Analyst Expects Range Resources Corp (NYSE: RRC) To Make Big Moves

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.

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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. The current market capitalization of Range Resources Corp is $9.09B. A total of 2.44 million shares were traded on the day, compared to an average of 2.34M shares.

In the most recent transaction, Spiller Reginal sold 1,460 shares of RRC for 38.68 per share on May 21 ’24. After the transaction, the Director now owns 15,253 company shares. In a previous transaction on May 17 ’24, Degner Dennis sold 101,000 shares at 37.78 per share. RRC shares that Chief Executive Officer & Pres owns now total 198,154.

Among the insiders who sold shares, Scucchi Mark disposed of 49,569 shares on May 16 ’24 at a per-share price of $36.91. This resulted in the EVP & CFO holding 94,713 shares of RRC after the transaction. In another insider transaction, McDowell Erin W sold 18,028 shares at $36.91 per share on May 16 ’24. Company shares held by the SVP & General Counsel now total 40,175.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.85%, and it has a price to earnings (P/E) ratio of 19.05. RRC’s most recent ex-dividend date was 6/14/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 6/28/2024. Previously, the company paid the dividend on 3/29/2024 with an ex-dividend date of 3/14/2024. 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. In terms of 52-week highs and lows, RRC has a high of $39.33 and a low of $25.89.

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 $2.95B in debt and $1.15B in liabilities at the time. Its Book Value Per Share was $15.77, 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, 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 3.17.

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