Range Resources Corp (NYSE: RRC) is 5.26% higher on its value in year-to-date trading and has touched a low of $22.72 and a high of $37.88 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 $32.15 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $32.04, the stock is 0.30% and 5.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.85 million and changing -0.34% at the moment leaves the stock 2.71% off its SMA200. RRC registered 33.06% gain for a year compared to 6-month loss of -3.67%. The firm has a 50-day simple moving average (SMA 50) of $3.66 and a 200-day simple moving average (SMA200) of $5.93.
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The stock witnessed a 11.06% gain in the last 1 month and extending the period to 3 months gives it a 7.99%, and is -3.23% down 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 2.49% over the week and 2.91% over the month.
Range Resources Corp (RRC) has around 548 employees, a market worth around $7.76B and $2.49B in sales. Current P/E ratio is 9.05 and Fwd P/E is 8.76. Profit margin for the company is 34.34%. Distance from 52-week low is 41.02% and -15.42% from its 52-week high. The company has generated returns on investments over the last 12 months (15.38%).
Range Resources Corp quarterly earnings per share for the current quarter are estimated at $0.6 with sales reaching $683.42M over the same period.The EPS is expected to shrink by -2.27% this year, but quarterly earnings will post 7.70% year-over-year. Quarterly sales are estimated to shrink -11.20% in year-over-year returns.
Range Resources Corp (RRC) Top Institutional Holders
545 institutions hold shares in Range Resources Corp (RRC), with institutional investors hold 103.76% of the company’s shares. The shares outstanding are 241.04M, and float is at 234.50M with Short Float at 6.74%. Institutions hold 100.76% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 36.19 million shares valued at $1.06 billion. The investor’s holdings represent 15.04% of the RRC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 24.32 million shares valued at $714.93 million to account for 10.11% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 22.8 million shares representing 9.47% and valued at over $670.21 million, while Blackrock Inc. holds 9.28% of the shares totaling 22.33 million with a market value of $656.4 million.
Range Resources Corp (RRC) Insider Activity
The most recent transaction is an insider sale by Ginn Dori,the company’sSVP, Principal Accting Officer. SEC filings show that Ginn Dori sold 25,000 shares of the company’s common stock on Nov 03 ’23 at a price of $37.23 per share for a total of $0.93 million. Following the sale, the insider now owns 60804.0 shares.
Range Resources Corp disclosed in a document filed with the SEC on Nov 02 ’23 that Ginn Dori (SVP, Principal Accting Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 02 ’23 and was made at $37.35 per share for $0.93 million. Following the transaction, the insider now directly holds 85804.0 shares of the RRC stock.
Still, SEC filings show that on Jun 15 ’23, Spiller Reginal (Director) disposed off 1,950 shares at an average price of $26.80 for $52260.0. The insider now directly holds 16,713 shares of Range Resources Corp (RRC).
