Shares of Range Resources Corporation (RRC) Sees Large Inflow of Net Money Flow

Shares of Range Resources Corporation (RRC) saw an erosion of -0.12 points in recent session. During the trading, the value of each share was $32.22, dropping -0.37%. The shares saw high fund-flow as the composite value of all the upticks was $10.41 million and the total value of all the downticks was a mere $7.16 million. The net money flow was seen at $3.25 million and the up/down ratio was measured at 1.45. On a weekly basis the shares of the shares has recorded a change of -9.77%.The block trade which occurred today had $3.34 million in upticks and $0.48 million in downticks with the up/down ratio climbing to 6.93. $2.86 million was the net money flow of the block transaction.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Range Resources Corporation has lost 5.97% in the last five trading days and dropped 7.42% in the last 4 weeks. Range Resources Corporation has dropped 5.81% during the last 3-month period . Year-to-Date the stock performance stands at -7.42%. Range Resources Corporation (NYSE:RRC) witnessed a decline in the market cap on Wednesday as its shares dropped 1.64% or 0.53 points. After the session commenced at $32.66, the stock reached the higher end at $32.74 while it hit a low of $31.65. With the volume soaring to 4,763,024 shares, the last trade was called at $31.81. The company has a 52-week high of $46.96. The company has a market cap of $7,862 million and there are 247,145,290 shares in outstanding. The 52-week low of the share price is $21.69.

Company has reported several Insider transactions to the SEC, on Jan 5, 2017, Jeffrey L Ventura (President and CEO) sold 48,500 shares at 32.60 per share price.On Jan 5, 2017, Ray N Jr Walker (EVP and COO) sold 13,754 shares at 32.60 per share price.On Jan 5, 2017, Roger S Manny (Exec VP and CFO) sold 20,000 shares at 32.60 per share price.

Range Resources Corp. Last issued its quarterly earnings results on Oct 25, 2016. The company reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $-0.16. The company had revenue of $413.20 million for the quarter, compared to analysts expectations of $360.95 million. The companys revenue was down -13.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Range Resources Corp. was Initiated by R. F. Lafferty on Jan 25, 2017 to Buy, Price Target of the shares are set at $58.

Range Resources Corp. acquires, develops, and finances oil and gas properties in the U.S. They seek to build value primarily through lower-risk development drilling and acquisitions while to a lesser degree pursuing higher risk exploitation and exploration projects on their extensive inventory of undeveloped acreage. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.

Range

Share this post

Leave a Reply