Range Resources Corp [RRC] stock prices are down -1.07% to $34.09 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RRC shares have gain 10.75% over the last week, with a monthly amount glided 11.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays upgraded its rating to Equal Weight on October 02, 2024, and dropped its price target to $34. On October 01, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $39 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $45 on August 20, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $31 on August 15, 2024. In a note dated April 26, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock and boosted its target price from $36 to $39.
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 $31.53 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $34.09 at the most recent close of the market. An investor can expect a potential drop of -7.51% based on the average RRC price forecast.
Analyzing the RRC fundamentals
The Range Resources Corp [NYSE:RRC] reported sales of 2.27B for trailing twelve months, representing a drop of -0.60%. Gross Profit Margin for this corporation currently stands at 0.24% 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 of0.44.
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 33.88 points at the first support level, and at 33.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.42, and for the 2nd resistance point, it is at 34.75.
Ratios To Look Out For
It’s worth pointing out that Range Resources Corp [NYSE:RRC]’s Current Ratio is 0.54. On the other hand, the Quick Ratio is 0.54, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 17.31.
Transactions by insiders
Recent insider trading involved Spiller Reginal, Director, that happened on Nov 11 ’24 when 2800.0 shares were sold. Director, Griffie Charles G. completed a deal on Oct 24 ’24 to buy 1275.0 shares. Meanwhile, VP, Principal Accting Officer Kavanaugh Ashley sold 12700.0 shares on Sep 23 ’24.
