There Is A Quest For Clarity Surrounding Range Resources Corp (NYSE: RRC) Volatility

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Range Announces Fourth Quarter 2023 Results and 2024 Guidance.

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Stocks Info

RRC belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. The current market capitalization of Range Resources Corp is $8.04B. A total of 1.54 million shares were traded on the day, compared to an average of 2.64M shares.

In the most recent transaction, Ginn Dori sold 25,000 shares of RRC for 37.23 per share on Nov 03 ’23. After the transaction, the SVP, Principal Accting Officer now owns 60,804 company shares. In a previous transaction on Nov 02 ’23, 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 ’23 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 ’23. Company shares held by the SVP, Principal Accting Officer now total 250,738.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.96%, and it has a price to earnings (P/E) ratio of 9.38. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, RRC has a high of $37.88 and a low of $23.58.

As of this writing, RRC has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.92 per share and a lower estimate of $0.4. 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.32.

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