Range Resources Corp. (NYSE: RRC) has reported E.P.S. of $0.12 for its second fiscal quarter (ending June 30) versus $0.12 for the same period a year ago — flat performance. Relative to the consensus estimate of $0.47, this was a shortfall of $-0.35. For the latest four quarters through June 30, E.P.S. were $1.99 versus $7.00 for the same period a year ago — a decline of -72%.
Recent Price Action
Range Resources Corp. (NYSE: RRC) stock declined modestly by -1.6% on 7/23/24. The stock closed at $33.09. Moreover, this decline was accompanied by above average trading volume at 126% of normal. The stock has performed in line with the market over the last nine months and has declined -5.0% during the last week.
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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Range Resources has a good Appreciation Score of 82 but a neutral Power Rating of 42, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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