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Thursday, June 8, 2023

Searching For Real Value In Market Debris At Range Resources Corporation (NYSE: RRC)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Range Resources Corporation (RRC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -0.36%, to $25.05. The Range Resources Corporation has recorded 29,588 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Range Announces First Quarter 2023 Results.

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Stocks Info

As a NYSE listed company, RRC falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $25.14 and fluctuated between $25.70 as its day high and $24.81 as its day low. The current market capitalization of Range Resources Corporation is $5.75B. A total of 3.73 million shares were traded on the day, compared to an average of 5.15M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RRC has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 1,206,499 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 16 SELLs from insiders. Insiders purchased 1,358,028 shares during that period but sold 421,328.

In the most recent transaction, Ginn Dori sold 5,000 shares of RRC for 34.65 per share on Aug 26. After the transaction, the SVP, Principal Accting Officer now owns 80,801 company shares. In a previous transaction on Aug 02, Spiller Reginal sold 1,600 shares at 31.44 per share. RRC shares that Director owns now total 10,685.

Among the insiders who sold shares, Ginn Dori disposed of 10,000 shares on May 27 at a per-share price of $36.17. This resulted in the SVP, Principal Accting Officer holding 332,033 shares of RRC after the transaction. In another insider transaction, Ginn Dori sold 10,000 shares at $34.71 per share on May 26. Company shares held by the SVP, Principal Accting Officer now total 342,033.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Range Resources Corporation pays an annual dividend of $0.32, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 2.94. RRC’s most recent ex-dividend date was 3/14/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/14/2022. The RRC stock dividend was $0.08 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RRC in the last 3 months, the mean price target is $32.00 with high estimates of $50.00 and low estimates of $20.00. In terms of 52-week highs and lows, RRC has a high of $37.44 and a low of $22.61.

As of this writing, RRC has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.14. The company reported an EPS of $1.3 in the last quarter, which was 8.30% higher than expectations of $1.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RRC’s latest balance sheet shows that the firm has $214.42M in Cash & Short Term Investments as of fiscal 2021. There were $2.73B in debt and $984.39M in liabilities at the time. Its Book Value Per Share was $13.89, while its Total Shareholder’s Equity was $2.09B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RRC is Sell with a score of 3.61. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 12 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.

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