Range Resources Corp (RRC) is a company in the Energy sector that has seen a significant increase in its sales, with a growth rate of 27.12% annually over the past five years. Despite this, the company’s average yearly earnings per share have been noted as -56.03%. Range Resources Corp’s outstanding shares have reached $238.89 million, with a float of $234.14 million. The organization has a workforce of 544 employees, and it is essential to assess its efficiency.
Investors should also consider the attitudes of key investors towards the stock of the Oil & Gas E&P industry. Range Resources Corp has an insider ownership of 2.97% and an institutional ownership of 95.27%. Recent insider transactions have seen the SVP, Principal Accounting Officer sell 25,000 shares at rates of $37.23 and $37.35, respectively. The insider now owns a total of 85,804 shares.
Wall Street market experts predict that Range Resources Corp will have earnings of $6.82 per share in the next fiscal year, while the company’s earnings per share for the current fiscal year are expected to be around -56.03%. Looking ahead, market analysts anticipate a growth of 12.20% in the company’s EPS over the next five years, compared to a growth of 28.47% over the previous five years.
Taking a closer look at Range Resources Corp’s performance indicators, we can see that in the past quarter, the stock had a quick ratio of 0.93. The price to sales ratio for the trailing twelve months stands at 2.60, while the price to free cash flow for the trailing twelve months is 10.00.
For the trailing twelve months, the company’s diluted earnings per share (EPS) is 5.58. This number is expected to reach 0.53 in the next quarter and is forecasted to reach 3.16 within one year.
Examining the stock’s recent activity, we can see that in the past 5 days, its volume was 2.7 million, which is lower than the volume of 3.8 million reported in the year-ago period. The stock’s Stochastic %D was 8.59% in the previous 9 days, and its Average True Range was 1.14.
Looking at the past 100 days, Range Resources Corp’s raw stochastic average was 55.77%, indicating a significant increase from 12.93% in the past two weeks. The stock has shown a historical volatility of 37.26% in the past 14 days, higher than the 32.93% volatility seen in the past 100 days.
At the time of writing, the stock’s 50-day Moving Average is $33.29, while its 200-day Moving Average is $29.14. In terms of resistance and support levels, the first resistance to watch is at $33.71, followed by $34.13 and $34.58. If the price breaks the first support level at $32.84, it is likely to reach the next support level at $32.39, and the third support level lies at $31.97.
Range Resources Corp has a market cap of $8.04 billion, with 241,305K shares outstanding. The company’s annual sales total $4,147 million, with an annual income of $1,183 million. In the last quarter, the company reported sales of $609,720K and income of $49,430K.
In conclusion, Range Resources Corp has experienced significant sales growth in recent years. However, the company’s average yearly earnings per share have not been as impressive. It is essential to consider the attitudes of key investors towards the stock and analyze the company’s performance indicators. With a market cap of $8.04 billion and a strong workforce, Range Resources Corp is poised for continued growth in the energy sector.
