Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Range Resources's share price for the quarter that ended in Mar. 2024 was $34.43. Range Resources's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 243 Mil. Therefore, Range Resources's market cap for the quarter that ended in Mar. 2024 was $8,353 Mil.
Range Resources's quarterly market cap
declined
from Sep. 2023 ($7,822 Mil) to Dec. 2023 ($7,337 Mil) but then
increased
from Dec. 2023 ($7,337 Mil) to Mar. 2024 ($8,353 Mil).
Range Resources's annual market cap
increased
from Dec. 2021 ($4,454 Mil) to Dec. 2022 ($5,977 Mil) and
increased
from Dec. 2022 ($5,977 Mil) to Dec. 2023 ($7,337 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Range Resources's Enterprise Value for Today is $10,699 Mil.
Range Resources Market Cap Historical Data
The historical data trend for Range Resources's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Range Resources's Market Cap
For the Oil & Gas E&P subindustry, Range Resources's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Range Resources's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Range Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where Range Resources's Market Cap falls into.
Range Resources Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Range Resources's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Range Resources (NYSE:RRC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Range Resources Market Cap Related Terms
Thank you for viewing the detailed overview of Range Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Range Resources (Range Resources) Business Description
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.
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