In last trading session, Range Resources Corporation (NYSE:RRC) saw 3,617,604 shares changing hands with its beta currently measuring 2.99. Company’s recent per share price level of $8.23 trading at $0.09 or 1.11% at ring of the bell on the day assigns it a market valuation of $2.11 Billion. That closing price of RRC’s stock is at a discount of -13.85% from its 52-week high price of $9.37 and is indicating a premium of 80.44% from its 52-week low price of $1.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.75 Million shares which gives us an average trading volume of 5.7 Million if we extend that period to 3-months.
For Range Resources Corporation (RRC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.1. Splitting up the data highlights that, out of 28 analysts covering the stock, 6 rated the stock as a Sell while none recommended an Overweight rating for the stock. 19 suggested the stock as a Hold whereas 2 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.01 in the current quarter.
Range Resources Corporation (NYSE:RRC) trade information
Upright in the green today for gaining 1.11%, in the last five days RRC remained trading in the green while hitting it’s week-highest on Tuesday, Oct 13 when the stock touched $8.57-3 price level, adding 3.97% to its value on the day. Range Resources Corporation’s shares saw a change of 69.69% in year-to-date performance and have moved 4.44% in past 5-day. Range Resources Corporation (NYSE:RRC) showed a performance of 12.74% in past 30-days. Number of shares sold short was 39.58 Million shares which calculate 6.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.9 to the stock, which implies targetted prices is already lagging behind -4.01% to its current value. Analysts have been projecting $4 as a low price target for the stock while placing it at a high target of $14. It follows that stock’s current price would jump +70.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.4% for stock’s current value.
Range Resources Corporation (RRC) estimates and forecasts
Statistics highlight that Range Resources Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added +85.78% of value to its shares in past 6 months, showing an annual growth rate of -95% while that of industry is -40.5. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 85.7% in the current quarter and calculating 12.5% increase in the next quarter. This year revenue growth is estimated to drop -11.3% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $497.8 Million for the same. And 11 analysts are in estimates of company making revenue of $518.18 Million in the next quarter that will end in December 01, 2020. Company posted $474.75 Million and $545.44 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 4.9% while estimating it to be -5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 2.4% while estimates for its earnings growth in next 5 years are of 26.97%