It’s Not Over Yet For Range Resources Corp (NYSE: RRC)

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. Most recently, Yahoo Finance reported about the stock as it publicized that Range Announces Fourth Quarter 2023 Results and 2024 Guidance.

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Stocks Info

Range Resources Corp is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Range Resources Corp is $7.95B. A total of 2.18 million shares were traded on the day, compared to an average of 2.77M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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 17 BUYs and 21 SELLs from insiders. Insiders purchased 627,741 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.97%, and it has a price to earnings (P/E) ratio of 9.27. RRC’s most recent ex-dividend date was 3/14/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The RRC stock dividend was $0.08 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $0.61 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.92 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.

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