A Fresh Look At Range Resources Corporation (NYSE:RRC)

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Range Resources Corporation (NYSE:RRC) closed its last session at $17.27. The stock traded within a range of $16.83 and $17.52. The company operates in the Energy sector with a market capitalization of 4.45 Million. Trading volume for Range Resources Corporation was 7.37 Million in its previous trading session. Currently, Range Resources Corporation (NYSE:RRC) has an average volume of 6.84 Million.

Company Profile

Range Resources Corporation is a leading U.S. independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachia Basin and Northern Louisiana. Range Resources Corporation’s strategy to achieve business objective is to increase reserves and production through internally generated drilling projects coupled with occasional complementary acquisitions and divestitures of non-core assets. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.

Analyst Views

Range Resources Corporation (NYSE:RRC) received a Buy rating from 4 analysts. 0 analysts gave its stock an Outperform rating. 1 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Range Resources Corporation (NYSE:RRC) touched its 1-Year High price of $36.40 on 01/27/17 and its 1-Year Low price of $15.33 on 12/15/17.

EPS & Financials

Range Resources Corporation (NYSE:RRC) reported its EPS in the last quarter as $0.05/Share beating the analyst estimate of $0.03/Share by a difference of $0.02. This showed a surprise of 66.7% in the last quarter earnings.

For the current quarter, 28 analysts are projecting a mean EPS of $0.19/share. According to their observations and findings, the stock could provide a high EPS of $1.21/share and a low EPS of $-0.08/share.

Analysts believe that the company has the potential to earn average revenue of $622.03 Million for the current quarter. According to their predictions high & low revenue estimates are 697.69 Million and 583.8 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with MEDIUM volatility. Range Resources Corporation (NYSE:RRC) has a 20-Day average volume of 7.42 Million. According to today’s trading volume Range Resources Corporation is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BEARISH trend as well.

The company currently has an insider ownership of 0.3 Percent and Institutional ownership of 0 Percent. The return on assets stands at 2.4%, Return on Equity currently is 5% and the Return on Investment value is -0.9%.

Range Resources Corporation (NYSE:RRC) gross margin percentage stands at 83.1% while its operating margin for the past trailing twelve month is 12.6 percent and its overall profit margin (ttm) is 12.4 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 3.48% with a 50-Day Simple Moving Average of -0.46 percent. As of today, the company has a SMA200 (200-day simple moving average) of -17.26 Percent. The Stock has YTD (year to date) performance of 1.23 percent.

The TTM operating margin for the company stands at 12.6%. The return on invested capital is at -0.9%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 5.56.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -17.26%, and has a solid year to date (YTD) performance of 1.23% which means that the stock is constantly adding to its value from the previous fiscal year end price.