Range Resources Corporation (RRC) saw an uptrend of 0.26% in the recent trading with $7.73 being its most recent. The current price level -17.85% lower than the highest price of $9.41 marked by the stock while trading over the past 52-weeks, whereas it is 380.12% higher than the lowest price of $1.61 the company dropped to over past 52-weeks. The latest news story on RRC appeared in GlobeNewswire under the title “Range Announces Pricing of Upsized $600 Million Offering of Senior Notes” on Jan-05-21.
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Squeezing the time span to 30 day period shows us the stock is currently trading -2.29% below one month high and is +24.23% above of the lowest during that time. Looking into the simple moving average, Range Resources Corporation (RRC)’s stock stands at a SMA-50 of $7.09 while that of 5-day is reading $7.33.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RRC’s SMA-200 as of now is $6.63.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Range Resources Corporation (RRC) last released financial results for the quarter that ended 9/29/2020, posting a surprise factor of -150.00% for net revenue. During the reported three-month period, company’s sales were $424.04 billion while analysts on average were estimating the same to be $513.63 million.
The perspective of Range Resources Corporation (NYSE:RRC)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.02 for stock’s EPS in the current quarter. 24 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.05.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 239.90 million. RRC does have institutional investors; and they hold 96.40% or $2844.64 of the stock.
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, RRC declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Sep 29, 2020, Blackrock Inc. was the top most holder in Range Resources Corporation (NYSE:RRC) with an ownership of 36.55 million shares of the company or 14.26% of the stake worth $241.93 million. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 10.46% of the outstanding shares. Its stake is worth $177.45 million for having 26.8 million shares in hand.
State Street Corporation also came holding a key position in the company during the recent quarter and it now holds 6.71% of the outstanding shares. With this there are now 368 institutions which have possession in RRC’s shares.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Range Resources Corporation And review of current evaluations agreed by the analysts discloses a Buy rating for RRC. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.80 for the stock. Lower value of between 0 and 2 implies a Buy recommendation whereas the value in the range of 2 to 3 suggests Hold while above 3 recommends the investors to Sell the stock. Currently, the stock has been recommended as Moderate Buy by 28 of the Wall Street analysts.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Range Resources Corporation was 0.76 while posting a debt to equity ratio of 1.86. The count was 136.91 for long-term debt to equity ratio.
Range Resources Corporation’s return on equity, or ROE, is -112.70%, compared to the industry average of -8.41% for Energy – Oil & Gas E&P. Although this indicates that RRC fails to use its equity well, the metric will vary significantly depending on the industry.
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Range Resources Corporation (RRC), we notice that the stock’s 20-day average volume is at 5,723,432 shares. Its 50-day average volume of 6,024,193 shares. And to end, RRC’s 100-day average volume is 5,572,923 shares with 100% of the long-term indicators pointing towards Buy for the stock.