Range Resources Corporation (RRC): From Top to Bottom

Range Resources Corporation (RRC) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $15.59, down from yesterday’s close by -0.06%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Range Resources Corporation (RRC) currently trades with a market capitalization of $3.70 Billion. That value represents a market adjusting for revenues that have been growing by 29.87 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$179.74 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.41 on a per share basis this quarter. Perhaps, that suggests something about why 0.74% of the outstanding share supply is held by institutional investors.



Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Range Resources Corporation recorded a 52-week high of $30.30. It is now trading 14.71% off that level. The stock is trading $15.03 its 50-day moving average by -0.56%. The stock carved out a 52-week low down at $11.93.

In recent action, Range Resources Corporation (RRC) has made a move of +19.46% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 24.19% with $237.42 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RRC.

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