Range Resources Corp (NYSE: RRC) is 20.17% higher on its value in year-to-date trading and has touched a low of $23.92 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 $36.11 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $36.58, the stock is 4.26% and 10.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 1.30% at the moment leaves the stock 14.24% off its SMA200. RRC registered 43.45% gain for a year compared to 6-month loss of 6.34%.
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The stock witnessed a 10.15% gain in the last 1 month and extending the period to 3 months gives it a 24.42%, and is 4.66% 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 2.47% over the week and 2.34% over the month.
Range Resources Corp (RRC) has around 548 employees, a market worth around $8.86B and $2.49B in sales. Current P/E ratio is 10.33 and Fwd P/E is 10.49. Profit margin for the company is 34.34%. Distance from 52-week low is 52.93% and -3.43% from its 52-week high. The company has generated returns on investments over the last 12 months (15.38%).
The EPS is expected to shrink by -7.10% this year.
Range Resources Corp (RRC) Top Institutional Holders
The shares outstanding are 241.04M, and float is at 234.41M with Short Float at 6.33%.
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).
