Range Resources (RRC) Inventory Average (2009 - 2019)
Range Resources (RRC) posted quarterly Inventory Average of $26.3 million for Q3 2019, up 13.23% year-over-year from $23.2 million in Q3 2018, and up 1.48% quarter-over-quarter from $25.9 million in Q2 2019.
Range Resources (RRC) Inventory Average (2009 - 2019) Analysis & Trends
Range Resources' Inventory Average history runs 11 years deep, the most recent figure standing at $26.3 million for Q3 2019.
- In Q3 2019, Inventory Average rose 13.23% year-over-year to $26.3 million; the TTM figure through Sep 2019 stood at $26.3 million (up 13.23% YoY), while the FY2018 annual figure was $22.2 million, down 7.53% from the prior year.
- Inventory Average for Q3 2019 stood at $26.3 million, up from $25.9 million in the prior quarter.
- The five-year high for Inventory Average was $31.5 million in Q4 2016, with the low at $17.6 million in Q1 2015.
- The 5-year median for Inventory Average is $23.7 million (2018), against an average of $24.1 million.
- The sharpest annual moves came in 2016 and 2017: Inventory Average soared 66.17% in 2016, then sank 32.2% in 2017.
- Range Resources' Inventory Average stood at $28.1 million in 2015, then grew by 12.02% to $31.5 million in 2016, then slumped by 32.2% to $21.4 million in 2017, then gained by 11.06% to $23.7 million in 2018, then climbed by 10.85% to $26.3 million in 2019.
- Business Quant data shows RRC's Inventory Average at $26.3 million in Q3 2019, $25.9 million in Q2 2019, and $24.0 million in Q1 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 1.89 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 2.07 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 942.50 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 73.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 337.50 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 702.00 Mn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 2.02 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Range Resources | 9.57 Bn | 9.47 Bn | 774.23 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | 26.30 Mn |
| Jun 30, 2019 | 25.92 Mn |
| Mar 31, 2019 | 24.05 Mn |
| Dec 31, 2018 | 23.73 Mn |
| Sep 30, 2018 | 23.23 Mn |
| Jun 30, 2018 | 26.02 Mn |
| Mar 31, 2018 | 25.71 Mn |
| Dec 31, 2017 | 21.36 Mn |
| Sep 30, 2017 | 19.89 Mn |
| Jun 30, 2017 | 19.28 Mn |
| Mar 31, 2017 | 23.36 Mn |
| Dec 31, 2016 | 31.51 Mn |
| Sep 30, 2016 | 28.55 Mn |
| Jun 30, 2016 | 22.94 Mn |
| Mar 31, 2016 | 29.22 Mn |
| Dec 31, 2015 | 28.13 Mn |
| Sep 30, 2015 | 21.98 Mn |
| Jun 30, 2015 | 19.11 Mn |
| Mar 31, 2015 | 17.58 Mn |
| Dec 31, 2014 | 17.41 Mn |