The stock of Range Resources Corp (NYSE:RRC) last traded at $29.87, up 0.34% from the previous session.
RRC stock price is now -1.07% away from the 50-day moving average and -8.16% away from the 200-day moving average. The market capitalization of the company currently stands at $7.23B.
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With the price target reduced from $35 to $34, Barclays Upgraded its rating from Underweight to Equal Weight for Range Resources Corp (NYSE: RRC). On October 01, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $35 to quote $39, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Kavanaugh Ashley, VP, Principal Accting Officer sold 12,700 shares of the company’s stock on Sep 23 ’24. The stock was sold for $399,390 at an average price of $31.45. Upon completion of the transaction, the VP, Principal Accting Officer now directly owns 9,670 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Officer Ashley Kavanaugh bought 12,700 shares of the business’s stock. A total of $399,391 was incurred on buying the stock at an average price of $31.45. A total of 1.27% 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 $39.33. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 0.58, and a quick ratio of 0.58. According to the stock market information, the enterprise value for the company is $8819183616, which is based on a 15.23 price-to-earnings ratio, a 15.23 price-to-earnings-growth ratio, and a beta of 1.80. The fifty day moving average price for RRC is $30.194 and a two-hundred day moving average price translates $32.52555 for the stock.
The latest earnings results from Range Resources Corp (NYSE: RRC) was released for 2024-06-30. The net profit margin was 20.93% and return on equity was 13.10% for RRC. The company reported revenue of $530.04 million for the quarter, compared to $636.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.79 percent.
