Range Resources Corp Stock Probability of Future Stock Price Finishing Under 23.45
| RRC Stock | USD 34.72 0.23 0.66% |
Closest to current price Range long CALL Option Payoff at Expiration
Range |
Range Resources Target Price Odds to finish below 23.45
The tendency of Range Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 23.45 or more in 90 days |
| 34.72 | 90 days | 23.45 | near 1 |
Based on a normal probability distribution, the odds of Range Resources to drop to $ 23.45 or more in 90 days from now is near 1 (This Range Resources Corp probability density function shows the probability of Range Stock to fall within a particular range of prices over 90 days) . Probability of Range Resources Corp price to stay between $ 23.45 and its current price of $34.72 at the end of the 90-day period is about 88.27 .
Considering the 90-day investment horizon Range Resources has a beta of 0.85 indicating Range Resources Corp market returns are highly-sensitive to returns on the market. As the market goes up or down, Range Resources is expected to follow. Additionally Range Resources Corp has an alpha of 0.1491, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Range Resources Price Density |
| Price |
Predictive Modules for Range Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Range Resources Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Range Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Range Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Range Resources is not an exception. The market had few large corrections towards the Range Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Range Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Range Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.15 | |
β | Beta against NYSE Composite | 0.85 | |
σ | Overall volatility | 2.46 | |
Ir | Information ratio | 0.08 |
Range Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Range Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Range Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Range Resources Corp is unlikely to experience financial distress in the next 2 years | |
| The company has 1.79 B in debt with debt to equity (D/E) ratio of 1.11, which is OK given its current industry classification. Range Resources Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Range Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Range Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Range Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Range to invest in growth at high rates of return. When we think about Range Resources' use of debt, we should always consider it together with cash and equity. | |
| Over 98.0% of Range Resources shares are owned by institutional investors | |
| Latest headline from zacks.com: Pioneer Natural Resources Expected to Beat Earnings Estimates What to Know Ahead of Q1 Release |
Range Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Range Stock often depends not only on the future outlook of the current and potential Range Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Range Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 239.8 M | |
| Cash And Short Term Investments | 212 M |
Range Resources Technical Analysis
Range Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Range Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Range Resources Corp. In general, you should focus on analyzing Range Stock price patterns and their correlations with different microeconomic environments and drivers.
Range Resources Predictive Forecast Models
Range Resources' time-series forecasting models is one of many Range Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Range Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Range Resources Corp
Checking the ongoing alerts about Range Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Range Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Range Resources Corp is unlikely to experience financial distress in the next 2 years | |
| The company has 1.79 B in debt with debt to equity (D/E) ratio of 1.11, which is OK given its current industry classification. Range Resources Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Range Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Range Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Range Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Range to invest in growth at high rates of return. When we think about Range Resources' use of debt, we should always consider it together with cash and equity. | |
| Over 98.0% of Range Resources shares are owned by institutional investors | |
| Latest headline from zacks.com: Pioneer Natural Resources Expected to Beat Earnings Estimates What to Know Ahead of Q1 Release |
Check out Range Resources Backtesting, Range Resources Valuation, Range Resources Correlation, Range Resources Hype Analysis, Range Resources Volatility, Range Resources History as well as Range Resources Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Range Resources' price analysis, check to measure Range Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Range Resources is operating at the current time. Most of Range Resources' value examination focuses on studying past and present price action to predict the probability of Range Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Range Resources' price. Additionally, you may evaluate how the addition of Range Resources to your portfolios can decrease your overall portfolio volatility.
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Is Range Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Range Resources. If investors know Range will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Range Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 0.32 | Earnings Share 3.57 | Revenue Per Share 10.774 | Quarterly Revenue Growth (0.45) |
The market value of Range Resources Corp is measured differently than its book value, which is the value of Range that is recorded on the company's balance sheet. Investors also form their own opinion of Range Resources' value that differs from its market value or its book value, called intrinsic value, which is Range Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Range Resources' market value can be influenced by many factors that don't directly affect Range Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Range Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Range Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Range Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.