Range Resources Corp [RRC] stock prices are up 1.14% to $30.16 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RRC shares have gain 6.42% over the last week, with a monthly amount drifted -13.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts downgraded its rating to Sector Perform on April 26, 2024, and elevated its price target to $39. On April 11, 2024, downgrade downgraded it’s rating to Sector Perform but maintained its price target of $45 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $35 on April 10, 2024. The Benchmark Company downgraded its rating to a Hold. Wells Fargo downgraded its rating to Equal Weight for this stock on December 14, 2023, and downed its price target to $32. In a note dated December 06, 2023, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $33 to $32.
The stock price of Range Resources Corp [RRC] has been fluctuating between $27.29 and $39.33 over the past year. Currently, Wall Street analysts expect the stock to reach $31.18 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $30.16 at the most recent close of the market. An investor can expect a potential return of 3.38% based on the average RRC price forecast.
Analyzing the RRC fundamentals
Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.13 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.94 points at the first support level, and at 29.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.43, and for the 2nd resistance point, it is at 30.70.
Ratios To Look Out For
It’s worth pointing out that Range Resources Corp [NYSE:RRC]’s Current Ratio is 0.58. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 3.22, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 15.38.
Transactions by insiders
Recent insider trading involved Spiller Reginal, Director, that happened on May 21 ’24 when 1460.0 shares were sold. Chief Executive Officer & Pres, Degner Dennis completed a deal on May 17 ’24 to sell 0.1 million shares. Meanwhile, EVP & CFO Scucchi Mark sold 49569.0 shares on May 16 ’24.
