Currently, Range Resources Corp [RRC] is trading at $37.52, up 2.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The RRC shares have gain 4.28% over the last week, with a monthly amount glided 11.17%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Range Resources Corp [NYSE: RRC] stock has seen the most recent analyst activity on January 03, 2025, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $42 for it. Previously, UBS upgraded its rating to Neutral on December 09, 2024, and kept the price target unchanged to $35. Barclays upgraded its rating to a Equal Weight and decreased its price target to $34 on October 02, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $39 on October 01, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on August 20, 2024, but kept the price target unchanged to $45. In a note dated August 15, 2024, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $43 to $31.
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 $36 within the next 12 months. Range Resources Corp [NYSE: RRC] shares were valued at $37.52 at the most recent close of the market. An investor can expect a potential drop of -4.05% based on the average RRC price forecast.
Analyzing the RRC fundamentals
Trailing Twelve Months sales for Range Resources Corp [NYSE:RRC] were 2.27B which represents -0.60% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
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 37.03 points at the first support level, and at 36.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.78, and for the 2nd resistance point, it is at 38.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Range Resources Corp [NYSE:RRC] 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 4.00, the price to book ratio is 2.34 and price to earnings (TTM) ratio is 19.06.
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.
