Range Resources Corporation [RRC] is 122.39% higher this YTD. Is it still time to buy?

Range Resources Corporation [NYSE: RRC] price plunged by -6.82 percent to reach at -$1.09. The company report on July 27, 2021 that Range Announces Second Quarter 2021 Financial Results.

RANGE RESOURCES CORPORATION (NYSE: RRC) announced its second quarter 2021 financial results.

Highlights –.

A sum of 9253445 shares traded at recent session while its average daily volume was at 5.24M shares. Range Resources Corporation shares reached a high of $15.46 and dropped to a low of $14.40 until finishing in the latest session at $14.90.

The one-year RRC stock forecast points to a potential downside of -4.86. The average equity rating for RRC stock is currently 2.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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.

Raymond James have made an estimate for Range Resources Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 27, 2021. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $8 to $16. The new note on the price target was released on July 19, 2021, representing the official price target for Range Resources Corporation stock. Previously, the target price had yet another raise from $15 to $20, while MKM Partners kept a Buy rating on RRC stock.

The Average True Range (ATR) for Range Resources Corporation is set at 0.94, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 2.17, 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 15.41 with Quick ratio for the last quarter at 0.40.

RRC Stock Performance Analysis:

Range Resources Corporation [RRC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.81. With this latest performance, RRC shares dropped by -10.51% in over the last four-week period, additionally plugging by 71.07% over the last 6 months – not to mention a rise of 149.16% 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 45.90, with the RSI for the last a single of trading hit 42.57, and the three-weeks RSI is set at 48.86 for Range Resources Corporation [RRC]. The present Moving Average for the last 50 days of trading for this stock 15.17, while it was recorded at 15.41 for the last single week of trading, and 10.47 for the last 200 days.

Insight into Range Resources Corporation 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.

RRC Stock EPS

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 22.30%.

Range Resources Corporation [RRC] Insider Position Details

There are presently around $3,461 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 $402.55 million in RRC stocks shares; and STATE STREET CORP, currently with $298.83 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 26,644,607 shares. Additionally, 159 investors decreased positions by around 42,806,210 shares, while 50 investors held positions by with 162,864,178 shares. The mentioned changes placed institutional holdings at 232,314,995 shares, according to the latest SEC report filing. RRC stock had 44 new institutional investments in for a total of 3,600,363 shares, while 48 institutional investors sold positions of 6,769,966 shares during the same period.

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