Stocks of Range Resources Corp (NYSE:RRC) traded higher last session on Wall Street, down -5.58% to $36.40.
RRC stock price is now -3.05% away from the 50-day moving average and 7.34% away from the 200-day moving average. The market capitalization of the company currently stands at $8.78B.
With the price target maintained at $45, Scotiabank recently Downgraded its rating from Sector Outperform to Sector Perform for Range Resources Corp (NYSE: RRC). On January 13, 2025, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $34 to quote $45, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Spiller Reginal, Director sold 2,800 shares of the company’s stock on Nov 11 ’24. The stock was sold for $95,872 at an average price of $34.24. Upon completion of the transaction, the Director now directly owns 12,453 shares in the company, valued at $0.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, Director Griffie Charles G. bought 1,275 shares of the business’s stock. A total of $40,112 was incurred on buying the stock at an average price of $31.46. This leaves the insider owning 5,921 shares of the company worth $0.22 million. A total of 1.24% of the company’s stock is owned by insiders.
During the past 12 months, Range Resources Corp has had a low of $27.29 and a high of $41.95. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 0.57, and a quick ratio of 0.57.
The net profit margin was 11.23% and return on equity was 6.88% for RRC. The company reported revenue of $626.64 million for the quarter, compared to $941.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.46 percent.
