Range Resources Corporation (RRC) Profit Margins posted -92.70% in the last twelve months: The key fundamentals to watch

For the readers interested in the stock health of Range Resources Corporation (RRC). It is currently valued at $6.88. When the transactions were called off in the previous session, Stock hit the highs of $7.0496, after setting-off with the price of $6.85. Company’s stock value dipped to $6.795 during the trading on the day. When the trading was stopped its value was $6.81.

Recently in News on September 1, 2020, Range Announces Early Results of Cash Tender Offers. RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the results to date of Range’s previously announced cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 5.750% senior notes due 2021 (the “2021 Senior Notes”), 5.750% senior subordinated notes due 2021 (the “2021 Subordinated Notes”), 5.875% senior notes due 2022 (the “5.875% 2022 Senior Notes”), 5.000% senior notes due 2022 (the “5.000% 2022 Senior Notes”), 5.000% senior subordinated notes due 2022 (the “2022 Subordinated Notes”) and 5.000% senior notes due 2023 (the “2023 Senior Notes” and, together with the 2021 Senior Notes, the 2021 Subordinated Notes, the 5.875% 2022 Senior Notes, the 5.000% 2022 Senior Notes, and the 2022 Subordinated Notes, collectively, the “Notes”). You can read further details here

Range Resources Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.37 on 08/18/20, with the lowest value was $1.61 for the same time period, recorded on 03/12/20.

Range Resources Corporation (RRC) full year performance was 57.08%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Range Resources Corporation shares are logging -26.57% during the 52-week period from high price, and 327.33% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.61 and $9.37.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 3496451 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Range Resources Corporation (RRC) recorded performance in the market was 41.86%, having the revenues showcasing 6.34% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.74B, as it employees total of 655 workers.

Specialists analysis on Range Resources Corporation (RRC)

During the last month, 3 analysts gave the Range Resources Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 17 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 5 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.64, with a change in the price was noted +1.61. In a similar fashion, Range Resources Corporation posted a movement of +30.55% for the period of last 100 days, recording 8,068,600 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RRC is recording 1.38 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.36.

Trends and Technical analysis: Range Resources Corporation (RRC)

Raw Stochastic average of Range Resources Corporation in the period of last 50 days is set at 32.31%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 10.75%. In the last 20 days, the company’s Stochastic %K was 12.07% and its Stochastic %D was recorded 12.39%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 41.86%. Additionally, trading for the stock in the period of the last six months notably improved by 143.97%, alongside a boost of 57.08% for the period of the last 12 months. The shares increased approximately by -2.96% in the 7-day charts and went up by -16.81% in the period of the last 30 days. Common stock shares were driven by 6.34% during last recorded quarter.