Range Resources Corporation (RRC) Review – Making Smarter Decisions

368 institutions hold shares in Range Resources Corporation (RRC), with 5.67M shares held by insiders accounting for 2.40% while institutional investors hold 98.21% of the company’s shares. The shares outstanding are 239.90M, and float is at 235.66M with Short Float at 14.93%. Institutions hold 95.85% of the Float.


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The top institutional shareholder in the company is Blackrock Inc. with over 37.17 million shares valued at $249.01 million. The investor’s holdings represent 14.50% of the RRC Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 26.8 million shares valued at $177.45 million to account for 10.46% of the shares outstanding. The other top investors are State Street Corporation which holds 17.21 million shares representing 6.71% and valued at over $113.91 million, while Dimensional Fund Advisors LP holds 6.03% of the shares totaling 15.45 million with a market value of $102.27 million.

Range Resources Corporation (NYSE: RRC) is 53.73% higher on its value in year-to-date trading and has touched a low of $1.61 and a high of $11.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RRC stock was last observed hovering at around $10.17 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $10.00 for the next 12 months. It is also 31.33% off the consensus price target high of $15.00 offered by 29 analysts, but current levels are -47.14% lower than the price target low of $7.00 for the same period.

Currently trading at $10.30, the stock is 6.28% and 21.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.88 million and changing 1.28% at the moment leaves the stock 39.34% off its SMA200. RRC registered 228.03% gain for a year compared to 6-month gain of 25.30%. The firm has a 50-day simple moving average (SMA 50) of $9.24 and a 200-day simple moving average (SMA200) of $7.90.

The stock witnessed a 19.49% loss in the last 1 month and extending the period to 3 months gives it a 44.46%, and is 1.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.69% over the week and 8.41% over the month.

Range Resources Corporation (RRC) has around 655 employees, a market worth around $2.69B and $1.85B in sales. Fwd P/E is 10.46. Distance from 52-week low is 539.75% and -11.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.10%).

Range Resources Corporation (RRC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Range Resources Corporation (RRC) is a “Hold”. 29 analysts offering their recommendations for the stock have an average rating of 2.80, where 17 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

Range Resources Corporation is expected to release its quarterly report on 04/26/2021 and quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $497.57M over the same period.The EPS is expected to grow by 2.40% this year, but quarterly earnings will post -18.70% year-over-year. Quarterly sales are estimated to shrink -8.80% in year-over-year returns.

Range Resources Corporation (RRC) Insider Activity

A total of 12 insider transactions have happened at Range Resources Corporation (RRC) in the last six months, with sales accounting for 0 and purchases happening 12 times. The most recent transaction is an insider purchase by FUNK JAMES M, the company’s Director. SEC filings show that FUNK JAMES M bought 25,000 shares of the company’s common stock on Mar 27 at a price of $2.16 per share for a total of $54000.0. Following the purchase, the insider now owns 39000.0 shares.

Range Resources Corporation disclosed in a document filed with the SEC on Mar 12 that GRAY STEVEN D (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $2.11 per share for $0.21 million. Following the transaction, the insider now directly holds 0.15 million shares of the RRC stock.

Still, SEC filings show that on Mar 10, PALKO STEFFEN E (Director) acquired 903,128 shares at an average price of $2.20 for $1.98 million. The insider now directly holds 1,000,000 shares of Range Resources Corporation (RRC).

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Range Resources Corporation (RRC): Who are the competitors?

The company’s main competitors (and peers) include Cabot Oil & Gas Corporation (COG) that is trading 23.17% up over the past 12 months. Pioneer Natural Resources Company (PXD) is -1.95% down on the 1-year trading charts. Short interest in the company’s stock has fallen -11.2% from the last report on Dec 30, 2020 to stand at a total of 39.13 million short shares sold with a short interest ratio of 5.09.

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