Range Resources Corp [NYSE: RRC] traded at a high on Thursday, posting a 4.30 gain after which it closed the day’ session at $32.71.
The results of the trading session contributed to over 2582391 shares changing hands. Over the past one week, the price volatility of Range Resources Corp stands at 3.06% while the volatility over the past one month is 2.82%.
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The market cap for RRC stock reached $7.92 billion, with 241.04 million shares outstanding and 234.37 million shares in the current float. Compared to the average trading volume of 2.01M shares, RRC reached a trading volume of 2582391 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 Corp [RRC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RRC shares is $35.22 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 2.75. 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.
Barclays have made an estimate for Range Resources Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 02, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $35 to $39. The new note on the price target was released on October 01, 2024, representing the official price target for Range Resources Corp stock. Previously, the target price had yet another raise to $45, while Scotiabank analysts kept a Sector Outperform rating on RRC stock. On August 15, 2024, analysts decreased their price target for RRC shares from 43 to 31.
The Average True Range (ATR) for Range Resources Corp is set at 0.92, with the Price to Sales ratio for RRC stock in the period of the last 12 months amounting to 3.49. The Price to Book ratio for the last quarter was 2.05, 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 35.25 with Quick ratio for the last quarter at 0.58.
How has RRC stock performed recently?
Range Resources Corp [RRC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.42. With this latest performance, RRC shares gained by 16.20% in over the last four-week period, additionally sinking by -6.92% over the last 6 months – not to mention a rise of 5.45% 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 69.31, with the RSI for the last a single of trading hit 77.01, and the three-weeks RSI is set at 62.92 for Range Resources Corp [RRC]. The present Moving Average for the last 50 days of trading for this stock 30.06, while it was recorded at 31.29 for the last single week of trading, and 32.51 for the last 200 days.
Range Resources Corp [RRC]: Deeper insight into the 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 analysis for Range Resources Corp [RRC]
With the latest financial reports released by the company, Range Resources Corp posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. 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%.
Insider trade positions for Range Resources Corp [RRC]
There are presently around $97.23%, or 99.78%% 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%.
