How to Buy Range Resources Stock
Range Resources Corp
Range Resources is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker RRC on the NYSE exchange.
Range Resources stock last closed at $35.27, up 1.41% from the previous day, and has increased 33.95% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.18 percentage points. Range Resources stock is currently +47.45% from its 52-week low of $23.92, and -6.89% from its 52-week high of $37.88.
There are currently 242.12M shares of RRC outstanding. The market value of RRC is $8.54B. In the past 24 hours, 2.03M RRC shares were traded.
How to Buy Range Resources Stock
Not sure how to invest in Range Resources stock? Here's how.
- Decide where to buy Range Resources stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Range Resources stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your payment method and add your information.
- Evaluate Range Resources stock: The Range Resources ticker symbol is RRC. Is Range Resources stock a good investment? Should you buy shares of RRC? How do RRC's underlying business fundamentals look? Do top analysts think Range Resources is a good buy? Why has RRC's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if RRC is a good stock to buy).
- Place your RRC trade: Decide if you will purchase RRC shares at the current market price or use a limit order to purchase RRC shares at a given price.
- Get the latest scoop on your RRC investment: Create a watchlist to monitor your position in Range Resources stock.
Step 1: Decide where to buy Range Resources stock
You need a brokerage account in order to access the NYSE market and buy RRC stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal information so you are able to buy RRC stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on the greatest app to buy stocks, you need to deposit funds:
Watch the tutorial below to see the process of transferring funds into your investment account.
Step 4: Evaluate Range Resources stock
Once you have chosen the best place to buy Range Resources stock, it's crucial to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
Range Resources stock quick numbers
RRC Fundamentals
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on RRC's stock page.
How is RRC stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge RRC's intrinsic value.
Using relative valuations metrics:
- RRC may be undervalued based on its P/E ratio of 9.77x, relative to Oil & Gas E&P industry P/E ratio of 13.21x
- RRC may be overvalued based on its P/B ratio of 2.27x, relative to Oil & Gas E&P industry P/B ratio of 2.13x
- RRC may be undervalued based on its PEG ratio of 0.25x
You can access additional valuation analysis on RRC's stock here.
How do RRC Financials look?
Passed Health Checks:
- RRC earnings of $1.22B is not enough to cover its interest payments.
- RRC's operating cash flow of $977.89M allows it to safely service it's debt of $1.79B.
- There are more short-term assets than short-term liabilities on the RRC balance sheet.
- Total RRC debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- RRC profit margin has gone down from 28.5% to 25.8% in the past year.
- RRC has a relatively high debt to equity ratio of 0.91.
- There are more long-term liabilities than short-term assets on the RRC balance sheet.
Is RRC stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Equities analysts who give forecasts on RRC, the consensus analyst rating on Range Resources is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent RRC Analyst Recommendations
Betty Jiang, a bottom 11% analyst from Barclays initiates coverage on RRC with a strong sell rating and announces their RRC price target of $35.00, on Apr 10, 2024.
Bertrand Hodee, a top 31% analyst from Truist Securities maintains RRC with a hold rating and lowers their RRC price target from $32.00 to $30.00, on Apr 5, 2024.
Paul Diamond, a top 21% analyst from Citigroup maintains RRC with a hold rating and raises their RRC price target from $33.00 to $37.00, on Apr 3, 2024.
Roger Read, a top 2% analyst from Wells Fargo maintains RRC with a hold rating and raises their RRC price target from $32.00 to $34.00, on Mar 12, 2024.
Biju Perincheril, a bottom 3% analyst from Susquehanna downgrades RRC to a hold rating and lowers their RRC price target from $43.00 to $34.00, on Jan 26, 2024.
You can dive deeper into what analysts are forecasting on the Range Resources stock forecast page.
RRC Trading Indicators
RRC Performance Numbers
Last year, RRC earnings were $871.14M. In the past two year, RRC's earnings have grown by 47.91% per year. This was faster than the Oil & Gas E&P industry average of 15.48%.
Last year, RRC revenue was $3.37B. During the last five year, RRC's revenue has gone up by 0.55% per year. This was slower than the Oil & Gas E&P industry average of 19.62%.
You can research RRC's earnings and revenue performance here.
Latest Insiders Trades at RRC
In the last 12 months, insiders at RRC have sold more shares than they have bought.
Ashley Kavanaugh, VP Principal Accting Officer of RRC, was the latest RRC insider to buy. They bought $6,243.48 worth of RRC shares on Mar 22, 2024.
Research more about who owns RRC shares here.
Can I rely on RRC as an income stream?
Range Resources pays a dividend of 0.91%, compared to the Oil & Gas E&P industry's average dividend yield of 3.59%. If you owned $1,000 worth of RRC stock, you would have received $9.07 in the past 12 months.
Range Resources dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Range Resources dividend yield and history here.
What do other investors have to say about RRC?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your RRC trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your RRC investment
Now that you own some shares in RRC, you'll want to stay up-to-date on your investment.
Create a watchlist to keep tabs on your RRC stock.
RRC Feed
How to Buy Stock in Range Resources
To summarize, here are the 6 steps you need to take to buy Range Resources stock right now:
- Decide where to buy Range Resources stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Range Resources stock
- Place your RRC trade
- Get the latest scoop on your RRC investment
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Range Resources, get started below.
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