Range Resources Corp (NYSE: RRC) is -7.65% lower on its value in year-to-date trading and has touched a low of $27.29 and a high of $39.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RRC stock was last observed hovering at around $27.90 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $28.11, the stock is -5.60% and -10.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 0.75% at the moment leaves the stock -13.76% off its SMA200. RRC registered -13.48% loss for a year compared to 6-month loss of -13.98%.
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The stock witnessed a -5.73% gain in the last 1 month and extending the period to 3 months gives it a -24.94%, and is -2.77% 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 2.26% over the week and 2.29% over the month.
Range Resources Corp (RRC) has around 548 employees, a market worth around $6.81B and $2.27B in sales. Current P/E ratio is 14.34 and Fwd P/E is 8.50. Profit margin for the company is 20.93%. Distance from 52-week low is 3.00% and -28.53% from its 52-week high. The company has generated returns on investments over the last 12 months (9.49%).
The EPS is expected to shrink by -5.37% this year.
Range Resources Corp (RRC) Top Institutional Holders
569.0 institutions hold shares in Range Resources Corp (RRC), with institutional investors hold 99.75% of the company’s shares. The shares outstanding are 241.04M, and float is at 234.35M with Short Float at 4.87%. Institutions hold 97.20% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 29.37 million shares valued at $984.71 million. The investor’s holdings represent 12.2109% of the RRC Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 27.43 million shares valued at $919.59 million to account for 11.4034 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 24.58 million shares representing 10.2218% and valued at over $824.3 million, while BLACKROCK INC. holds 9.4878 of the shares totaling 22.82 million with a market value of $765.11 million.
Range Resources Corp (RRC) Insider Activity
The most recent transaction is an insider sale by Spiller Reginal, the company’s Director. 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 16 ’24 that Scucchi Mark (EVP & CFO) sold a total of 49,569 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $36.91 per share for $1.83 million. Following the transaction, the insider now directly holds 94713.0 shares of the RRC stock.
Still, SEC filings show that on May 17 ’24, Degner Dennis (Chief Executive Officer & Pres) disposed off 101,000 shares at an average price of $37.78 for $3.82 million. The insider now directly holds 198,154 shares of Range Resources Corp (RRC).
