For its third fiscal quarter (ending September 30), Range Resources Corp. (NYSE: RRC) has reported E.P.S. of $0.21 compared to $0.20 a year ago. E.P.S. were $2.00 for the latest four quarters through September 30 versus $5.68 for the same period a year ago.
Recent Price Action
On 10/22/24, Range Resources Corp. (NYSE: RRC) stock declined slightly by -0.2%, closing at $29.90. Moreover, this decline was accompanied by above average trading volume at 131% of normal. The stock has performed in line with the market over the last nine months and has declined -2.2% 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 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 84 but a slightly negative Power Rating of 32, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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