 financial results news release will be issued Monday, July 26 after the close of trading on the New York Stock Exchange.

A conference call to review the financial results is scheduled on Tuesday, July 27 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company’s website until August 27, 2021.

The stocks have a year to date performance of 121.94 percent and weekly performance of -12.22 percent. The stock has been moved at 49.30 percent over the last six months. The stock has performed -2.56 percent around the most recent 30 days and changed 59.04 percent over the most recent 3-months.

If compared to the average trading volume of 5.13M shares, RRC reached to a volume of 3918137 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $14.21 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 2.90. 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.

MKM Partners have made an estimate for Range Resources Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 08, 2021. The new note on the price target was released on June 21, 2021, representing the official price target for Range Resources Corporation stock. Previously, the target price had yet another raise to $16, while Tudor Pickering analysts kept a Hold rating on RRC stock. On June 10, 2021, analysts increased their price target for RRC shares from 15 to 20.

The Average True Range (ATR) for Range Resources Corporation is set at 0.87, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 2.16, 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 16.03 with Quick ratio for the last quarter at 0.40.

RRC stock trade performance evaluation

Range Resources Corporation [RRC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.22. With this latest performance, RRC shares dropped by -2.56% in over the last four-week period, additionally plugging by 49.30% over the last 6 months – not to mention a rise of 120.62% 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 44.03, with the RSI for the last a single of trading hit 36.23, and the three-weeks RSI is set at 48.85 for Range Resources Corporation [RRC]. The present Moving Average for the last 50 days of trading for this stock 14.69, while it was recorded at 15.92 for the last single week of trading, and 10.19 for the last 200 days.

Range Resources Corporation [RRC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Range Resources Corporation [RRC] shares currently have an operating margin of -13.36 and a Gross Margin at -3.31. Range Resources Corporation’s Net Margin is presently recorded at -39.97.

Return on Total Capital for RRC is now -4.58, given the latest momentum, and Return on Invested Capital for the company is -13.84. Return on Equity for this stock declined to -35.72, with Return on Assets sitting at -10.57. When it comes to the capital structure of this company, Range Resources Corporation [RRC] has a Total Debt to Total Equity ratio set at 192.57. Additionally, RRC Total Debt to Total Capital is recorded at 65.82, with Total Debt to Total Assets ending up at 45.99. Long-Term Debt to Equity for the company is recorded at 188.30, with the Long-Term Debt to Total Capital now at 64.36.

Reflecting on the efficiency of the workforce at the company, Range Resources Corporation [RRC] managed to generate an average of -$1,335,417 per employee. Receivables Turnover for the company is 6.78 with a Total Asset Turnover recorded at a value of 0.26.Range Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Earnings per share (EPS) analysis for Range Resources Corporation [RRC] stock

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%.

Range Resources Corporation [RRC]: Insider Ownership positions

There are presently around $3,497 million, or 93.00% of RRC stock, in the hands of institutional investors. The top three institutional holders of RRC stocks are: BLACKROCK INC. with ownership of 39,842,741, which is approximately 7.203% of the company’s market cap and around 2.40% of the total institutional ownership; VANGUARD GROUP INC, holding 27,016,692 shares of the stock with an approximate value of $401.74 million in RRC stocks shares; and STATE STREET CORP, currently with $298.23 million in RRC stock with ownership of nearly 27.258% of the company’s market capitalization.

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Positions in Range Resources Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 111 institutional holders increased their position in Range Resources Corporation [NYSE:RRC] by around 26,630,234 shares. Additionally, 161 investors decreased positions by around 40,366,771 shares, while 50 investors held positions by with 168,174,084 shares. The mentioned changes placed institutional holdings at 235,171,089 shares, according to the latest SEC report filing. RRC stock had 42 new institutional investments in for a total of 3,571,771 shares, while 51 institutional investors sold positions of 6,866,610 shares during the same period.

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