Range Resources Corporation (NYSE:RRC) shares traded higher over the last trading session, gaining 3.68% on 06/21/21. The shares fell to a low of $13.6606 before closing at $14.66. Intraday shares traded counted 5.13 million, which was 0.97% higher than its 30-day average trading volume of 5.18M. RRC’s previous close was $14.14 while the outstanding shares total 242.16M. The firm has a beta of 2.66. The stock’s Relative Strength Index (RSI) is 55.64, with weekly volatility at 6.52% and ATR at 0.83. The RRC stock’s 52-week price range has touched low of $5.08 and a $16.32 high.
Investors have identified the Oil & Gas E&P company Range Resources Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.80 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Range Resources Corporation (RRC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RRC, the company has in raw cash 0.45 million on their books with 45.38 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 308.63 million total, with 695.43 million as their total liabilities.
RRC were able to record -2.32 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by 9000.0. In cash movements, the company had a total of 109.25 million as operating cash flow.
Potential earnings growth for Range Resources Corporation (RRC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Range Resources Corporation recorded a total of 626.03 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -10.84% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 4.34%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 534.39 million trying to sell their products during the last quarter, with the result yielding a gross income of 91.64 million. This allows shareholders to hold on to 242.16M with the recently reported earning now reading 0.11 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.30 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RRC sounds very interesting.
Is the stock of RRC attractive?
In related news, SVP, Principal Accting Officer, Ginn Dori sold 25,328 shares of the company’s stock in a transaction that recorded on May 20. The sale was performed at an average price of 14.01, for a total value of 354,845. As the sale deal closes, the SVP & General Counsel, Poole David P now sold 36,986 shares of the company’s stock, valued at 518,174. Also, SVP & General Counsel, Poole David P sold 45,101 shares of the company’s stock in a deal that was recorded on May 20. The shares were price at an average price of 14.07 per share, with a total market value of 634,625. Following this completion of acquisition, the SVP & COO, Degner Dennis now holds 41,680 shares of the company’s stock, valued at 583,937. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.40%.
5 out of 28 analysts covering the stock have rated it a Buy, while 16 have maintained a Hold recommendation on Range Resources Corporation. 5 analysts has assigned a Sell rating on the RRC stock. The 12-month mean consensus price target for the company’s shares has been set at $13.35.