Are Things Looking Up For Range Resources Corp (NYSE: RRC)?

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Range Announces Conference Call to Discuss First Quarter 2024 Financial Results.

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Stocks Info

Range Resources Corp is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Range Resources Corp is $8.48B. A total of 2.75 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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 9.89. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RRC has a high of $37.88 and a low of $23.92.

As of this writing, RRC has an earnings estimate of $0.58 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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

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. 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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