Range Resources Corp Stock Analysis
RRC Stock | USD 36.11 0.84 2.38% |
Range Resources Corp is undervalued with Real Value of 37.9 and Target Price of 35.58. The main objective of Range Resources stock analysis is to determine its intrinsic value, which is an estimate of what Range Resources Corp is worth, separate from its market price. There are two main types of Range Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Range Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Range Resources' stock to identify patterns and trends that may indicate its future price movements.
The Range Resources stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Range Resources is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Range Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Range Resources' ongoing operational relationships across important fundamental and technical indicators.
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Range Stock Analysis Notes
About 98.0% of the company shares are owned by institutional investors. The book value of Range Resources was at this time reported as 15.63. The company has Price/Earnings To Growth (PEG) ratio of 1.35. Range Resources Corp last dividend was issued on the 14th of March 2024. The entity had 3:2 split on the 5th of December 2005. Range Resources Corporation operates as an independent natural gas, natural gas liquids , and oil company in the United States. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas. Range Resources operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 527 people. To find out more about Range Resources Corp contact Jeffrey Ventura at 817 870 2601 or learn more at https://www.rangeresources.com.Range Resources Quarterly Total Revenue |
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Range Resources Corp Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Range Resources' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Range Resources Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
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 Corp Upcoming and Recent Events
Earnings reports are used by Range Resources to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Range Resources previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
21st of February 2024 Upcoming Quarterly Report | View | |
22nd of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
21st of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Range Largest EPS Surprises
Earnings surprises can significantly impact Range Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2004-03-02 | 2003-12-31 | 0.09 | 0.08 | -0.01 | 11 | ||
2003-11-04 | 2003-09-30 | 0.08 | 0.07 | -0.01 | 12 | ||
2003-08-05 | 2003-06-30 | 0.06 | 0.07 | 0.01 | 16 |
Range Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Range Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Range Resources Corp backward and forwards among themselves. Range Resources' institutional investor refers to the entity that pools money to purchase Range Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | D. E. Shaw & Co Lp | 2023-09-30 | 3.9 M | Geode Capital Management, Llc | 2023-12-31 | 3.7 M | Kopernik Global Investors, Llc | 2023-12-31 | 3.1 M | Fuller & Thaler Asset Management Inc | 2023-12-31 | 2.9 M | Goldman Sachs Group Inc | 2023-12-31 | 2.9 M | Bank Of New York Mellon Corp | 2023-12-31 | 2.8 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.7 M | Pacer Advisors, Inc. | 2023-12-31 | 2.4 M | Northern Trust Corp | 2023-12-31 | 1.9 M | Fmr Inc | 2023-12-31 | 35.4 M | Vanguard Group Inc | 2023-12-31 | 23.5 M |
Range Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 8.76 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Range Resources's market, we take the total number of its shares issued and multiply it by Range Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Range Profitablity
Range Resources' profitability indicators refer to fundamental financial ratios that showcase Range Resources' ability to generate income relative to its revenue or operating costs. If, let's say, Range Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Range Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Range Resources' profitability requires more research than a typical breakdown of Range Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.34 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.69 %, which entails that for every 100 dollars of revenue, it generated $0.69 of operating income. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.11 | 0.12 | |
Return On Capital Employed | 0.17 | 0.17 | |
Return On Assets | 0.12 | 0.13 | |
Return On Equity | 0.23 | 0.24 |
Management Efficiency
Range Resources Corp has Return on Asset of 0.1205 % which means that on every $100 spent on assets, it made $0.1205 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2623 %, implying that it generated $0.2623 on every 100 dollars invested. Range Resources' management efficiency ratios could be used to measure how well Range Resources manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.12. The current year's Return On Capital Employed is expected to grow to 0.17. At present, Range Resources' Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.12, whereas Total Assets are forecasted to decline to about 4.2 B.Last Reported | Projected for Next Year | ||
Book Value Per Share | 15.89 | 16.68 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 15.89 | 16.68 | |
Enterprise Value Over EBITDA | 9.78 | 12.22 | |
Price Book Value Ratio | 1.92 | 2.87 | |
Enterprise Value Multiple | 9.78 | 12.22 | |
Price Fair Value | 1.92 | 2.87 | |
Enterprise Value | 5.6 B | 5.9 B |
The analysis of Range Resources' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Range Resources' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Range Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0089 | Forward Dividend Yield 0.0089 | Forward Dividend Rate 0.32 | Beta 1.885 |
Technical Drivers
As of the 23rd of April, Range Resources holds the Risk Adjusted Performance of 0.1264, semi deviation of 1.06, and Coefficient Of Variation of 513.16. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Range Resources, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Range Resources Corp, which can be compared to its competitors. Please check Range Resources Corp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Range Resources Corp is priced some-what accurately, providing market reflects its current price of 36.11 per share. Given that Range Resources has jensen alpha of 0.2598, we recommend you to check out Range Resources Corp's recent market performance to make sure the company can sustain itself at a future point.Range Resources Corp Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Range Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Range Resources Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Range Resources Corp Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Range Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on Range Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Range Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Whitley Mark D over six months ago Sale by Whitley Mark D of 8194 shares of Range Resources | ||
Whitley Mark D over a year ago Acquisition by Whitley Mark D of 46735 shares of Range Resources subject to Rule 16b-3 |
Range Resources Outstanding Bonds
Range Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Range Resources Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Range bonds can be classified according to their maturity, which is the date when Range Resources Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Range Resources 4875 Corp BondUS75281AAS87 | View | |
US75281ABK43 Corp BondUS75281ABK43 | View | |
US75281ABJ79 Corp BondUS75281ABJ79 | View |
Range Resources Predictive Daily Indicators
Range Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Range Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Range Resources Corporate Filings
12th of April 2024 Other Reports | ViewVerify | |
8K | 11th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 10th of April 2024 An amended filing to the original Schedule 13G | ViewVerify |
8th of April 2024 Other Reports | ViewVerify | |
29th of March 2024 Other Reports | ViewVerify | |
F4 | 25th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
18th of March 2024 Other Reports | ViewVerify | |
8K | 15th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Range Resources Forecast Models
Range Resources' time-series forecasting models are one of many Range Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae 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. These 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 market movement and maximize returns from investment trading.About Range Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Range Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Range shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Range Resources. By using and applying Range Stock analysis, traders can create a robust methodology for identifying Range entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.43 | 0.45 | |
Operating Profit Margin | 0.43 | 0.45 | |
Net Profit Margin | 0.34 | 0.36 | |
Gross Profit Margin | 0.31 | 0.59 |
Current Range Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Range analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Range analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
35.58 | Buy | 27 | Odds |
Most Range analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Range stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Range Resources Corp, talking to its executives and customers, or listening to Range conference calls.
Range Stock Analysis Indicators
Range Resources Corp stock analysis indicators help investors evaluate how Range Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Range Resources shares will generate the highest return on investment. By understating and applying Range Resources stock analysis, traders can identify Range Resources position entry and exit signals to maximize returns.
Begin Period Cash Flow | 207 K | |
Long Term Debt | 1.8 B | |
Common Stock Shares Outstanding | 239.8 M | |
Total Stockholder Equity | 3.8 B | |
Tax Provision | 229.2 M | |
Quarterly Earnings Growth Y O Y | -0.618 | |
Property Plant And Equipment Net | 6.1 B | |
Cash And Short Term Investments | 212 M | |
Cash | 212 M | |
Accounts Payable | 110.1 M | |
Net Debt | 1.6 B | |
50 Day M A | 33.0134 | |
Total Current Liabilities | 583.1 M | |
Other Operating Expenses | 2 B | |
Non Current Assets Total | 6.3 B | |
Forward Price Earnings | 16.1551 | |
Non Currrent Assets Other | 190.6 M | |
Stock Based Compensation | 67.8 M |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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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.