Range Resources Corp. (NYSE: RRC) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Significant negative changes in fundamentals have recently occurred for Range Resources Corp. (NYSE: RRC): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RRC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Range Resources has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Range Resources has a good Appreciation Score of 80 but a slightly negative Power Rating of 40, triggering the High Neutral Value Trend Rating.
Recent Price Action
Range Resources Corp. (NYSE: RRC) stock declined by -2.3% on 7/18/24. The shares closed at $32.76. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -2.2% during the last week.
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