Home Sectors Energy Trading Results: Range Resources Corporation (NYSE: RRC)

Trading Results: Range Resources Corporation (NYSE: RRC)

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Range Resources Corporation is in the oil and gas exploration and production industry and energy sector. Range Resources Corp is an independent natural gas exploration and production company. All the business activities are functioned in the areas of Pennsylvania and North Louisiana. It generates its revenue from Natural gas, NGLs and oil sales.

Previous Intraday Trading Performance:

The RRC stock showed a previous change of 9.64% with an open at 9.52 and a close of 10.35. It reached an intraday high of 10.42 and a low of 9.47.

SeekingAlpha:  Range Resources +4% after ‘impressive’ reserve update

Liquidity:

The stock has a market cap of $2.6b with 249.5m shares outstanding, of which the float is 247.5m shares. Trading volume reached 13,228,411 shares compared to its average volume of 8,124,556 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Range Resources Corporation shares returned -3.45% and in the past 30 trading days it returned 7.37%. Over three months, it changed -41.10%. In one year it has changed -20.26% and within that year its 52-week high was 18.60 and its 52-week low was 9.22. RRC stock is 12.26% above its 52 Week Low.

Our calculations show a 200 day moving average of 14.91 and a 50 day moving average of 11.60. Currently RRC stock is trading -30.58% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Range Resources says proved reserves rose 18% at year-end 2018

Earnings:

The last annual fiscal EPS for the company was reported at 1.34 that ended on 31st of December 2017, which according to the previous close, that is a PE of 7.72. Based on 11 analyst estimates, the consensus EPS for the next quarter is 0.17. The TTM EPS is 1.14, which comes to a TTM PE of 9.08.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.26
06-30-2018:  0.20
03-31-2018:  0.46
12-31-2017:  0.22

The dividend per share is currently 0.08, which is a dividend yield of 0.77%. Also, the payout ratio is 7.02%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 1.32, which means it may be overvalued by -682.69%

Indicators to Watch:

Based on the latest filings, there is 0.80% of insider ownership and 141.20% of institutional ownership. Short-interest is 45,866,489, which is 18.38% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.13. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.18

SeekingAlpha:  Range Resources says proved reserves rose 18% at year-end 2018

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 4.23%, return on assets is 2.04%, profit margin is 0.76%, price-to-sales is 1.00 and price-to-book is 0.40.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 1  :Past Performance Score
 2  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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