Are Things Looking Up 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.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of Range Resources Corp is $7.42B. A total of 1.14 million shares were traded on the day, compared to an average of 2.22M 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 16 ’24, Scucchi Mark sold 49,569 shares at 36.91 per share. RRC shares that EVP & CFO owns now total 94,713.

Among the insiders who sold shares, Degner Dennis disposed of 101,000 shares on May 17 ’24 at a per-share price of $37.78. This resulted in the Chief Executive Officer & Pres holding 198,154 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

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Range Resources Corp pays an annual dividend of $0.32, resulting in a dividend yield of 1.04%, and it has a price to earnings (P/E) ratio of 15.64. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, RRC has a high of $39.33 and a low of $27.29.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $15.93, while its Total Shareholder’s Equity was $2.09B.

Analysts Opinion

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. 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 3.09.

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