Worth Watching Stock for Traders: RANGE RESOURCES CORPORATION (NYSE: RRC)

RANGE RESOURCES CORPORATION (NYSE: RRC) stock identified change of -3.81% away from 52-week low price and recently located move of -66.77% off 52-week high price. It has market worth of $1532.08M and dividend yield of 1.29%. RRC stock has been recorded -24.14% away from 50 day moving average and -47.96% away from 200 day moving average. Moving closer, we can see that shares have been trading -11.85% off 20-day moving average.

RANGE RESOURCES CORPORATION (NYSE: RRC) declared that Margaret K. Dorman has been appointed to the Company’s Board of Directors. Ms. Dorman’s appointment is effective July 1 and was mutually agreed upon by the Company’s Board of Directors and SailingStone Capital Partners, LLC. Ms. Dorman will serve on the Board’s audit committee.

Ms. Dorman has 30 years of experience in the energy industry, largely focused in the oilfield service and equipment sector. In 2009, she retired as the Executive Vice President, Chief Financial Officer and Treasurer of Smith International, Inc. (now part of Schlumberger Limited) after spending more than a decade in that role. Previously, she held management positions at Landmark Graphics, prior to its acquisition by Halliburton Corporation, and Ernst & Young. Ms. Dorman also has significant board and committee experience. She has served as an independent director of Equitrans Midstream Corporation since the November 2018 separation from EQT Corporation and, for the previous seven years, as an independent director of EQT Corporation. She currently is a member of the audit committee of Equitrans Midstream and chairs the management development and compensation committee. Additionally, Ms. Dorman is a director of privately-held Rubicon Oilfield International, where she serves as chair of the audit committee and a member of the compensation committee.

“Ms. Dorman brings significant financial expertise and a strong background in the oil and gas industry to our Board. We are confident Margaret’s background in finance and extensive industry experience will be an asset to Range as we focus on translating our world-class Marcellus Shale position into shareholder value,” said Jeff Ventura, CEO and President of Range Resources.

Greg Maxwell, Range’s Chairman, added, “The Range Board is committed to an active and ongoing Board refreshment process, which is critical to maintaining deep industry knowledge and diverse expertise to provide robust oversight. We believe adding an independent director with Ms. Dorman’s experience, coupled with Board changes we have made over the last several years, shows Range’s commitment to best corporate governance practices.”

The Basic Materials sector company, Range Resources Corporation noticed change of -8.44% to $6.18 along volume of 10939775 shares in recent session compared to an average volume of 8224.8K. The stock observed return of -8.58% in 5 days trading activity. The stock was at -23.80% over one month performance. RRC’s shares are at -43.20% for the quarter and driving a -63.06% return over the course of the past year and is now at -35.42% since this point in 2018.

The average volatility for the week at 5.70% and for month was at 5.35%. There are 247.91M shares outstanding and 247.91M shares are floated in market. Right now the stock beta is 0.99.

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