Range Resources Corp [RRC] stock is trading at $31.33, down -0.35%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RRC shares have gain 5.17% over the last week, with a monthly amount glided 3.84%, 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 October 02, 2024, when Barclays upgraded its rating to a Equal Weight and also revised its price target to $34 from $35. Previously, Wells Fargo upgraded its rating to Overweight on October 01, 2024, and elevated its price target to $39. On August 20, 2024, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $45 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $31 on August 15, 2024. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on April 26, 2024, and upped its price target to $39. In a note dated April 11, 2024, Scotiabank downgraded an Sector Perform rating on this stock but restated the target price of $45.
Range Resources Corp [RRC] stock has fluctuated between $27.29 and $39.33 over the past year. Currently, Wall Street analysts expect the stock to reach $31.53 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $31.33 at the most recent close of the market. An investor can expect a potential return of 0.64% based on the average RRC price forecast.
Analyzing the RRC fundamentals
Range Resources Corp [NYSE:RRC] reported sales of 2.27B for the trailing twelve months, which represents a drop of -0.60%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.2%. 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 of0.47.
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 30.89 points at the first support level, and at 30.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.81, and for the 2nd resistance point, it is at 32.30.
Ratios To Look Out For
For context, Range Resources Corp’s Current Ratio is 0.54. In addition, the Quick Ratio stands at 0.54 and the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 15.91.
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.
