In yesterday’s Wall Street session, Range Resources Corp (NYSE:RRC) shares traded at $33.44, up 1.43% from the previous session.
29 analysts cover Range Resources Corp (NYSE:RRC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $49.00 and a low of $21.00, we find $37.00. Given the previous closing price of $32.97, this indicates a potential upside of 12.22 percent. RRC stock price is now -0.04% away from the 50-day moving average and 13.66% away from the 200-day moving average. The market capitalization of the company currently stands at $8.07B.
The stock has received a hold rating from 12 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $37.15 as their price target over the next twelve months.
With the price target maintained at $41, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Range Resources Corp (NYSE: RRC).
In other news, Ginn Dori, SVP, Principal Accting Officer sold 25,000 shares of the company’s stock on Nov 03. The stock was sold for $930,750 at an average price of $37.23. Upon completion of the transaction, the SVP, Principal Accting Officer now directly owns 60,804 shares in the company, valued at $2.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, SVP, Principal Accting Officer Ginn Dori sold 25,000 shares of the business’s stock. A total of $933,750 was realized by selling the stock at an average price of $37.35. This leaves the insider owning 85,804 shares of the company worth $2.87 million. Insiders disposed of 915,000 shares of company stock worth roughly $30.6 million over the past 1 year. A total of 2.98% of the company’s stock is owned by insiders.
On Wednesday morning Range Resources Corp (NYSE: RRC) stock kicked off with the opening price of $32.34. During the past 12 months, Range Resources Corp has had a low of $22.61 and a high of $37.88. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 0.93, and a quick ratio of 0.93. According to the stock market information, the enterprise value for the company is $9.70B, which is based on a 5.99 price-to-earnings ratio, a 0.49 price-to-earnings-growth ratio, and a beta of 1.99. The fifty day moving average price for RRC is $33.45 and a two-hundred day moving average price translates $29.42 for the stock.
The latest earnings results from Range Resources Corp (NYSE: RRC) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.35 by 0.11. This compares to $1.49 EPS in the same period last year. The net profit margin was 43.55% and return on equity was 47.89% for RRC. The company reported revenue of $609.72 million for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.1 percent. For the current quarter, analysts expect RRC to generate $687.98M in revenue.
Range Resources Corp(RRC) Company Profile
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. The company was founded in 1976 and is headquartered in Fort Worth, Texas.
