Is Range Resources Stock a Good Investment?
Range Resources Investment Advice | RRC |
- Examine Range Resources' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Range Resources' leadership team and their track record. Good management can help Range Resources navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact Range Resources' business and its evolving consumer preferences.
- Compare Range Resources' performance and market position to its competitors. Analyze how Range Resources is positioned in terms of product offerings, innovation, and market share.
- Check if Range Resources pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Range Resources' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Range Resources Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Range Resources Corp is a good investment.
Sell | Buy |
Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Range Resources Stock
Researching Range Resources' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The book value of Range Resources was at this time reported as 16.03. The company last dividend was issued on the 13th of September 2024. Range Resources Corp had 3:2 split on the 5th of December 2005.
To determine if Range Resources is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Range Resources' research are outlined below:
| Range Resources Corp is unlikely to experience financial distress in the next 2 years | |
| Range Resources Corp has 1.79 B in debt with debt to equity (D/E) ratio of 1.11, which is OK given its current industry classification. Range Resources Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Range to invest in growth at high rates of return. | |
| Range Resources Corp has a poor financial position based on the latest SEC disclosures | |
| Over 97.0% of Range Resources shares are owned by institutional investors | |
| On 27th of September 2024 Range Resources paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Range Resources, BKV new longs ideas at Hedgeye |
Range Resources Quarterly Cash And Short Term Investments |
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Range Resources uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Range Resources Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Range Resources' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 22nd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Range Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Range Resources' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-03-02 | 2003-12-31 | 0.09 | 0.08 | -0.01 | 11 | ||
2003-11-04 | 2003-09-30 | 0.08 | 0.07 | -0.01 | 12 | ||
2003-08-05 | 2003-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2002-05-06 | 2002-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
1996-11-07 | 1996-09-30 | 0.1 | 0.09 | -0.01 | 10 | ||
1996-05-08 | 1996-03-31 | 0.1 | 0.09 | -0.01 | 10 | ||
1995-05-08 | 1995-03-31 | 0.04 | 0.05 | 0.01 | 25 | ||
2017-10-24 | 2017-09-30 | 0.03 | 0.05 | 0.02 | 66 |
Know Range Resources' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Range Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Range Resources Corp backward and forwards among themselves. Range Resources' institutional investor refers to the entity that pools money to purchase Range Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-06-30 | 4 M | Citadel Advisors Llc | 2024-06-30 | 3.3 M | Fuller & Thaler Asset Management Inc | 2024-09-30 | 3 M | Canoe Financial Lp | 2024-09-30 | 2.7 M | Bank Of New York Mellon Corp | 2024-06-30 | 2.5 M | Bank Of America Corp | 2024-06-30 | 2.4 M | William Blair Investment Management, Llc | 2024-09-30 | 2.3 M | Kopernik Global Investors, Llc | 2024-06-30 | 2.3 M | Amvescap Plc. | 2024-06-30 | 2.1 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 29.4 M | Fmr Inc | 2024-09-30 | 27.5 M |
Range Resources' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 8.48 B.Market Cap |
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Range Resources' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.14 | 0.15 | |
| Return On Assets | 0.12 | 0.13 | |
| Return On Equity | 0.23 | 0.24 |
Determining Range Resources' profitability involves analyzing its financial statements and using various financial metrics to determine if Range Resources is a good buy. For example, gross profit margin measures Range Resources' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Range Resources' profitability and make more informed investment decisions.
Please note, the presentation of Range Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Range Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Range Resources' management manipulating its earnings.
Evaluate Range Resources' management efficiency
Range Resources Corp has Return on Asset of 0.0668 % which means that on every $100 spent on assets, it made $0.0668 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1316 %, implying that it generated $0.1316 on every 100 dollars invested. Range Resources' management efficiency ratios could be used to measure how well Range Resources manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.13. The current year's Return On Capital Employed is expected to grow to 0.15. At present, Range Resources' Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 2 B, whereas Total Assets are forecasted to decline to about 4.2 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.89 | 16.68 | |
| Tangible Book Value Per Share | 15.89 | 16.68 | |
| Enterprise Value Over EBITDA | 5.42 | 5.70 | |
| Price Book Value Ratio | 1.92 | 2.87 | |
| Enterprise Value Multiple | 5.42 | 5.70 | |
| Price Fair Value | 1.92 | 2.87 | |
| Enterprise Value | 5.6 B | 5.9 B |
The strategic initiatives led by Range Resources' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0093 | Forward Dividend Yield 0.0093 | Forward Dividend Rate 0.32 | Beta 1.811 |
Basic technical analysis of Range Stock
As of the 22nd of November, Range Resources holds the Risk Adjusted Performance of 0.0929, coefficient of variation of 867.8, and Semi Deviation of 1.46. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Range Resources, as well as the relationship between them.Range Resources' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Range Resources insiders, such as employees or executives, is commonly permitted as long as it does not rely on Range Resources' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Range Resources insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Range Resources' Outstanding Corporate Bonds
Range Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Range Resources Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Range bonds can be classified according to their maturity, which is the date when Range Resources Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Range Resources 4875 Corp BondUS75281AAS87 | View | |
| US75281ABK43 Corp BondUS75281ABK43 | View | |
| US75281ABJ79 Corp BondUS75281ABJ79 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Understand Range Resources' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Range Resources' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0929 | |||
| Market Risk Adjusted Performance | 0.2527 | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.46 | |||
| Downside Deviation | 1.63 | |||
| Coefficient Of Variation | 867.8 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.71 | |||
| Information Ratio | 0.0657 | |||
| Jensen Alpha | 0.1373 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | 0.2427 | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.64 | |||
| Downside Variance | 2.67 | |||
| Semi Variance | 2.14 | |||
| Expected Short fall | (1.65) | |||
| Skewness | 0.5738 | |||
| Kurtosis | 1.4 |
| Risk Adjusted Performance | 0.0929 | |||
| Market Risk Adjusted Performance | 0.2527 | |||
| Mean Deviation | 1.44 | |||
| Semi Deviation | 1.46 | |||
| Downside Deviation | 1.63 | |||
| Coefficient Of Variation | 867.8 | |||
| Standard Deviation | 1.93 | |||
| Variance | 3.71 | |||
| Information Ratio | 0.0657 | |||
| Jensen Alpha | 0.1373 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | 0.2427 | |||
| Maximum Drawdown | 8.94 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.64 | |||
| Downside Variance | 2.67 | |||
| Semi Variance | 2.14 | |||
| Expected Short fall | (1.65) | |||
| Skewness | 0.5738 | |||
| Kurtosis | 1.4 |
Consider Range Resources' intraday indicators
Range Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Range Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 130028.0 | |||
| Daily Balance Of Power | 0.3106 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 35.82 | |||
| Day Typical Price | 35.74 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | 0.41 | |||
| Relative Strength Index | 63.47 |
Range Resources Corporate Filings
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 28th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 23rd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 22nd of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Range Stock media impact
Far too much social signal, news, headlines, and media speculation about Range Resources that are available to investors today. That information is available publicly through Range media outlets and privately through word of mouth or via Range internal channels. However, regardless of the origin, that massive amount of Range data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Range Resources news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Range Resources relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Range Resources' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Range Resources alpha.
Range Resources Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Range Resources can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Range Resources Corp Historical Investor Sentiment
Investor biases related to Range Resources' public news can be used to forecast risks associated with an investment in Range. The trend in average sentiment can be used to explain how an investor holding Range can time the market purely based on public headlines and social activities around Range Resources Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Range Resources' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Range Resources and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Range Resources news discussions. The higher the estimate score, the more favorable the investor's outlook on Range Resources.
Range Resources Corporate Directors
| James Funk | Independent Director | Profile | |
| Margaret Dorman | Independent Director | Profile | |
| Steven Gray | Independent Director | Profile | |
| Brenda Cline | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Range Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Range Resources. If investors know Range will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Range Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.04 | Dividend Share 0.32 | Earnings Share 2 | Revenue Per Share 9.79 | Quarterly Revenue Growth (0.01) |
The market value of Range Resources Corp is measured differently than its book value, which is the value of Range that is recorded on the company's balance sheet. Investors also form their own opinion of Range Resources' value that differs from its market value or its book value, called intrinsic value, which is Range Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Range Resources' market value can be influenced by many factors that don't directly affect Range Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Range Resources' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Range Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Range Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.