Range Story

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RRC -- USA Stock  

USD 7.07  0.24  3.28%

As many millenniums are excited about energy space, it is only fair to go over Range Resources against current market trends. As we have suggested previously, Range Resources is beginning its slip as investors shift to be more bearish due to the increased sector volatility. The returns on investing in Range Resources and the market returns of the last few months appear uncorrelated. Weak technical and fundamental indicators of the company may also suggest signs of long term losses for Range investors. Range Resources is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 3rd of August 2020.
Published over a month ago
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Will Range Resources (NYSE:RRC) continue to slip in September?
Range Resources's average rating is Sell from 19 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Range Resources market sentiment investors' perception of the future value of Range. Let us look at a few aspects of Range technical analysis. The company has Net Profit Margin of (69.84) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 44.44 %, which entails that for every 100 dollars of revenue, it generated 0.44 of operating income.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Range Resources. In general, we focus on analyzing Range Resources stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Range Resources's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Range Resources's intrinsic value. In addition to deriving basic predictive indicators for Range Resources, we also check how macroeconomic factors affect Range Resources price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Range Stands against Peers?

Analyzing Range Resources competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Range Resources across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Range Resources Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Range Resources, but it might be worth checking our own buy vs. sell analysis

Range Resources exotic insider transaction detected

Legal trades by Range Resources insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Range insider trading alert for general transaction of common stock by Jeffrey Ventura, President and CEO, on 22nd of September 2020. This event was filed by Range Resources Corp with SEC on 2020-02-06. Statement of changes in beneficial ownership - SEC Form 4. Jeffrey Ventura currently serves as president, chief executive officer, director of Range Resources [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at Range Resources Mean Deviation

Range Resources has current Mean Deviation of 4.48. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
SUM = Summation notation
RET DEV = Sum of return deviations of Range Resources
N = Number of calculation points for selected time horizon
Let's now compare Range Resources Mean Deviation to its closest peers:

Range Resources is estimated to stay under $6.59 in September

Current value at risk is at -8.69. Range Resources exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate Range Resources individually to make sure intended market timing strategies and available technical indicagtors are consistent with their estimates about Range Resources future systematic risk.

Our Conclusion on Range Resources

Whereas some other entities in the oil & gas e&p industry are either recovering or due for a correction, Range Resources may not be performing as strong as the other in terms of long-term growth potentials. To summarize, as of the 2nd of August 2020, our analysis shows that Range Resources moves indifferently to market moves. The company is overvalued and projects average chance of bankruptcy for the next 2 years. Our actual 30 days advice on the company is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Range Resources. Please refer to our Terms of Use for any information regarding our disclosure principles.

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