Range Resources Corporation (RRC) Shares Slide -1.99%

Range Resources Corporation (RRC) : During the past 4 weeks, traders have been relatively bearish on Range Resources Corporation (RRC), hence the stock is down -12.32% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.93% relative to the S&P 500. The 4-week change in the price of the stock is -9.38% and the stock has fallen -1.99% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.47% and the 50-Day Moving Average is 6.31%. Range Resources Corporation has dropped 8.57% during the last 3-month period . Year-to-Date the stock performance stands at 63.98%.


Range Resources Corporation (NYSE:RRC): On Fridays trading session , Opening price of the stock was $40.19 with an intraday high of $40.67. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.66. However, the stock managed to close at $40.31, a loss of 1.08% for the day. On the previous day, the stock had closed at $40.75. The total traded volume of the day was 2,624,508 shares.

Also, BMO Capital downgrades its rating on Range Resources Corporation (NYSE:RRC). Analysts at the BMO Capital have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 29, 2016.

Range Resources Corporation (Range) is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the engaged in the exploration, development and acquisition of natural gas and oil properties, mostly in the Appalachian and Midcontinent regions of the United States. The Companys properties consist of interests in developed and undeveloped natural gas and oil leases in these regions. These interests are mostly in the form of working interests and, to a lesser extent, royalty and overriding royalty interests. The Companys activities in the Midcontinent region include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *