Range Resources Corp (NYSE: RRC) is 12.35% higher 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 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 $33.18 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $34.20, the stock is -1.47% and 3.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 3.07% at the moment leaves the stock 2.91% off its SMA200. RRC registered 12.13% gain for a year compared to 6-month gain of -0.75%. The firm has a 50-day simple moving average (SMA 50) of $33.0544 and a 200-day simple moving average (SMA200) of $33.22775.
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The stock witnessed a -3.85% loss in the last 1 month and extending the period to 3 months gives it a 9.97%, and is -1.01% 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 3.36% over the week and 2.99% over the month.
Range Resources Corp (RRC) has around 548 employees, a market worth around $8.26B and $2.27B in sales. Current P/E ratio is 17.37 and Fwd P/E is 11.71. Profit margin for the company is 21.03%. Distance from 52-week low is 25.32% and -13.04% from its 52-week high. The company has generated returns on investments over the last 12 months (9.55%).
with sales reaching $694.33M over the same period.The EPS is expected to shrink by -8.93% this year, but quarterly earnings will post -26.73% year-over-year. Quarterly sales are estimated to shrink -26.24% in year-over-year returns.
Range Resources Corp (RRC) Top Institutional Holders
553.0 institutions hold shares in Range Resources Corp (RRC), with institutional investors hold 99.21% of the company’s shares. The shares outstanding are 241.31M, and float is at 238.13M with Short Float at 6.66%. Institutions hold 96.67% 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 2,800 shares of the company’s common stock on Nov 11 ’24 at a price of $34.24 per share for a total of $95872.0. Following the sale, the insider now owns 12453.0 shares.
Range Resources Corp disclosed in a document filed with the SEC on Oct 24 ’24 that Griffie Charles G. (Director) bought a total of 1,275 shares of the company’s common stock. The trade occurred on Oct 24 ’24 and was made at $31.46 per share for $40112.0. Following the transaction, the insider now directly holds 5921.0 shares of the RRC stock.
Still, SEC filings show that on Sep 23 ’24, Kavanaugh Ashley (VP, Principal Accting Officer) disposed off 12,700 shares at an average price of $31.45 for $0.4 million. The insider now directly holds 9,670 shares of Range Resources Corp (RRC).
