Range Announces Second Quarter 2024 Results
| RRC Stock | USD 37.50 0.49 1.29% |
About 61% of Range Resources' investor base is looking to short. The current sentiment of investing in Range Resources Corp suggests that many traders are alarmed. The current market sentiment, together with Range Resources' historical and current headlines, can help investors time the market. In addition, many technical investors use Range Resources Corp stock news signals to limit their universe of possible portfolio assets.
Range |
FORT WORTH, Texas, July 23, 2024 -- RANGE RESOURCES CORPORATION today announced its second quarter 2024 financial results. Second Quarter 2024 Highlights Cash flow from operating activities of 149 millionCash flow from operations, before working capital changes, of 237 millionCapital spending of 175 million, approximately 27 percent of the 2024 budgetPre-hedge NGL realizations of 24.35 per barrel premium of 1.26 over Mont Belvieu equivalentNatural gas differentials
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Range Resources Fundamental Analysis
We analyze Range Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Range Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Range Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Debt To Equity
Debt To Equity Comparative Analysis
Range Resources is currently under evaluation in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Range Resources Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Range Resources stock to make a market-neutral strategy. Peer analysis of Range Resources could also be used in its relative valuation, which is a method of valuing Range Resources by comparing valuation metrics with similar companies.
Peers
Range Resources Related Equities
| PR | Permian Resources | 2.56 | ||||
| MGY | Magnolia Oil | 0.60 | ||||
| FANG | Diamondback Energy | 0.34 | ||||
| CRK | Comstock Resources | 0.05 | ||||
| EOG | EOG Resources | 1.13 | ||||
| CIVI | Civitas Resources | 1.39 | ||||
| AR | Antero Resources | 1.45 | ||||
| CTRA | Coterra Energy | 1.86 | ||||
| SM | SM Energy | 2.15 | ||||
| EQT | EQT | 2.48 |
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