Alert: Negative Investment/Fundamental Signals (10/15/24)-Range Resources Corp. (NYSE: RRC)

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Range Resources Corp. (NYSE: RRC). Exceptional negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

Significant negative changes in investment behavior have recently occurred for Range Resources Corp. (NYSE: RRC): the stock fell on very heavy volume.

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.

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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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Range Resources has a good Appreciation Score of 83 but a slightly negative Power Rating of 34, resulting in the Neutral Value Trend Rating.

Recent Price Action

Range Resources Corp. (NYSE: RRC) stock closed at $29.90 on 10/15/24 after a decline of -2.2%. Moreover, trading volume in this decline was exceptionally high at 216% of normal. The stock has declined -6.9% during the last week and has performed in line with the market over the last nine months.

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