It is Poised to be a Bull Market for Range Resources Corp (RRC)

With 2.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $36.77 whereas the lowest price it dropped to was $35.75. The 52-week range on RRC shows that it touched its highest point at $38.25 and its lowest point at $25.89 during that stretch. It currently has a 1-year price target of $38.24. With its current market cap of 8.92 billion, RRC has annualized dividend of $0.32 while the current yield stands at 0.87%. RRC paid its most recent dividend on 1710374400, while the ex-dividend date for that was 1710374400. Beta for the stock currently stands at 1.82.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RRC was down-trending over the past week, with a drop of -0.54%, but this was up by 5.21% over a month. Three-month performance surged to 27.45% while six-month performance rose 10.42%. The stock gained 34.25% in the past year, while it has gained 20.80% so far this year. A look at the trailing 12-month EPS for RRC yields 1.97 with Next year EPS estimates of 3.52. For the next quarter, that number is 0.47. This implies an EPS growth rate of -2.34% for this year and 50.12% for next year.

Float and Shares Shorts:

At present, 241.04 million RRC shares are outstanding with a float of 234.89 million shares on hand for trading. On 2024-04-30, short shares totaled 14.92 million, which was 615.0 higher than short shares on 1711584000. In addition to Mr. Dennis L. Degner as the firm’s CEO, President & Director, Mr. Mark S. Scucchi serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.97512 of RRC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, RRC reported revenue of $598771000.0 and operating income of $113160000.0. The EBITDA in the recently reported quarter was $183577000.0 and diluted EPS was $0.38.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RRC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.