After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Range Announces Fourth Quarter 2023 Results and 2024 Guidance.
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Stocks Info
The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of Range Resources Corp is $7.54B. A total of 3.22 million shares were traded on the day, compared to an average of 2.77M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RRC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 21 SELLs from insiders. Insiders purchased 1,691,262 shares during that period but sold 975,000.
In the most recent transaction, Ginn Dori sold 25,000 shares of RRC for 37.23 per share on Nov 03. After the transaction, the SVP, Principal Accting Officer now owns 60,804 company shares. In a previous transaction on Nov 02, Ginn Dori sold 25,000 shares at 37.35 per share. RRC shares that SVP, Principal Accting Officer owns now total 85,804.
Among the insiders who sold shares, Spiller Reginal disposed of 1,950 shares on Jun 15 at a per-share price of $26.80. This resulted in the Director holding 16,713 shares of RRC after the transaction. In another insider transaction, Ginn Dori sold 32,000 shares at $27.09 per share on Jun 01. Company shares held by the SVP, Principal Accting Officer now total 250,738.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 1.03%, and it has a price to earnings (P/E) ratio of 8.80. RRC’s most recent ex-dividend date was 12/14/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The RRC stock dividend was $0.08 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RRC in the last 3 months, the mean price target is $34.15 with high estimates of $43.00 and low estimates of $22.00. In terms of 52-week highs and lows, RRC has a high of $37.88 and a low of $22.72.
As of this writing, RRC has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.95 per share and a lower estimate of $0.42. The company reported an EPS of $0.46 in the last quarter, which was 31.40% higher than expectations of $0.35.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RRC’s latest balance sheet shows that the firm has $214.42M in Cash & Short Term Investments as of fiscal 2021. There were $2.95B in debt and $1.15B in liabilities at the time. Its Book Value Per Share was $15.62, while its Total Shareholder’s Equity was $2.09B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 3.39.
