Range Resources Corp [NYSE: RRC] closed the trading session at $30.17.
The stocks have a year to date performance of -0.89 percent and weekly performance of -1.11 percent. The stock has been moved at -12.17 percent over the last six months. The stock has performed 1.41 percent around the most recent 30 days and changed -9.99 percent over the most recent 3-months.
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If compared to the average trading volume of 2.01M shares, RRC reached to a volume of 3021343 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 Corp [RRC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RRC shares is $35.17 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 2.89. 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.
Scotiabank have made an estimate for Range Resources Corp shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on August 20, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $43 to $31. The new note on the price target was released on August 15, 2024, representing the official price target for Range Resources Corp stock. On April 26, 2024, analysts increased their price target for RRC shares from 36 to 39.
The Average True Range (ATR) for Range Resources Corp is set at 0.85, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 3.22. The Price to Book ratio for the last quarter was 1.89, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for RRC in the course of the last twelve months was 32.51 with Quick ratio for the last quarter at 0.58.
RRC stock trade performance evaluation
Range Resources Corp [RRC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. With this latest performance, RRC shares gained by 1.41% in over the last four-week period, additionally sinking by -12.17% over the last 6 months – not to mention a drop of -2.27% 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 51.24, with the RSI for the last a single of trading hit 52.16, and the three-weeks RSI is set at 49.15 for Range Resources Corp [RRC]. The present Moving Average for the last 50 days of trading for this stock 30.21, while it was recorded at 30.78 for the last single week of trading, and 32.47 for the last 200 days.
Range Resources Corp [RRC]: An insightful look at the core fundamentals
Range Resources Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.58.
Earnings per share (EPS) analysis for Range Resources Corp [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 Corp go to 18.00%.
Range Resources Corp [RRC]: Institutional Ownership
There are presently around $97.18%, or 99.72%% of RRC stock, in the hands of institutional investors. The top three institutional holders of RRC stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 29.37 million shares, which is approximately 12.2109%. FMR LLC, holding 27.43 million shares of the stock with an approximate value of $$919.59 million in RRC stocks shares; and FMR LLC, currently with $$824.3 million in RRC stock with ownership which is approximately 10.2218%.
