In the latest trading session, 1.54 million Range Resources Corp (NYSE:RRC) shares changed hands as the company’s beta touched 1.80. With the company’s most recent per share price at $30.58 changing hands around $0.68 or 2.27% at last look, the market valuation stands at $7.40B. RRC’s current price is a discount, trading about -28.61% off its 52-week high of $39.33. The share price had its 52-week low at $27.29, which suggests the last value was 10.76% up since then. When we look at Range Resources Corp’s average trading volume, we note the 10-day average is 2.31 million shares, with the 3-month average coming to 2.08 million.
Analysts gave the Range Resources Corp (RRC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.75. If we narrow down to specifics, the data shows that 2 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended RRC as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Range Resources Corp’s EPS for the current quarter is expected to be 0.58.
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Range Resources Corp (NYSE:RRC) trade information
Instantly RRC is in green as seen in intraday trades today. With action 2.72%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.46%, with the 5-day performance at 2.72% in the green. However, in the 30-day time frame, Range Resources Corp (NYSE:RRC) is -1.67% down. Looking at the short shares, we see there were 12.22 million shares sold at short interest cover period of 6.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 1.35% from its recent market value. According to analyst projections, RRC’s forecast low is 16 with 45 as the target high. To hit the forecast high, the stock’s price needs a -47.16% plunge from its current level, while the stock would need to tank 47.68% for it to hit the projected low.
Range Resources Corp (RRC) estimates and forecasts
Data shows that the Range Resources Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.04% over the past 6 months, a -16.25% in annual growth rate that is considerably lower than the industry average of -11.50%. Year-over-year growth is forecast to reach 7.30% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 683.97M. 13 analysts are of the opinion that Range Resources Corp’s revenue for the current quarter will be 737.43M. The company’s revenue for the corresponding quarters a year ago was 603.28M and 567M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.40%. The estimates for the next quarter sales put growth at 30.10%.
The 2024 estimates are for Range Resources Corp earnings to decrease by -12.15%, but the outlook for the next 5-year period is at 7.00% per year.
RRC Dividends
Range Resources Corp is expected to release its next quarterly earnings report on 2025-Feb-19. The 1.05% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 1.05% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.78 per year.
Range Resources Corp (NYSE:RRC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.55% of Range Resources Corp shares while 96.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.19%. There are 96.66% institutions holding the Range Resources Corp stock share, with PRICE T ROWE ASSOCIATES INC /MD/ the top institutional holder. As of 2024-06-30, the company held 12.2109% of the shares, roughly 29.37 million RRC shares worth $984.71 million.
FMR LLC holds the second largest percentage of outstanding shares, with 11.4034% or 27.43 million shares worth $919.59 million as of 2024-06-30.
