Range Resources Corporation [RRC] gain 172.69% so far this year. What now?



Range Resources Corporation [NYSE: RRC] traded at a low on 12/30/21, posting a -3.89 loss after which it closed the day’ session at $18.27. The company report on November 3, 2021 that Range Resources Publishes Updated Corporate Sustainability Report.

Company Targets Net Zero GHG Emissions by 2025.

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2021 RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced the publication of an updated Corporate Sustainability Report today. The 2020-2021 Corporate Sustainability Report provides a detailed insight into Range’s approach, achievements, and goals on environmental, social, and governance topics.

The results of the trading session contributed to over 2004211 shares changing hands. Over the past one week, the price volatility of Range Resources Corporation stands at 4.25% while the volatility over the past one month is 4.94%.

The market cap for RRC stock reached $4.83 billion, with 243.31 million shares outstanding and 235.00 million shares in the current float. Compared to the average trading volume of 4.47M shares, RRC reached a trading volume of 2004211 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 $26.62 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.

Morgan Stanley have made an estimate for Range Resources Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on October 26, 2021, representing the official price target for Range Resources Corporation stock. Previously, the target price had yet another raise from $18 to $32, while Stifel kept a Buy rating on RRC stock. On October 14, 2021, analysts increased their price target for RRC shares from 18 to 30.

The Average True Range (ATR) for Range Resources Corporation is set at 0.90, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 3.76, 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 8.57 with Quick ratio for the last quarter at 0.20.

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 -2.09. With this latest performance, RRC shares dropped by -6.60% in over the last four-week period, additionally plugging by 8.62% over the last 6 months – not to mention a rise of 172.69% 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 40.38, with the RSI for the last a single of trading hit 40.60, and the three-weeks RSI is set at 41.39 for Range Resources Corporation [RRC]. The present Moving Average for the last 50 days of trading for this stock 21.13, while it was recorded at 18.78 for the last single week of trading, and 16.46 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 -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 0.20 and a Current Ratio set at 0.30.

Earnings analysis for Range Resources Corporation [RRC]

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 12.20%.

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Insider trade positions for Range Resources Corporation [RRC]

There are presently around $4,454 million, or 91.80% of RRC stock, in the hands of institutional investors. The top three institutional holders of RRC stocks are: BLACKROCK INC. with ownership of 39,168,977, which is approximately -2.792% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 27,367,084 shares of the stock with an approximate value of $520.25 million in RRC stocks shares; and FMR LLC, currently with $404.6 million in RRC stock with ownership of nearly 4.516% of the company’s market capitalization.

Positions in Range Resources Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 118 institutional holders increased their position in Range Resources Corporation [NYSE:RRC] by around 15,154,539 shares. Additionally, 148 investors decreased positions by around 23,608,811 shares, while 59 investors held positions by with 195,554,443 shares. The mentioned changes placed institutional holdings at 234,317,793 shares, according to the latest SEC report filing. RRC stock had 48 new institutional investments in for a total of 7,489,586 shares, while 37 institutional investors sold positions of 5,389,131 shares during the same period.