In the last trading session, 2.97 million shares of the Range Resources Corp (NYSE:RRC) were traded, and its beta was 1.81. Most recently the company’s share price was $31.33, and it changed around -$0.11 or -0.35% from the last close, which brings the market valuation of the company to $7.56B. RRC currently trades at a discount to its 52-week high of $39.33, offering almost -25.53% off that amount. The share price’s 52-week low was $27.29, which indicates that the current value has risen by an impressive 12.89% since then. We note from Range Resources Corp’s average daily trading volume that its 10-day average is 2.97 million shares, with the 3-month average coming to 2.11 million.
Range Resources Corp stock received a consensus recommendation rating of Buy, based on a mean score of 2.79. If we narrow it down even further, the data shows that 0 out of 34 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 9 recommended RRC as a Hold, whereas 16 deemed it a Buy, and 1 rated it as Underweight. Range Resources Corp is expected to report earnings per share of 0.58 for the current quarter.
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Range Resources Corp (NYSE:RRC) trade information
Instantly RRC has showed a red trend with a performance of -0.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 31.86 on recent trading dayincreased the stock’s daily price by 1.66%. The company’s shares are currently up 2.92% year-to-date, but still up 5.17% over the last five days. On the other hand, Range Resources Corp (NYSE:RRC) is 3.84% up in the 30-day period. We can see from the shorts that 11.75 million shares have been sold at a short interest cover period of 5.34 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to decrease their stock price by -1.06% from its current value. Analyst projections state that RRC is forecast to be at a low of $16 and a high of $45.
Range Resources Corp (RRC) estimates and forecasts
Range Resources Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.03 percent over the past six months and at a -17.08% annual growth rate that is well below the industry average of -11.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.90% in revenue this quarter, and will report an increase of 14.50% in the next quarter. The year-over-year growth rate is expected to be 8.30%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 692.83M in revenue for the current quarter. 15 analysts expect Range Resources Corp to make 747.12M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 603.28M and 567M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.80%. Forecasts for the next quarter put sales growth at 31.80%.
Range Resources Corp earnings are expected to increase by -10.11% in 2024, but the outlook is positive 2.00% per year for the next five years.
RRC Dividends
Range Resources Corp’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.02 percent and its annual dividend per share was 0.32. It is important to note, however, that the 1.02% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.78 per year.
Range Resources Corp (NYSE:RRC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.56% of Range Resources Corp shares, and 97.58% of them are in the hands of institutional investors. The stock currently has a share float of 100.15%. Range Resources Corp stock is held by 567.0 institutions, with PRICE T ROWE ASSOCIATES INC /MD/ being the largest institutional investor. By 2024-06-30, it held 12.2109% of the shares, which is about 29.37 million shares worth $984.71 million.
FMR LLC, with 11.4034% or 27.43 million shares worth $919.59 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
