Range Resources Corp [RRC] stock is trading at $34.70, up 1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RRC shares have gain 1.61% over the last week, with a monthly amount drifted -2.86%, and not 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 December 09, 2024, when UBS upgraded its rating to a Neutral but kept the price target unchanged to $35 for it. On October 02, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $34 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $39 on October 01, 2024. Scotiabank upgraded its rating to a Sector Outperform but $45 remained the price target by the analyst firm on August 20, 2024. Piper Sandler downgraded its rating to Neutral for this stock on August 15, 2024, and downed its price target to $31.
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 $35.88 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $34.70 at the most recent close of the market. An investor can expect a potential return of 3.4% 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 0.24% 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 34.32 points at the first support level, and at 33.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.01, and for the 2nd resistance point, it is at 35.32.
Ratios To Look Out For
For context, Range Resources Corp’s Current Ratio is 0.54. Also, the Quick Ratio is 0.54, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 3.75, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 17.62.
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.
