Range Resources Corp (NYSE:RRC) shares traded -1.38% down during most recent session to reach at the closing price of $11.44. The stock exchanged hands 6.11 Million shares versus average trading capacity of 8.03 Million shares, yielding a market cap of $2.82 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $20.05 within the next 52-weeks. The mean target projections are based on 28 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Range Resources Corp (NYSE:RRC) high price target of $40 and with a conservative view have low price target of $12.
KeyBanc “Initiates Coverage On” Range Resources Corp (NYSE:RRC) in a research note issued to investors on 1/08/19 to Sector Weight with price target of $0.
Additionally on 1/07/19 TD Securities “Upgrades” Range Resources Corp (NYSE:RRC) to Buy setting price target at $15 and on 10/12/18 Morgan Stanley “Maintained” the stock to Underweight at $18. Furthermore on 9/26/18 Morgan Stanley “Maintained” the stock to Underweight at $17.
On the other hand the company has Relative Strength Index (RSI 14) of 45.78 along with Average True Range (ATR 14) of 0.66, Consequently Range Resources Corp (NYSE:RRC)’s weekly and monthly volatility is 5.25%, 6.20% respectively. The company’s beta value is at 1.
In terms of Buy, Sell or Hold recommendations, Range Resources Corp (NYSE:RRC) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Range Resources Corp (NYSE:RRC)’s minimum EPS for the current quarter is at $-0.11 and can go high up to $0.32. The consensus mean EPS for the current quarter is at $0.2 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.22 earnings per share for the same quarter during last year.
Previously Range Resources Corp (NYSE:RRC) reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The company posted an earnings surprise of 44.4%.
Range Resources Corp (NYSE:RRC)’s revenue estimates for the current quarter are $737.98 Million according to 19 number of analysts, for the current quarter the company has high revenue estimates of $856 Million in contradiction of low revenue estimates of $659 Million. For the current year the company’s revenue estimates are $2.83 Billion compared to low analyst estimates of $2.64 Billion and high estimates of $3.04 Billion according to 12 number of analysts.
Currently Range Resources Corp (NYSE:RRC)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded 0.04%, as well as three-month change in the institutional ownership was recorded 0.87%.
Range Resources Corp (NYSE:RRC)’s trailing twelve month revenues are $3.02 Billion, whereas its price to sales ratio for the same period is 0.93. Its book value per share for the most recent quarter is $23.6 while its price to book ratio for the same period is 0.48, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 7048.5. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.