Range Resources Corp (NYSE: RRC) is 11.56% higher on its value in year-to-date trading and has touched a low of $27.60 and a high of $39.33 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 $33.65 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $33.96, the stock is -2.70% and -5.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 0.92% at the moment leaves the stock 2.37% off its SMA200. RRC registered 21.03% gain for a year compared to 6-month gain of 12.12%.
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The stock witnessed a -7.16% loss in the last 1 month and extending the period to 3 months gives it a -3.05%, and is 1.28% 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 2.22% over the week and 2.65% over the month.
Range Resources Corp (RRC) has around 548 employees, a market worth around $8.24B and $2.27B in sales. Current P/E ratio is 17.27 and Fwd P/E is 9.66. Profit margin for the company is 20.97%. Distance from 52-week low is 23.04% and -13.65% from its 52-week high. The company has generated returns on investments over the last 12 months (8.42%).
with sales reaching $615.54M over the same period.The EPS is expected to shrink by -2.49% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 31.40% in year-over-year returns.
Range Resources Corp (RRC) Top Institutional Holders
The shares outstanding are 241.04M, and float is at 235.09M with Short Float at 5.28%.
Range Resources Corp (RRC) Insider Activity
The most recent transaction is an insider sale by Spiller Reginal,the company’sDirector. SEC filings show that Spiller Reginal sold 1,460 shares of the company’s common stock on May 21 ’24 at a price of $38.68 per share for a total of $56468.0. Following the sale, the insider now owns 15253.0 shares.
Range Resources Corp disclosed in a document filed with the SEC on May 17 ’24 that Degner Dennis (Chief Executive Officer & Pres) sold a total of 101,000 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $37.78 per share for $3.82 million. Following the transaction, the insider now directly holds 0.2 million shares of the RRC stock.
Still, SEC filings show that on May 16 ’24, Scucchi Mark (EVP & CFO) disposed off 49,569 shares at an average price of $36.91 for $1.83 million. The insider now directly holds 94,713 shares of Range Resources Corp (RRC).
