Range Resources Corp. (NYSE:RRC):
The Company gained 4.19% and finished at $39.27. The daily volume was measured at 11.82 million shares. The 52-week high of the share price is $61.16 and the 52-week low is $19.21. The company has a market cap of $5.98 billion. Its latest closing price has a distance of -4.29% from SMA20 and is 8.24% up than SMA50. The stock currently has Price to Sales (P/S) value of 6.17 where Price to Book (P/B) value stands at 2.45. The company is currently showing ROA (Return on Assets) value of -10.80% where ROE (Return on Equity) is -28.00%. Return on equity (ROE) measures the rate of return on the ownership interest (shareholders’ equity) of the common stock owners. It measures a firm’s efficiency at generating profits from every unit of shareholders’ equity (also known as net assets or assets minus liabilities).
By looking at Range Resources Corp. (NYSE:RRC) YTD (year to date) performance, the stock shows Positive value of 59.72%. If the YTD value is Negative, it means that the stock is trading poorly. If the YTD value is Positive, this means the stock is appreciating.
The High price target of the company’s Share is at $55.00 based on the calculations and analysis of 33 brokers. According to the analysts, the company has the Low Price target of $29.00 whereas, the Mean Target is estimated by the brokers is $44.21.
For an overview on Recommendation Trends, 10 Analysts assigned the stock as Strong Buy. 12 said it’s a Buy, 16 assigned Hold rating where 1 stated the stock as Underperform and 0 marked the stock as Sell.
Most Recent Upgrades & Downgrades for Range Resources Corp. (NYSE:RRC) was initiated On May 17.2016 where Raymond James “Upgraded” the stock from “Mkt Perform” to “Outperform”.
While Looking at the Analyst Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $-0.22 by 34.00 analysts. They are also projecting the Low EPS estimate as $-0.55 as compared to the Higher EPS estimate of $-0.01.
Now when we talk about Revenue Estimate for the current Fiscal Quarter, Average Revenue Estimate of Range Resources Corp. (NYSE:RRC) is projected as $324.08 Million where Low Revenue estimate and High Revenue Estimates are $296.53 Million and $359.90 Million respectively by 21 Analysts.
The EPS (Earnings per share) Trend for the current Quarter is estimated at $-0.22 per share while the Trend for 7 days ago was $-0.21. The EPS Trend for 30, 60 and 90 Days ago were $-0.22, $-0.21 and $-0.24.
Range Resources Corp. (NYSE:RRC) Profile:
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company. It engages in the exploration, development, and acquisition of natural gas and oil properties. The company holds interests in developed and undeveloped natural gas and oil leases in the Appalachian region of the United States. It owns and operates 4,462 net producing wells and approximately 905,000 net acres under lease in the Appalachian region; and 444 net producing wells and approximately 308,000 net acres under lease in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas, and Mississippi. The company markets and sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to natural gas processors or users of NGLs; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. As of December 31, 2015, it had proved reserves of 9.9 trillion cubic feet of natural gas equivalents. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.