Range Resources RRC
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Range Resources (RRC) Business Model and Operations Summary
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States. It markets and sells natural gas and NGLs to utilities, marketing and midstream companies, and industrial users; petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1976 and is headquartered in Fort Worth, Texas.
Key Insights
Range Resources (RRC) Core Market Data and Business Metrics
Latest Closing Price
$36.49Market Cap
$8.43 BillionAverage Daily Volume
2,871,037 Shares52-Week Range
$27.29-$43.50Price-Earnings Ratio
18.34Total Outstanding Shares
238.19 Million SharesCEO
Dennis L. DegnerTotal Employees
548Current Dividend
$0.09 Per Share QuarterlyIPO Date
April 10, 1990SIC Description
Crude Petroleum & Natural GasHeadquarters
100 Throckmorton Ste. 1200, Ft Worth, TX, 76102