Range Resources Corp (NYSE: RRC) is -6.86% lower on its value in year-to-date trading and has touched a low of $27.29 and a high of $41.95 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 $33.45 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $33.51, the stock is -13.47% and -12.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 0.18% at the moment leaves the stock -1.85% off its SMA200. RRC registered -4.64% loss for a year compared to 6-month gain of 2.45%. The firm has a 50-day simple moving average (SMA 50) of $38.188 and a 200-day simple moving average (SMA200) of $34.1417.
The stock witnessed a -4.86% loss in the last 1 month and extending the period to 3 months gives it a -6.68%, and is -16.08% 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 6.41% over the week and 3.75% over the month.
Range Resources Corp (RRC) has around 565 employees, a market worth around $8.09B and $2.36B in sales. Current P/E ratio is 30.66 and Fwd P/E is 8.14. Profit margin for the company is 11.23%. Distance from 52-week low is 22.79% and -20.12% from its 52-week high. The company has generated returns on investments over the last 12 months (5.24%).
with sales reaching $812.31M over the same period.The EPS is expected to grow by 54.34% this year, but quarterly earnings will post 34.36% year-over-year. Quarterly sales are estimated to grow 25.87% in year-over-year returns.
Range Resources Corp (RRC) Top Institutional Holders
591.0 institutions hold shares in Range Resources Corp (RRC), with institutional investors hold 102.63% of the company’s shares. The shares outstanding are 240.67M, and float is at 235.02M with Short Float at 6.21%. Institutions hold 99.96% 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 11.3741 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 9.4634 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 Scucchi Mark, the company’s EVP & CFO. SEC filings show that Scucchi Mark sold 59,994 shares of the company’s common stock on Mar 20 ’25 at a price of $40.15 per share for a total of $2.41 million. Following the sale, the insider now owns 0.69 million shares.
Range Resources Corp disclosed in a document filed with the SEC on Mar 20 ’25 that Scucchi Mark (EVP & CFO) sold a total of 45,142 shares of the company’s common stock. The trade occurred on Mar 20 ’25 and was made at $40.27 per share for $1.82 million. Following the transaction, the insider now directly holds 0.0 shares of the RRC stock.
Still, SEC filings show that on Mar 20 ’25, Mark Scucchi (Officer) Proposed Sale 59,994 shares at an average price of $40.15 for $2.41 million. The insider now directly holds shares of Range Resources Corp (RRC).
