Currently, Range Resources Corp [RRC] is trading at $31.52, up 2.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RRC shares have gain 6.78% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Range Resources Corp [NYSE: RRC] stock has seen the most recent analyst activity on August 20, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $45 for it. Previously, Piper Sandler downgraded its rating to Neutral on August 15, 2024, and dropped its price target to $31. RBC Capital Mkts downgraded its rating to a Sector Perform and increased its price target to $39 on April 26, 2024. Scotiabank downgraded its rating to a Sector Perform but $45 remained the price target by the analyst firm on April 11, 2024. Barclays started tracking with a Underweight rating for this stock on April 10, 2024, and assigned it a price target of $35. In a note dated January 11, 2024, The Benchmark Company downgraded an Hold rating on this stock.
This stock has fluctuated between a low of $27.29 and a high of $39.33 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $31.52 at the most recent close of the market. An investor can expect a potential drop of -1.65% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
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 30.86 points at the first support level, and at 30.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.09, and for the 2nd resistance point, it is at 32.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Range Resources Corp [NYSE:RRC] is 0.58. Further, the Quick Ratio stands at 0.58, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 3.36, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 16.07.
Transactions by insiders
Recent insider trading involved Kavanaugh Ashley, VP, Principal Accting Officer, that happened on Sep 23 ’24 when 12700.0 shares were sold. Officer, Ashley Kavanaugh completed a deal on Sep 23 ’24 to buy 12700.0 shares. Meanwhile, Director Spiller Reginal sold 1460.0 shares on May 21 ’24.
