RRC Stock Summary and Trading Ideas (Range Resources | NYSE:RRC)

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2023, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.14 billion cubic feet equivalent per day. Natural gas accounted for 69% of production.

Range Resources trades on the NYSE stock market under the symbol RRC.

As of April 24, 2024, RRC stock price climbed to $37.77 with 4,403,513 million shares trading.

RRC has a beta of 0.60, meaning it tends to be less sensitive to market movements. RRC has a correlation of 0.05 to the broad based SPY ETF.

RRC has a market cap of $9.14 billion. This is considered a Mid Cap stock.

Last quarter Range Resources reported $718 million in Revenue and $.69 earnings per share. This beat revenue expectation by $59 million and exceeded earnings estimates by $.12.

In the last 3 years, RRC stock traded as high as $37.89 and as low as $8.71.

The top ETF exchange traded funds that RRC belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

RRC has outperformed the market in the last year with a price return of +49.4% while the SPY ETF gained +24.2%. RRC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +28.7% and +4.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

RRC support price is $35.94 and resistance is $37.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RRC stock will trade within this expected range on the day.